Innovation
The Latest Launches From Zurich and Everest Insurance
Zurich has a new hurricane deductible buy-back program. Everest Insurance expanded its workers compensation capabilities for the marine industry.***
Zurich has ...
Two European AI Specialists Partner to Offer Claims, Fraud Detection Services
FRISS' digitization of unstructured documents helps in the risk assessment of policy documents and claims statements, while data extracted by omni:us can be used for fraud detection in claims and ...
The UK’s Legal & General Teams With Amazon on First Pensions Blockchain Deal
British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals. The insurer said it would use a managed blockchain ...
For Legacy Carriers, It’s About Technology With a ‘Human Touch’
The digital transformation of the insurance industry isn't just for InsurTech startups any more. At Allstate, 60 percent of claims are now filed with a cell phone application that allows ...
Ironshore’s IronPro Introduces Two-Term Policy Endorsement for Small Businesses
IronPro, the professional liability unit of Ironshore, has introduced a two-term policy endorsement for its miscellaneous professional liability (MPL) product for small business accounts. The MPL ...
MGA InsurTech Getsafe Lands $17M Financing to Fuel European Expansion
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe's new money will help propel an expansion ...
Carrier/InsurTech Partnerships Offer Short-Term Benefits: J.D. Power Expert
Carriers seeking to build up their InsurTech capacity face a number of choices to get there—some quite pricey. In the short term, partnerships may be the most cost-effective and least risky way to ...
New Products: Analyzing IoT data and Auto-Declining Submissions
Octo Telematics and analytics firm SAS will partner to boost property/casualty insurer use of Internet of Thing-related technology. Chisel recently unveiled a product designed to help commercial ...