Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Texas Regulators Seek Data on Insurers’ Hurricane Harvey Claims
Sep 27 2017 // The Texas Department of Insurance has issued a mandatory data call to both admitted and surplus lines insurance carriers seeking information about Hurricane Harvey-related claims in 62 counties impacted by the storm. The...
Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art
Sep 22 2017 // Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance...
Tech Talk: Speed-to-Value and the AI Revolution
Sep 18 2017 // The term “speed-to-value” has been around as a management maxim for decades but is being reborn in the digital age — and its application for agents today is perfectly timed. Here’s...
Donaghy Joins Iowa’s Crop Pro Insurance as Director of Data Science
Sep 15 2017 // Crop Pro Insurance, a Des Moines, Iowa-based managing general agent (MGA) specializing in crop insurance, has expanded its experienced leadership team with the addition of Brian Donaghy as director of Data Science. Donaghy...
Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI
Aug 22 2017 // For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the...
Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources
Aug 17 2017 // Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile...
Why and How P/C Insurance Carriers Should Work with Insurtechs
Aug 15 2017 // Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL Innovate’s Martha...
How Big Data Threatens Health Insurance: Viewpoint
Aug 8 2017 // For all its absurdity, the debate over Obamacare has accomplished something positive: It has educated people that insurance is really about risk pooling — as in you need both healthy and sick people to participate if...
How Insurers Can Tap into New Revenue Streams by Using ‘Data Exhaust’
Aug 7 2017 // The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that...
Super Regional Carriers Urged to Educate ‘Suspicious’ Regulators on Big Data Use
Jul 24 2017 // “We’re curious and we don’t know. When regulators don’t know what’s going on, they get suspicious.” That was Wisconsin Insurance Commissioner Ted Nickel acknowledging that like the...
XL Catlin’s Accelerate Unit Appoints Artificial Intelligence Expert from Tesco
Jul 17 2017 // XL Catlin announced the appointment of Ashish Umre as Accelerate partner, Artificial Intelligence (AI), based in London. Accelerate is XL Catlin’s internal disruption and innovation team, which was established in...
How Insurers Can Tap Valuable Revenue Stream Using Their ‘Data Exhaust’
Jul 11 2017 // The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that...
Insurers Say They Need Access to Data from Automated Car Systems
Jun 30 2017 // Property/casualty insurance carriers want future federal rules governing driverless vehicles to guarantee insurers “reasonable” access to data from cars with automated driving systems. “The increasing...
New Flood Insurance Product For Florida Homeowners Available from American Integrity
Jun 29 2017 // American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI is one of nine Florida-based insurers to offer its own flood program that...
AXIS Insurance Taps Zurich’s Anzelc to Lead New Data and Analytics Unit
Jun 20 2017 // AXIS Insurance, a business segment of AXIS Capital Holdings Ltd., announced the appointment of Meghan Anzelc, Ph.D., as vice president, Data and Analytics. In this new role, Anzelc, a trained physicist and data scientist,...
Billings Named VP, Predictive Analytics at Midwest Employers Casualty
Jun 16 2017 // Midwest Employers Casualty has promoted Brian Billings to vice president of Predictive Analytics. As the Midwest Employers Casualty strategy evolved from data acquisition to leveraging data assets, Billings led the effort...
How ‘Exposure Data Tracking’ Is Taking Over Personal Lines Insurance
Jun 5 2017 // Today’s insurers want to be there for their customers — literally. With sensors in policyholders’ cars, homes and personal devices, “exposure data tracking” is becoming a competitive...
UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims
May 19 2017 // UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas...
Zurich Insurance Deploys Robots for Personal Injury Claims Handling
May 18 2017 // Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims...
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
