Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Feb 7 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
All Additional Insureds Aren’t the Same
Feb 7 2022 // For at least the past couple of decades, it seems that in just about every contract, the upstream party wants to be an additional insured (AI) on the downstream party’s insurance. Most commonly, the request is for AI...
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Jan 31 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Insurance Technology: Great American, Assurely Offer D&O for Tech Startups; Tractable AI Assesses Building Damages; Pie Offers Pay-As-You-Go
Jan 25 2022 // Great American Insurance and Assurely Offer D&O to Startup Firms The Executive Liability division of Great American Insurance Group and the insurtech, Assurely, announced an agreement to offer directors and officers...
American Financial Buys Artificial Intelligence Company Verikai
Jan 21 2022 // American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk. AFG said it paid approximately $120...
2022 Means More Claims Data From Florida Insurers, Notification on Surplus Lines
Jan 3 2022 // New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come. Here’s a look at some of the...
Miami Court Finds IDS Property Insurance Withheld Data on PIP Cases
Dec 29 2021 // In a class-action lawsuit that could affect no-fault auto insurance companies around the country, a Miami judge has sanctioned an insurer for willfully failing to turn over data that could show it was inappropriately...
Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark
Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict. According to a new study led by the University of Washington,...
Zurich Insurance to Acquire Conversational AI Company AlphaChat
Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...
California Halts Pony.Ai’s Driverless Testing Permit After Accident
Dec 14 2021 // A California regulator on Monday said it has suspended a driverless testing permit for startup technology firm Pony.ai following an accident – the first time it has issued such a suspension. On Oct. 28, a Pony.ai...
New York City Aims to Be First to Rein in AI Hiring Tools
Nov 24 2021 // Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making...
Gone Phishing: There’s No Vacation for Data Security in the Insurance Industry
Nov 16 2021 // This post is part of a series sponsored by AgentSync. The summer months can bring some much-needed time off for many in the insurance industry. But one thing that shouldn’t be taking a break is your emphasis on...
Insurance Technology: Agents and Multi-Factor Authentication; TA Invests in Insurity Again; GCube Touts AI in Renewable Energy
Nov 15 2021 // ID Federation Offers Multi-Factor Authentication Resource for Agencies Insurance carriers and their agency partners face a “gathering storm” of confusing requirements and changes in the area of multi-factor...
Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts
Nov 2 2021 // Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by...
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs
Oct 20 2021 // Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened...
Pentagon Ex-Software Chief Claims China Has Already Won AI Battle
Oct 12 2021 // China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
ACORD Releases Re/Insurance Data Standards for Electronic Placing
Sep 29 2021 // ACORD, the standards-setting body for the global insurance industry, announced the expansion of its Global Reinsurance & Large Commercial (GRLC) Data Standards, to include new standards for electronic...
Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI
Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...
Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response
Sep 21 2021 // Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of...
