Innovation News
Auto Insurance Startup Root Expands, Links With Lyft on Car Rental Alternative
Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an ...
Trōv Founder Walchek: 7 Tips for Startups Partnering With Incumbent Insurers
Trōv is a tech startup that's introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone. We've had to reinvent the insurance ...
Three Essentials for Innovation
All companies must innovate or risk getting "stuck in a zero-sum game, in which their gain can only be another's loss," says strategy and innovation consultant Ken Favaro in a new article for PwC's ...
It Can Take a Movement to Transform Company Culture
Property/casualty insurers often talk about the need to transform their companies into a culture unafraid to embrace change that's also able to develop new ideas beneficial for their peers and ...
A Pop-Up Lab Project: The Washington State Transit Insurance Pool Example
"On many of our projects, we work with tech startups and our clients," said Wendi Bukowitz, Innovation Lab leader at Munich Re, US. "We work with tech startups because the future of risk management ...
Autonomous Cargo Ships May Be Coming. What Are the Risks?
BHP Billiton Ltd., the world's biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may ...
Markel Combines Wholesale and Global Arms Into Single Unit, With Efficiency in Mind
Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines ...
A Reassuring Message About the Transition to Driverless Cars
The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, ...