artificial intelligence (AI) News

AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck

Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America. Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of information management at American International Group (AIG), which …

Marsh Joins with Insurtech Firm Concirrus to Drive Behavioral Analytics in Marine Market

Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive the use of behavioral data in the global marine …

Softbank Plans Big Push into Insurance Investments

Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In …

It’s Not Easy to Teach Robot Drivers to Think Like Humans

Robot cars make for annoying drivers. Relative to human motorists, the driverless vehicles now undergoing testing on public roads are overly cautious, maddeningly slow, and prone to abrupt halts or bizarre paralysis caused by bikers, joggers, crosswalks or anything else …

Singapore’s Changi Airport Tests Terminal Run by Robots, Not Humans

Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi Airport, voted the world’s best for the past six years by Skytrax, is pursuing that …

Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey

A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated entities. More than 80 percent of survey respondents said …

Will Robots Take Your Job? It Depends on Where You Live: OECD

Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the …

New AI Programs Can Learn How to Beat Best Cyber Defenses

The nightmare scenario for computer security – artificial intelligence programs that can learn how to evade even the best defenses – may already have arrived. That warning from security researchers is driven home by a team from IBM Corp. who …

NTT DATA UK to Provide Robotics Services for TMK’s Marine Transactions

NTT DATA UK, a Tokyo-based consulting and IT services provider, announced it has entered into a partnership to provide robotics services to Tokio Marine Kiln (TMK). NTT DATA UK’s Cargo 10 Virtual Worker is the first of several planned Robotic …

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …