artificial intelligence News

Modernization on the Mind of Texas Insurance Commissioner

Note: This is the first of a three-part series resulting from a conversation with Texas Insurance Commissioner Kent Sullivan. Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was …

AI Enhances Highway Safety in Las Vegas

Artificial intelligence is helping improve safety along a stretch of Las Vegas’ busiest highway. The Nevada Highway Patrol says a yearlong partnership between public safety agencies and a startup technology firm resulted in a 17 percent reduction in crashes along …

Lemonade Enters Pennsylvania, Washington D.C. in National Expansion

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, has launched in both Pennsylvania and Washington D.C. It announced the expansion on social media. These mark the sixth and seventh states in which the company currently offers renters, …

Lemonade Launches in New Jersey, Marks Fourth State in National Expansion

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout New Jersey, marking the fourth state in its nationwide expansion strategy. Residents of New Jersey can now buy homeowners and renters insurance at lemonade.com or …

Grand Theft Auto Video Game Teaches Autonomous Cars How to Drive

In the race to the autonomous revolution, developers have realized there aren’t enough hours in a day to clock the real-world miles needed to teach cars how to drive themselves. Which is why Grand Theft Auto V is in the …

Technology Is Ultimate Savior of Insurance Industry: Opinion

Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …

China’s Fintech Investments in 2017 May Exceed 2016’s Record $10B: Accenture

Chinese financial-technology investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services, according to Accenture Plc. The country’s financial-services giants will probably ramp up investments in …

Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report

Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most insurtech investments likely will focus on …

IBM Sees Advantage in Client Owning Watson-Generated Knowledge

IBM Chief Executive Officer Ginni Rometty sees proprietary data combined with artificial intelligence technology as the competitive advantage for companies going forward. When International Business Machines Corp. works with clients, it trains a unique version of its artificial intelligence technology, …

SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions

On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp. founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions. The Japanese telecommunications and internet corporation said on …