Internet News

It Is Time for Insurers to Meet Needs of Tech Driven Businesses

To describe the past couple of years as tumultuous is something of an understatement. The global pandemic overlaid with hard market conditions in many insurance classes has kept many in our industry awake at night. The pandemic undoubtedly helped accelerate …

Independent Agents Can Access Tech Training, Tools with Catalyit

Independent agent associations in seven states have teamed up with the technology company Catalyit to help agencies assess and improve their use of data and technological innovations in the insurance arena. “Every day, agents reach out to FAIA with questions, …

Changing Role of Technology in Distribution Management

This post is part of a series sponsored by AgentSync. The U.S. insurance industry is heavily regulated. That’s no shock to anyone working in the industry. Everything from producer licensing to commission payouts comes with a whole set of regulatory …

Welcome to the First Edition of Insuring Cyber

Welcome to the first edition of Insuring Cyber, Insurance Journal’s bi-weekly emailed newsletter for industry professionals wanting to stay informed about the world of cyber. Cyber insurance has been an evolving area of the insurance industry as technology and the …

Would You Put Your Newborn in A Self Driving Car?

I have anxiety about the movement toward self driving cars. I’ve challenged myself to be forward thinking and familiarize myself with the technology and enhanced safety it promises to bring. I understand that we are becoming an increasingly distracted society …

Multi-Award Winning Telematics Innovator, The Floow, Opens First US Office

Sheffield, UK, September 7, 2017- UK based telematics innovator, The Floow, has announced the opening of its first US office in Detroit as it brings its industry leading approach to capturing and analysing mobility data to North America, the largest …

Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations

When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …

UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims

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 said the technology is now …

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports directly to Thomas Buberl, CEO …