CTO / Technology
Guidewire’s Q3 Net Losses Spiked, But Revenue Soars as Acquisitions Absorbed
Guidewire Software Inc. grew revenue and concluded a major acquisition in its 2017 fiscal third quarter, but losses spiked. The California-based insurance software operation booked more than $1.8 ...
New Consumer Tech Drives Opportunities for Novel Personal Insurance Products: Conning
Innovation often opens the door to new products that would never have been possible. Conning asserts in a new report that this is happening with personal lines insurance, thanks to consumers' ...
What Warren Buffett Said About AI
There will be labor force "roadkill" that comes alongside the substantial benefits that society derives from the rising use of artificial intelligence, Berkshire Hathaway's Chairman Warren Buffett ...
Berkshire Hathaway’s Gen Re Helps Launch Innovation/Technology Collaborative in Germany
Berkshire Hathaway's Gen Re is among insurers who recently helped found InsurLab Germany, a collaborative designed to foster new technologies and innovation in the industry. The initiative formally ...
AI Will Transform Insurance Industry, Execs Say: Accenture Report
Three-quarters of insurance executives believe that artificial intelligence will transform the overall industry within three years, although a slightly lower percentage foresee significant changes ...
A Brave New World: First Reinsurance Product Heads to the Blockchain
There has been a lot of press—and perhaps hype—about blockchain and its potential to revolutionize the industry's processes and ultimately improve the customer experience. However, the efforts of ...
Munich Re, Aviva Ventures Invest in UK Connected Home InsurTech Neos
Neos, a UK connected home insurer, announced last week that it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. ...
A Reassuring Message About the Transition to Driverless Cars
The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, ...