Technology/Science
Graphic Insight: Where Disruption Is Coming From; How Will Carriers Respond
Startups and fast-moving insurers adopting digital technologies are disrupting the industry, executives agree. When Willis Towers Watson and Mergermarket surveyed 200 senior level executives in the ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...
Verisk Expands Casualty Analytics Capabilities With UK Acquisition
Verisk Analytics now owns Arium, a British company focused on liability risk modeling and decision support. Neither side disclosed financial terms, but the acquisition is the latest in a series of ...
Lemonade Boasts Claims Settlement Speed Record, AI Jim Answers Questions
Recently, Lemonade reported a claim-handling world record. The insurer reported a claim settlement speed record—three seconds and no paperwork. According to the insurer, a policyholder submitted a ...
Many Insurance Execs View Regulation as a Barrier Toward Adopting Digital Tech
Many insurance industry executives see complex regulatory requirements as the biggest barrier toward adopting digital technology, according to a recent Willis Towers Watson survey finding that 42 ...
Nationwide, Sure Partner to Offer Renters Insurance via App
Nationwide is joining forces with Sure, developer of an on-demand insurance mobile app, to offer consumers the ability to purchase renters insurance on their smartphones as they shop for an apartment ...
Airbus CEO Sees ‘Flying Car’ Prototype by End of Year
Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus ...
Unintended Problems From the Internet of Things and More 2017 Predictions: Marsh
Insurers and customers alike are increasingly embracing the Internet of Things for underwriting purposes and general, daily life. The thing is, greater reliance on this type of technology could ...