CTO / Technology
Two European AI Specialists Partner to Offer Claims, Fraud Detection Services
FRISS' digitization of unstructured documents helps in the risk assessment of policy documents and claims statements, while data extracted by omni:us can be used for fraud detection in claims and ...
U.S. Cyber Premiums Slowed to 10 Percent Increase in 2018: Aon
U.S. cyber insurance premiums grew 10 percent in 2018 and 14 additional players began offering coverage in the sector, Aon reported in its latest study of the sector. Aon found that 184 U.S. insurers ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Carrier Alert: InsurTechs Pose Third-Party Vendor Security Risks
The InsurTech movement has and continues to drastically change the landscape of insurance. Established carriers are partnering with emerging tech innovators on everything from robotic process ...
MGA InsurTech Getsafe Lands $17M Financing to Fuel European Expansion
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe's new money will help propel an expansion ...
Carrier/InsurTech Partnerships Offer Short-Term Benefits: J.D. Power Expert
Carriers seeking to build up their InsurTech capacity face a number of choices to get there—some quite pricey. In the short term, partnerships may be the most cost-effective and least risky way to ...
Carriers, Lacking Resourcefulness, Increasingly Seek InsurTech Partnerships to Boost Digital Capacity
Carries seeking to boost their digital capacity for customer services will increasingly seek InsurTech partnerships to get the job done, predicts J.D. Power's 2019 Insurance Digital Experience study. ...
Systems Integration: Leave Patchwork Solutions Behind
One of the biggest challenges property and casualty insurers face today centers on the functionality of their legacy systems, which weren't built to align or integrate with other platforms, external ...