CTO / Technology
The Latest Launches From Berkley One, Openly and AXA XL
W.R. Berkley Corp.'s Berkley One expanded into Maryland and broadened its product offerings in other states where it does business. Openly, an InsurTech MGA focused on high-end homeowners insurance, ...
InsurTech Archipelago Pulls in $34M for AI Risk Platform Expansion
Archipelago raised $34 million in new financing from multiple investors, with plans to use the money for further expansion of its operations and technology – a risk data platform with artificial ...
Insurify Joins Toyota in Embedded Insurance Space, and Other Product News
Insurify is teaming with Toyota to help its car-buyers comparison shop for coverage, a first entry for the company into the embedded insurance space. Lexis Nexis Risk Solutions is launching a product ...
EU Will Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of ...
COVID Shutdowns Drive Demand Surge for Allstate’s Pay-Per-Mile Insurance
The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise ...
Property/Casualty Insurers’ Technology Goals for 2021
The onset and continuation of the COVID-19 pandemic made everyone—property/casualty insurers included—respond quickly and reevaluate their priorities. Now, as global premiums rebound, insurers ...
InsurTech Summit Preview: Post-Pandemic InsurTech Usage Is at a ‘Leap Forward Moment’
Property/casualty insurers have talked for years about the need to modernize and embrace technology in order to serve their customers better. COVID-19 came along and rapidly quickened the process, ...
Insurance Is on GM’s Growing List of Side Ventures
Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer's Global Innovation team is looking for new enterprises to expand the automaker's sources of revenue well ...