artificial intelligence News
Shift Technology Raises $60M to Expand Reach of AI Claims Tech
Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers manage risk ...
Two AI InsurTech Startups Win Zurich Insurance’s First Global Innovation Competition
Two startups focused on artificial intelligence are the big winners of Zurich Insurance Group's first-ever innovation competition. Chisel AI, based in Toronto, is the Gold winner in the Zurich ...
Workers Comp Is Ongoing Target for Technology Investments: Fitch Ratings
Workers compensation insurers are ongoing targets for technology investments designed to keep the sector competitive and boost performance. Without it, market consolidation is likely, Fitch Ratings ...
InsurTech MGA Clearcover Pulls in $43M Series B; American Family Among Investors
American Family Insurance joined onto a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicaco, ...
A New Way to Fight Cyber Attacks: Artificial Intelligence
Last year, Microsoft Corp.'s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company's administrators, who usually logs on from New York, ...
Carriers Will Increasingly Turn to the Cloud in 2019: Deloitte Prediction
Insurers are poised to increasingly embrace the cloud and related technologies in 2019, according to predictions Deloitte makes in a new report. Deloitte argues that for the insurance industry, an ...
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Political Risk on the Rise: Risk Management in the Age of Artificial Intelligence
While the work of risk management has changed dramatically over the past decade, plan for the pace of change to get more and more frenetic as artificial intelligence takes hold in the operations of ...
Write Here, Right Now: How AI Can Amplify Your Business Results
Here's something we typically hear from frustrated underwriting managers:• "We bind around 12 percent of our submissions, but our underwriters review 100 percent of ...