Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Why Regulation Is Good for Driverless Cars
Jan 21 2016 // You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because...
Artificial Intelligence to Help Reduce Insurance Risks: Baidu President
Jan 21 2016 // It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland,...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade
Jan 12 2016 // An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its...
Crash Rates Lower for Self-Driving Cars: Virginia Tech Study
Jan 11 2016 // Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report out of Virginia Tech Transportation Institute that was commissioned by self-driving car developer...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
Automakers Outpacing Tech Firms in Driverless Car Patents
Jan 5 2016 // Automakers, not technology companies, are in the driver’s seat in developing self-driving, “autonomous” cars, and Japan’s Toyota Motor Corp. is best positioned to lead the way, according to a new...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
12 Insurance Talks to Hear Before the Ball Drops
Dec 31 2015 // As a property/casualty insurance professional, you had a lot on your plate in 2015. You didn’t get to watch, listen to or read everything you wanted. From the 2015 Wells Media archives, here are some talks you may...
Regulators Focused on Product Innovation, Emerging Trends
Dec 21 2015 // State-based insurance regulation has a 145-year history of effectively and successfully protecting consumers and fostering competitive insurance markets. As the 2016 president of the National Association of Insurance...
Chinese Online Insurer ZhongAn Leads Financial Technology Innovation
Dec 15 2015 // Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and interest in the sector...
U.S. Looks to Revamp Auto Safety Ratings, Add High-Tech Crash Dummies
Dec 9 2015 // U.S. regulators proposed a remake of the five-star crash-test ratings system for automobiles to take into account new technology — and new test dummies. The National Highway Traffic Safety Administration’s...
App to Alert Drivers About Emergency Vehicles Being Tested in Michigan
Nov 30 2015 // Cory Hohs’ idea was inspired by a close call with a Chicago fire truck on his motorcycle, but his new app, which warns drivers to the presence of emergency vehicle traffic, is being tested first in Grand Rapids,...
A Conversation on Innovation and the Industry’s Future with ACORD’s Hartnett
Nov 9 2015 // There are not many insurance executives who will quote inventor Thomas Edison, Microsoft’s Steve Baumer, futurist Alvin Toffler, Moore’s Law and philosophers Aristotle and Plato. There are also not many people...
ACORD Names 2 Insurance Innovation Challenge Winners: Livegenic, Insurity
Nov 5 2015 // A technology that gives claimants more control of the claims process and another that makes data conversion easier for insurers have been named winners of the 2015 ACORD Insurance Innovation Challenge. ACORD, the insurance...
High-Tech Weather Forecasters Still Rely on Old-Fashioned Balloons
Oct 29 2015 // When the latest computer forecast models couldn’t figure out where major Hurricane Joaquin was headed earlier this month, the National Weather Service ordered extra launches of one of its oldest tools — the...
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Unlike Uber, On-Demand Office Service Cleans Up with Employees
Oct 16 2015 // It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to...
New Car Safety Features Can Be ‘Turn-Off’ for Confused Drivers
Oct 9 2015 // Many Americans buying new cars these days are baffled by a torrent of new safety technology. Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Oct 5 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
U.S. Missing Life-Saving Opportunity of Driver Assistance Technologies
Sep 30 2015 // New auto safety technologies such as automatic braking and sensors that keep a car in its lane could prevent almost 10,000 U.S. road deaths a year and save $251 billion if they were more widely available, according to a...
