Innovation
InsurTechs vs. Incumbents: Trends to Watch
Panelists speaking at a recent Carrier Management Virtual Roundtable agreed that InsurTechs are sprinting ahead of insurance industry incumbents on the innovation spectrum but said that investments ...
A Carrier Management Special Event: Is Insurance Innovation Overrated?
Leaders working in property/casualty insurance and reinsurance agree that innovation is a business imperative for their firms, but each define the term slightly differently, and they say metrics to ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...
Insurance Industry Ripe for Human-Centered Innovation
The key to innovation in the insurance industry is "outside-in" thinking, according to an executive from Nationwide, who uses the term to reinforce the idea that customer-centric mindsets are the ...
InsurTech Blink Launches Non-Damage Business Interruption Parametric Product
Irish InsurTech Blink has started marketing a hurricane non-damage parametric insurance product designed to provide liquidity to small and medium-sized businesses after a natural disaster. Called ...
Betting on Breakthrough Innovation: Shoot for the Moon
While it is often easier for P/C insurance and reinsurance executives to rally around incremental innovations, in order to really transform their organizations they need to fund some moonshots, ...
General Motors Debuts Usage-Based Auto Insurance Supported by OnStar Vehicle Data
General Motors Co on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated ...
The Latest Launches From The Hanover and AXA XL
The Hanover Insurance Group and Carpe Data are expanding a claims processing partnership. AXA XL's North America Construction arm formed a strategic partnership with Safe Drive Systems, a developer ...