Technology/Science
Insurers: Ignore the FinTech Revolution at Your Long-Term Peril
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by ...
Allianz Believes Blockchain Tech Will Spur Catastrophe Bond Trading
German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to ...
New .Insurance Domain Names Are Now Available
The Internet domain extension reserved for the global insurance industry—.insurance—became available last night. The new extension means an independent agency at BagadonutsInsuranceAgency.com ...
Predictive Analytics Can Aid Wayward Workers Comp Claims
High complexity claims account for the majority of dollars spent in workers compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, ...
Erie Insurance Tests Google Glass as Underwriting Workforce Efficiency Tool
Erie Insurance is testing the use of Google Glass in a bid to boost workforce efficiency, something it says will be crucial as waves of baby boomers retire from the industry over the next few years. ...
Need for Pilots Holding Back Flying-Car Dreams
The key to making effective flying cars is eliminating the need for a human pilot, according to Nathan Myhrvold, the co-founder and chief executive of Intellectual Ventures. "The problem with flying ...
Soft Market Remains Top Reinsurance Industry Worry: Xuber Survey
Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining ...
CSC Insurance-Telematics Offering Will Have Outsourcing Option
CSC is unveiling a new telematics-based auto insurance technology offering, promising carriers the option of outsourcing the service or blending it into their own system. The Virginia-based provider ...