Innovation
Commercial Lines Insurers Plan Predictive Modeling Embrace: Willis Towers Watson
Predictive modeling is becoming even more widespread among U.S. property/casualty insurers, with rapid gain likely in the coming years for commercial lines carriers. The big news: Two-thirds of the ...
Forget Driverless Cars. How About a ‘Flying Taxi’?
A Bavarian start-up is developing a five-seat "flying taxi" after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, ...
W.R. Berkley Hires Ex-Goldman Sachs Analyst to Assess Emerging Tech Company Investments
W.R. Berkley Corp. has hired a former Goldman, Sachs & Co. analyst to evaluate potential investments in emerging insurance technology companies. The executive, Michael Nannizzi, will be part of ...
Insurers Are Rapidly Adding ‘Virtual’ Customer Service Tools
Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you'll just as likely end up dealing with a robot as a ...
Time Constraints Can Boost Ingenuity
Constraint can be one of the most powerful forces behind ingenuity—and no constraint is more powerful than time, says Kellogg School's David Schonthal. He offers four suggestions for how innovators ...
Commercial Lines InsurTechs Ask Kodiak, Bold Penguin Collaborating
Ask Kodiak, a cloud-based coverage search platform provided, announced Tuesday that its search capabilities related to carrier appetite, eligibility and product highlights have been integrated with ...
Robot Surveillance Tech Could Aid Hurricane Damage Assessment, Other Risky Tasks
Cornell University researchers are developing a system to enable teams of robots to share information as they move around, and if necessary, interpret what they see. This would allow the robots to ...
Scientists Predict Nearing ‘Aha Moments’ with Eye-Tracking Tech
Everybody loves those rare "aha moments" where you suddenly and unexpectedly solve a difficult problem or understand something that had previously perplexed you. But until now, researchers had not ...