Technology/Science
Blockchain Gives Life to a 300-Year-Old Idea
Blockchain technology is actually a new way to pursue an insurance distribution system that existed 300 years ago, an expert at Willis Towers Watson said. "This works like the way we used to do ...
Single Number Cyber Risk Score Could Help Carriers Craft More Precise Cover
The rapidly emerging and evolving world of cyber risk poses a paradox for property/casualty insurers, according to two panelists addressing "Risk Selection in Cyber Insurance" at the Casualty ...
RMS, Symantec, HP Vets Launch New Cyber Risk Modeling Startup
A new cyber risk analytics firm has made its public debut. CyberCube Analytics relies on technology developed by Symantec Corp. plus investment from Trident Capital Cyber Security, a $300 million ...
Europe Emerging as InsurTech Investment Hub: Accenture
Global investment in the insurance technology industry surged in 2017, with Europe emerging as a new hub outside the U.S., according to new research from Accenture. The research, which includes new ...
Next Insurance Touts New Online Certificate of Insurance Verification Option
Next Insurance is touting a new online option that it said can help small businesses and their customers verify a certificate of insurance in real time. The California-based provider of digital small ...
Toyota Stops Autonomous Car Tests, Worried About Emotional Impact to Human Safety Drivers
Toyota Motor Corp. halted tests of its "Chauffeur" autonomous driving system on U.S. public roads after an Uber Technologies Inc. vehicle operating in autonomous mode under the supervision of a human ...
For Many Carriers, IoT Remains an Untapped Data-Gathering Tool
Most insurance carriers lack a strategy to capitalize on data generated by the Internet of Things (IoT), even as they realize the importance of having one. Making matters worse, a majority lack ...
Uber Crash Realizes Fears of Driverless Cars’ Risks and Liabilities
Last week, Waymo showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. The message: Driverless cars are so safe, they're boring. The clip ...