Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
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...
How Autonomous Vehicles Will Grow Auto Insurance Before Shrinking It
May 19 2017 // Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the insurance industry over the next eight years, according to a report from Accenture and Stevens Institute of Technology. These...
New CEO Duperreault Interested in Growing AIG, Not Splitting It
May 16 2017 // American International Group’s President and CEO Brian Duperreault began his first full day in his new job repudiating the idea of splitting the insurer into pieces and simply returning money back to...
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...
Autonomous Vehicle Testing to Begin in New York State
May 15 2017 // New York Governor Andrew M. Cuomo has announced that New York is now accepting applications from companies interested in testing or demonstrating autonomous vehicles on public roads. Included in the fiscal year 2018...
A Risk Pool of One: How Technology Could Make Insurance Obsolete
May 15 2017 // Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April 26-27 in...
Tech Talk: How to Use Digital Body Language
May 15 2017 // “When the eyes say one thing, and the tongue another, a practiced man relies on the language of the first.” — Ralph Waldo Emerson Agents pride themselves on their sales skills — to meet a prospect...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
3 Key Activities to Prepare for Autonomous Vehicles
May 10 2017 // This week’s post has been something of a struggle for me. I’ve had to catch up on a lot of terminology and the progress that has been made in the autonomous vehicle world. In way, it has always seemed like...
Will Technology Make Insurance Obsolete?
May 9 2017 // “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
Liberty Specialty Markets Names Chubb’s Gibbs as Chief Technology Officer
May 9 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer. Based in LSM’s London headquarters, Gibbs will report to Nick Metcalf, president...
Insurtech Slice Now Offering Homeshare Insurance in California
May 8 2017 // Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of...
Heavy Rains Cause Flooding in NYC Region, Disrupt Travel
May 8 2017 // Heavy rains caused flooding in New York City and flight delays in the region on Friday. Officials said two tracks at Penn Station were out of service Friday afternoon because of flooding and parts of the West Side Highway,...
Downhole Technology Reaches $120K Settlement in Harassment, Retaliation Suit
May 4 2017 // A Houston manufacturer of hydraulic fracturing (fracking) equipment has agreed to pay a former employee $120,000 and provide other relief to settle a retaliatory discrimination lawsuit brought by the U.S. Equal Employment...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Insurer Group: Illinois Workers’ Comp Bills Would Disrupt Private Market
May 1 2017 // Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require...
The Science Behind Wind Verification Technology
May 1 2017 // This post is part of a series sponsored by CoreLogic. Wind is one of nature’s most difficult hazards to measure, and damage caused from it can go undetected for months. Unlike hail which can be visually seen and,...
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
In Denial Over Disruptive Technologies
May 1 2017 // There’s an apparent lack of awareness among many risk professionals on existing and emerging technologies, including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their...
