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ReinsurTechs Break Through: Reinsurance May Finally Be on InsurTech’s Radar
InsurTech startups targeting the property/casualty insurance industry proliferated in multiple ways over the last few years. Relatively few of them focus on reinsurers, however, and Will Dove has ...
Why Open Source, Blockchain-Powered Infrastructure Matters
I started my career as the first network administrator at the University of California, Davis. Part of my job was to help build the Bay Area Regional Research network, one of 10 National Science ...
Celebrating Great People
My 91-year-old father had been a lonely man since he stopped working just a decade ago. Regularly, he'd ask me to contact friends from his youth or colleagues he'd worked with during the 1950s and ...
2018 Reserves Year in Review: Can Workers Comp Continue to Drive the Gravy Train of Releases?
2018 marked the 13th consecutive year in which the industry saw favorable prior-year reserve development bolstering calendar-year underwriting margins. Total releases for last year came in at over ...
The Impact of New Disbursement Options for Insurers
The way we pay people has been changing rapidly over the last five years. We used to write checks to our babysitters and lawn care specialists, and now we just push money via PayPal or Venmo. We pay ...
Planck Making Strides With Disruption
Elad Tsur, co-founder and CEO of Planck, (previously known as Planck Re), has had a busy year with an eye on disruption. Planck, based in Israel with offices in New York, launched in 2016 hoping to ...
AI, Accuracy and the Pursuit of Perfection
For an industry that, let's face it, isn't known for putting itself at the vanguard of innovation, the pace at which commercial insurance companies are embracing artificial intelligence is ...
The Great Hustle: Protecting Insurers From Fraud
Insurance fraud is as old as the insurance industry itself. Efforts to combat fraudulent insurance schemes can be traced back to the Middle Ages, but the menace still persists centuries later. In the ...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion
Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in value.
The U.S. workers comp ...