Innovation
Willis Towers Watson Partnering With Roost to Form Home Telematics Testing Consortium
Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart ...
Want to Innovate? Empower Low-Level Employees, NYIT Research Says
Companies that can quickly respond to external changes are more likely to achieve long-term success, and by this measure, small firms excel. New research by New York Institute of Technology (NYIT) ...
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. ...
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 ...
The Latest Launches From Beazley and Ironshore
Beazley will underwrite new coverage that helps cover administrative burden and fees involved with processing ticket refunds for attendees who can't attend an event that is otherwise being held as ...
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 ...
Innovation in Risk Modeling: How to Build a Plane While Flying It
When my partner, Vivek Basrur, and I started Karen Clark & Co. (KCC), we had no intention of building catastrophe models again. In fact, that's the one thing we said we wouldn't do. But after a ...
A ‘Textalyzer’ May be One Possible Way to Fight Distracted Driving
Ben Lieberman just wanted to find out what may have caused the head-on collision that killed his 19-year-old son, Evan, on a highway north of New York City. It took a lawsuit and six months in court ...