Risk
EU Asks Several Aon Rivals Which One Should Buy Assets in Aon-Willis M&A Deal
EU antitrust regulators are asking Aon rivals and customers who is the best buyer for assets the insurance broker has offered to sell to address competition concerns about its $30 billion Willis ...
Insurance Fraud Bureau, Shift Technology to Develop AI-Based Fraud Detection System
The Insurance Fraud Bureau and Shift Technology will partner on developing a new fraud detection system for the UK insurance sector. Expectations are that the new platform will be in play by early ...
American Family Spinout Arturo Raises $25M to Expand AI-Driven Predictive Analytics Platform
American Family Insurance spinout Arturo pulled in $25 million in venture financing – a big boost to the company's AI-driven, property-centric predictive analytics platform. "A deeper property ...
Three Senators Want to Create Mandatory Driver Monitoring Systems
Three Democratic U.S. senators on Monday said they are introducing legislation that would require U.S. regulators to mandate installation of driver-monitoring systems to ensure motorists pay ...
Europe’s Digital Health Pass Plans Confront Data Security and Fraud Risks
As Europe races to set up a digital health pass scheme to save the holiday season from the pandemic, technical and political obstacles are showing just how big a challenge the world faces in building ...
Auto Insurance MGA Focused on Underserved Populations Raises Seed Funding
A startup managing general agency designed to give underserved populations affordable access to auto insurance has raised seed funding to help it launch an initial product. Sigo pulled in $1.5 ...
Facial Recognition Tech Should Be Banned: EU Privacy Watchdog
Facial recognition should be banned in Europe because of its "deep and non-democratic intrusion" into people's private lives, EU privacy watchdog the European Data Protection Supervisor (EDPS) said ...
Business Travelers Eager to Fly Again, With Focus on Extra Precautions: Chubb Survey
Business travelers are itching to travel again for work and life, but most remain concerned at the same time about contracting COVID-19 and favor extra precautions, according to a new global survey ...