Innovation
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
The Latest Launches From Starr and Travelers
A division of Starr Insurance Companies debuted a distribution channel to sell coverage that benefits small federal government contractors. Many customers for The Travelers Companies Inc. will now be ...
11 InsurTech Startups Join Lloyd’s Innovation Accelerator Program
Eleven new InsurTech startups are joining Lloyd's of London's innovation accelerator program. More than 130 applications came in from across the world for the third cohort of the Lloyd's Lab, its ...
The Latest Launches From Tokio Marine HCC and Chubb
Tokio Marine HCC formed a new subsidiary in Mexico designed to help address customers' surety needs in Mexico. Chubb launched specialized coverage designed to address unique exposures that impact ...
The Latest Launches From MGAguard and Sompo International Holdings Ltd.
A division of Sompo International Holdings Ltd formed a partnership that allows it to offer its insurance products and services to golf courses and country clubs. A new technology-enabled MGA ...
InsurTech Investment Remained High in a Robust Q2: Willis Towers Watson
InsurTech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, ...
The Details on Arturo, a Deep-Learning Property Analytics Startup Actively Seeking Financing
Arturo's emergence was a bit atypical in terms of how the birth of an InsurTech has typically gone. Rather than beginning life as a pure play standalone startup, Arturo spun out of American Family ...