Technology/Science
U.S. P/C Insurers Have Huge Data/Analytics Plans; Limited Understanding a Challenge: Willis Towers Watson
Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new ...
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
The Latest Launches From RMS and Marsh/Validus Specialty
RMS unveiled a new catastrophe model designed to address earthquake and tsunami risks in Japan. Marsh and Validus Specialty launched a new insurance product designed to manage U.S.-based fintech ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
One Regulatory Barrier Solved in the Quest for Flying Drone Taxis
On-demand robotic flying taxis and drone deliveries are years away from reality, but the U.S. Department of Transportation has removed at least one barrier to their operation. Responding to work by ...
Beazley, Lloyd’s Broker Bitfury Will Build Crisis Registry Centered Around Blockchain
Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The ...
UPDATED: Genetic Testing and Insurance Are Increasingly Intertwined
Can consumers and insurers come to a consensus about the appropriate role of genetic testing in insurance underwriting? That was the central question addressed by Anya Prince, associate professor at ...