It’s Not Just Factories Turning to Automation to Stem Wage Growth, Boost Earnings October 23, 2019 By David Randall U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in...
Insurtech FRISS and Munich Re Extend Partnership to Support Insurers Fighting Fraud October 8, 2019 FRISS, the insurtech provider of AI-powered anti-fraud solutions for the P&C insurance industry, has extended its partnership with Munich Re...
AI Specialist omni:us Awarded €1.6M from EU to Enhance AI-Powered Claims Platform September 26, 2019 Artificial intelligence provider, omni:us has been awarded €1.6 million ($1.8 million) from the European Commission* to help it further develop...
Cyber Risk Modeling Company Kovrr Raises $5.5 Million September 12, 2019 Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round. The funding round was led...
Crying Robots Aside, Insurance Industry Shouldn’t Fear Artificial Intelligence: Viewpoint August 22, 2019 By Brandyn Campbell In a viral State Farm commercial, Oscar Nunez, playing the role of a friendly, helpful insurance agent, disparages any insurance...
AI-Underwritten Insurance Premiums to Go From $1.3B to $20B Globally by 2024: Juniper August 19, 2019 The value of global insurance premiums underwritten by artificial intelligence will exceed $20 billion by 2024, up from an estimated...
With Smarter, Joined-Up Pricing, There’s No Such Thing as a Bad Risk: Viewpoint August 14, 2019 By Mark Eastham It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion August 8, 2019 By Rupin Mago Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in...
Artificial Intelligence Helps to Contain Wildfires, Predict Wild Weather August 5, 2019 By Brian K. Sullivan On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire. Only these...
Insurance AI Firm RiskGenius Reports Additional Financing July 17, 2019 RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B...