Innovation
InsurTech M&A: Coalition, Xceedance and Insurity
Coalition acquired a company focused on scanning and cybersecurity. Xceedance bought an outfit centered around insurance operations and technology services. Insurity, Inc. snatched up a company that ...
AI Will Produce a More Profound Change Than Fire: Google CEO
Google's chief executive officer has left no doubt about how important he thinks artificial intelligence will be to humanity. "AI is one of the most profound things we're working on as humanity. It's ...
What Insurance Executives Should Know about AM Best’s Innovation Assessments
In August 2018, AM Best surveyed its universe of rated entities to gauge where the insurance industry stands as a whole with regard to innovation. Although we received a wide range of responses to ...
Dowling Highlights Regulatory Battle Over AI Bias; Lemonade Ready
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into "one of the biggest topics of the next 10 years," a ...
Virtual Currency Firm Gemini Launches In-House Insurer to Boost Crypto Asset Cover
U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost coverage against theft of crypto assets. Gemini's new in-house insurer, ...
The Latest Launches From Sompo/Slice Labs and FRISS/Snapsheet
Sompo Holdings and Slice Labs are partnering on a product in Thailand. FRISS will be working with Snapsheet to provide technology designed to enhance the claims process. *** A division of Japanese ...
Hiscox and CyberCube Form a Partnership Deal
Hiscox plans to use technology developed by cyber risk analytics company CyberCube to generate better insight into potential systemic cyber risk. The partnership deal gives Hiscox access to ...
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...