Technology/Science
U.S. Cyber Insurance Prices Dipped in Q1 as Capacity, Competition Grew: Marsh
Average U.S. cyber insurance prices dipped 1.7 percent in the 2018 first quarter, Marsh said in its Global Insurance Market Index for the quarter. This is the fourth time a decrease has happened in ...
Hackers Target Mexico Banks; $15M Reportedly Siphoned From Five Companies
Mexico's central bank said on Wednesday that a cyberattack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had ...
MGA Boost Insurance Secures Reinsurance Facility to Back Its InsurTech Development Platform
Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B InsurTech development platform. Nephila is leading the facility with participation from Markel Digital, the ...
Artificial Intelligence Takes On Policy Form Development
Artificial intelligence (AI), which has made its mark in insurance in efforts to automate underwriting, rating, and claims adjusting, is now being deployed to read, categorize, and even modify the ...
Eyes Wide Open: Biometrics, Blockchain Create New Challenges
A retail store's ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn't ...
AI Could Boost Insurer Revenue and Jobs, But Resistance to Change Remains: Accenture
Artificial intelligence could create significant boost for insurers in both revenue and employment, but they risk missing out if they don't switch soon, according to a recent Accenture report. That ...
At-Bay Secures $13M Financing; Money Will Fuel Launch of Cyber Insurance Products, Services
At-Bay pulled in a $13 million round of new funding. Plans call for using the cash infusion to propel a debut of its cyber insurance products and quicken development of a proactive cybersecurity ...
Nationwide Makes Strategic Investment in InsurTech Startup Betterview
Nationwide said its venture arm has made a strategic investment in Betterview, a machine learning InsurTech startup that focuses on capturing and analyzing data from drones, satellite and other ...