Innovation News
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
One Regulatory Barrier Solved in the Quest for Flying Drone Taxis
On-demand robotic flying taxis and drone deliveries are years away from reality, but the U.S. Department of Transportation has removed at least one barrier to their operation. Responding to work by ...
UPDATED: Genetic Testing and Insurance Are Increasingly Intertwined
Can consumers and insurers come to a consensus about the appropriate role of genetic testing in insurance underwriting? That was the central question addressed by Anya Prince, associate professor at ...
Beazley Unveils Digital Insurance Weather Policy That Relies on ‘Plain English’
Specialist insurer Beazley launched a digital insurance policy in the U.S. that can be customized and describes in plain English precisely what coverage the customer has bought. Beazley Weather Guard ...
CapSpecialty Debuts a New, Super-Speedy, Cloud-Based Platform for Brokers
CapSpecialty is bringing some InsurTech sensibilities to the brokers with whom it works. It recently debuted a cloud-based platform designed to drastically simplify how brokers serve small and ...
WorkFusion Raises $50M; Process Automation Software Can Modernize Insurance Claims
Process automation software company WorkFusion raised a $50 million financing to help expand its global operations. WorkFusion's technology automates high-volume processes by combining artificial ...
MGAs Are Increasingly Taking on Carrier Business Practices
Among the most profound changes in commercial insurance over the past decade has been the growing role of managing general agencies (MGAs) as measured by premium volume and by the growing scope of ...