Technology/Science
Willis Re Upgrades Its Cyber Portfolio Management Tool
Willis Re, the reinsurance division of Willis Towers Watson, has launched the next generation of its cyber risk portfolio modeling tool PRISM-Re. PRISM-Re was first released in February 2015 to help ...
Generali and Progressive Will Jointly Pursue Telematics Research
Europe's The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development ...
Uber-Like Video Service Lets Adjusters Assess Damage from Their Desks
A new service promises to provide insurance claims adjusters with videos of losses without them ever having to leave their desks. The videos would be supplied by an Uber-like network of smartphone ...
Mercedes Equips Electronic Van With Delivery Drones
Mercedes-Benz is looking at mounting automated flying drones onto a new line of electric vans as part of a 500 million-euro ($562 million) investment aimed at speeding delivery times for online ...
Allianz InsurTech Incubator Names Startup Vet as New CEO
Allianz X, a revamped division of Allianz focused on developing new InsurTech concepts and companies, has turned to a telecom industry startup expert as its new CEO. Peter Borchers is slated to ...
European Aviation Industry Urges Stricter Drone Regulations
Aviation associations representing airlines, pilots and airports across Europe called on Monday for mandatory registration and training of drone users following a number of near-misses between the ...
The Mathematics of Earthquakes: Student Applies Financial Model to Seismic Data
A computational science doctoral student at the University of Texas at El Paso has successfully tied a new mathematical modeling process to the study of earthquakes. "The model that we applied to the ...
Battery Combustion Risk Forces Recall of Samsung Galaxy 7 Smartphones
Samsung Electronics Co. recalled its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement program, days before archrival Apple Inc. is set to unveil its newest ...