Innovation
AXA, W.R. Berkley Finance Startups Focused on Cybersecurity Ratings, Digital Coverage
AXA joined a $50 million financing for an information security company that rates companies' cybersecurity readiness. W.R. Berkley Corp. led a $12.5 million funding round for a startup with an ...
Property/Casualty Insurance in the Age of ‘Humane Automation’
Welcome to the age of "humane automation." As organizations ramp up technology investments in search of greater efficiency, a global conversation is emerging around the need to use artificial ...
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 launched Cat4Home, a new hurricane ...
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 ...