Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
The Myth of the Tech-Savvy Millennial
Aug 3 2015 // The idea that Millennials have superior tech skills and knowledge is something that has been an oft-repeated fact, both in the insurance industry and in our national consciousness. It makes sense; Millennials are the first...
Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit
Jul 30 2015 // When you are identified in a picture on Facebook, biometric software remembers your face so it can be “tagged” in other photographs. Facebook Inc. says this enhances the user experience. But privacy advocates...
N.Y. Sen. Schumer Pushes for High-Tech Solution to Drunk Driving
Jul 29 2015 // U.S. Sen. Charles Schumer, D-N.Y., says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that...
Tech Firms Collaborating to Make Drone Air Traffic Safe
Jul 28 2015 // Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is joining some of the...
Automakers Seek to Limit Data Sharing with Tech Partners
Jul 20 2015 // Carmakers are limiting the data they share with technology partners Apple Inc. and Google Inc. through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers...
How to Deal With Humans (Customers) Who Prefer a Digital Interface to a Real Face
Jul 20 2015 // Flying drones and self-driving vehicles are being readied for everyday use — and we are not amazed. That’s because, in our industry, we focus on the practical instead of the stupefying: looking at the various...
How the Insurance Industry Is Using Google Glass
Jul 20 2015 // Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the...
Auto Makers Seek to Limit Data Sharing with Tech Partners
Jul 10 2015 // Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do...
World Economic Forum Sees Finance/Insurance Industry in Digital Firing-Line
Jul 1 2015 // The world’s top banks and insurers are being forced to review their business models amid rapid inroads by nimble “fintech” start-ups, which are reshaping what consumers and businesses expect out of...
NYC’s Taxi Regulatory Agency OKs New App Rules for Uber, Lyft
Jun 24 2015 // New York City’s taxi regulatory agency on Monday approved new rules governing how Uber and other app-based car services operate within the five boroughs. Part of the proposal unanimously passed allows the companies...
IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute
Jun 23 2015 // The Insurance Information Institute (I.I.I.) has been awarded the 2015 Innovation Torchbearer Award at the Insurance Marketing & Communications Association’s (IMCA) 2015 Annual Conference in Nashville, Tenn. The...
UK Insurance Software Provider Innovation Group Wins Major Contract
Jun 17 2015 // British insurance software company Innovation Group said on Wednesday it had secured a 46 million pound ($72.3 million) contract with a major client, its third and biggest new business win this year. The deal, which will...
Study: Agencies That Use Technology Experience More Growth
Jun 16 2015 // A new study shows that insurance agencies that use technology in sales and marketing, managing customer relationships and other sales processes sell up to 43 percent more policies per producer than agencies that rely less...
Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis
Jun 15 2015 // Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns...
Top 5 Issues in Often-Misunderstood Business Interruption Insurance
Jun 3 2015 // The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts...
Mobile Tech Provider Slipcase Gets $1.52 Million for Development
Jun 2 2015 // Slipcase.com (formerly My Slipcase) announced that it has received nearly £1 million ($1.524 million) in technology investment from putitout, a UK software provider. Slipcase was founded in 2012 to create a “central...
Is Insurance Industry Falling in Love With Technology Again?
Jun 1 2015 // Back in the 2000s, shortly after the dot-com bubble, I remember being part of discussions where the role of technology within the insurance industry was being debated. At the time, there was a strong drive to outsource in...
Uber and Lyft Fight Proposed NYC Rules – and Each Other
May 28 2015 // Uber and Lyft are among the tech companies pushing back at proposed rules by New York City’s Taxi and Limousine Commission to regulate car service apps. Uber says the rules break federal law because taxi commissions...
Top 5 Risks For Grocers That Are Often Uninsured
May 21 2015 // Grocery retailers traditionally face a number of risks that are not covered by typical property, crime or cyber insurance programs. A new white paper report from global independent insurance broker Lockton —...
‘Outside Forces’ are Changing the Industry: Markel’s Kumana Has Solutions
May 21 2015 // Darius Kumana leads a new team with a new mission that aims to bring the re/insurance industry into the 21st century. He recently joined Markel International in London as head of IT and Digital Strategy – specialties...
