CTO / Technology
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, ...
What Is Blockchain and How Does It Work?
While everyone talks about blockchain, also known as mutual distributed ledger technology, just a few people actually know what this technology can do and how it could someday revolutionize the ...
U.S. P/C Q1 2017 Net Underwriting Losses Surpassed $841M
The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry's underwriting loss trend ...
OneBeacon Pilots Uber Driver Injury Protection Coverage in 8 States
An arm of OneBeacon Insurance Group is piloting usage-based driver injury protection insurance for Uber rideshare drivers. The new policy, from OneBeacon Accident and Health, has an initial rollout ...
Toyota, MIT Media Lab Blockchain Partnership Could Help Set Insurance Prices
Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media Lab and five other companies to explore blockchain technology for the ...