Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents
Jun 3 2024 // I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date breaking my glasses when she screamed and threw her arms open during a...
A New Approach: Florida Agents’ Association Makes Big Investment in Startup Insurer
Jun 3 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, this spring took the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI
May 31 2024 // Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing...
How AI Can Reshape Claims Management
May 30 2024 // How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank...
Is Trampoline Job Landscape Work? AI Says Yes. 11th Circuit Says It’s Not Covered
May 30 2024 // Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th...
Virginia Tech Firm Settles Allegations Over Whites-Only Job Listing
May 30 2024 // A northern Virginia tech company is paying $38,500 to settle claims that it discriminated by posting a job listing seeking white, U.S.-born candidates for an opening as a business analyst. The Justice Department announced...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
May 29 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The...
Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s
May 29 2024 // Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets...
US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent
May 28 2024 // Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case for its embrace by U.S. intelligence...
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
May 24 2024 // Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and...
Viewpoint: How Liberty Specialty Markets Uses Tech for Claims Risk Management
May 22 2024 // Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration of new technological solutions. From artificial...
Gallagher Updates Regulation for Artificial Intelligence
May 22 2024 // Gallagher’s Cyber practice remains laser focused on emerging technology and the potential for increased risks as organizations begin to use them. Throughout 2024, we’re concentrated on evolving compliance...
AI-Intensive Sectors Are Seeing Productivity Surge: PwC
May 21 2024 // The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy,...
Empowering InsurTech: The Rise of Low-Code Solutions
May 20 2024 // This post is part of a series sponsored by Dyad. Technology is crucial in propelling innovation and efficiency within the constantly evolving insurance technology (InsurTech) sector. One of the most notable advancements in...
AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
May 20 2024 // Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover...
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
May 17 2024 // Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative...
Kansas Schools Turn to AI to Spot Guns
May 14 2024 // TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve...
VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel
May 14 2024 // Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be...
Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp
May 13 2024 // Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new offering WTW Risk IQ API (application programming interface). The...
