Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
Sep 20 2024 // With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being...
Ex-Google Executive’s Startup to Use AI to Forecast the Weather
Sep 19 2024 // A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded...
People Moves: Vantage Promotes Granda to Head of Political Risk and Credit; Miller Taps Rance From Price Forbes Re to Lead Reinsurance Strategy and Innovation
Sep 19 2024 // This edition of International People Moves details appointments at the Bermuda-based re/insurer Vantage Group Holdings and the insurance broker Miller. A summary of these new hires follows here. Vantage Promotes Granda to...
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
Sep 18 2024 // Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis,...
Leveraging AI in Insurance: How SelectsysTech’s AI OCR Bridge Transforms Data Extraction
Sep 18 2024 // This post is part of a series sponsored by Selectsys. Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. Manual...
The Wholesale Insurance Evolution: From Consolidation to Innovation
Sep 16 2024 // In a decade defined by disruption, the wholesale insurance market has adapted and evolved to meet the demands of an increasingly complex risk environment. The industry has been remarkable in its ability to pivot, innovate...
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths
Sep 13 2024 // As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path –...
OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials
Sep 13 2024 // OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other industry leaders at the White House on Thursday to discuss how to fill the massive...
Top EU Privacy Regulator Opens Probe Into Google’s AI Compliance
Sep 12 2024 // The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI...
Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?
Sep 10 2024 // The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters...
Texas-Based Insurtech Sigo Seguros Raises $5.1M in Pre-Series A Funding
Sep 10 2024 // Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding...
Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents
Sep 10 2024 // Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents...
Commerce Department Looks to Require Reporting for AI, Cloud Providers
Sep 9 2024 // The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can...
Harnessing AI OCR Technology for Efficient Data Extraction
Sep 5 2024 // This post is part of a series sponsored by Selectsys. In today’s digital age, data is the lifeblood of the insurance industry. Accurate and efficient data extraction is crucial for streamlining operations, reducing...
Clearview AI Fined by Dutch Agency for Facial Recognition Database
Sep 5 2024 // U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said on Tuesday was an illegal database. DPA also issued an additional...
Ascend Unveils Direct Bill Automation Solution for Insurance Brokers
Sep 4 2024 // Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is...
California Lawmakers Approve Legislation to Ban Deepfakes, Regulate AI
Sep 4 2024 // California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California...
California Advances Landmark Legislation to Regulate Large AI Models
Aug 30 2024 // Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology...
Lithium Startups Bet on High Demand in Battery-Powered Future
Aug 30 2024 // As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To...
US Appeals Court Takes Aim at Big Tech Liability Shield
Aug 29 2024 // A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of...
