Technology/Science
Sharing Economy, New Technology Pose Challenges for Insurers
Emerging risks associated with the sharing economy and new technology pose new challenges for insurers, according to members of the International Association of Claim Professionals (IACP) who sat ...
Cyber Risk Management Essential Even Though Security Can’t Be Foolproof
No company is fully secure from cyber breaches, no matter how sophisticated its cyber defense mechanisms, which is why every company should develop a cyber risk management strategy, according Marsh ...
IoT May Be Factor in Soaring Cyber Attacks on Chinese Firms
Cyber attacks on Chinese companies have soared in the past two years, according to a survey, with new technologies that connect household items to the internet and allow them to receive and send data ...
InsurTech Startups Attract Growing List of Traditional Insurer Partners
Listening to Andrew Rear talk about insurers, you wouldn't think he works for one that's been around for 136 years. The 46-year-old head of Munich Re's Digital Partners unit has said the industry is ...
S&P Prediction: InsurTech Will Become Part of Traditional Insurance Landscape
InsurTech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor's said in a new ...
Small Business Cyber Risk Awareness Rises: Zurich Survey
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized ...
Advanced Weather Satellite Launches Promising Revolution in Hurricane, Tornado Forecasts
The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This new GOES-R spacecraft will track ...
Small Biz Insurance Site CoverWallet Pulls In $7.8M in Funding, Adds Ermilio as President
Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. ...