CTO / Technology
Ageas Now Relies on Artificial Intelligence to Manage Motor Claims
Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims, thanks to a new partnership with AI specialist Tractable. In what it describes as a first for the UK ...
Autonomous Vehicles Will Provide Significant Short-Term Gains for U.S. Auto Insurers
U.S. property/casualty insurance carriers could see significant short-term financial gains from insuring autonomous vehicles before likely long-term personal auto premium declines after the ...
Travelers Is Training Dozens of Its Claims Professionals to Operate Drones
Travelers' Claim University, founded in 2007, is working to change the way its claims professionals do business through the use of drones to assist in property inspection and claims analysis. The ...
Considering Core Replacement? Save Your Dollars; You Will Need Them Very Soon
Many insurers are considering replacing their core system as their next big IT endeavor. Unfortunately, despite the best of intentions, this is a regressive move that will set them ...
Artificial Intelligence Is Helping Zurich Insurance With Personal Injury Claims
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 ...
Post-WannaCry Risks: Lawsuits Over Lax Cyber Attack Protection
Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp. ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
AIG, Hamilton, Two Sigma Sign Agreement to Expand Data-Driven Underwriting
American International Group, Hamilton Insurance and an independent affiliate of Two Sigma Investments signed a multifaceted agreement with an eye on boosting their use of data-driven underwriting on ...