Innovation News
A Boss Can Improve Efficiency Relying on Rivals and Even (Healthy) Conflict
Squandered work time can be expensive for companies, to the tune of $15.5 million on average, according to researchers from the Kellogg School of Management at Northwestern University and Ohio State. ...
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 ...
Digital Innovation, Personal Service Can Help Agents and Brokers Keep Wealthy Clients
The global high-net-worth individual (HNWI) population has increased by 5 percent so far in 2016 to 16.6 million, with total global HNWI wealth increasing by 4 percent to $58.7 trillion, according to ...
Driverless Taxis Poised to be Transformational for Mass Transit
Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford's assembly line first flooded streets with cars. The ...
Root Debuts; Carrier’s Smartphone App Helps Good Drivers Get Cheaper Rates
Root officially debuts in the U.S. market on Oct. 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer's smartphone to deliver what it says will be significantly ...
EverQuote, a Rising Insurance Matchmaker, Raises $23M Series B
Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic ...
InsurTech Founders Are Often Not Insurance Industry Veterans
As InsurTech companies increase in number and scope, the P/C industry may be surprised about one thing: only a small number of founders may actually be insurance industry veterans. So says, Tim ...
Insurers Risk Plenty by Keeping Their Technology Budgets Static: Novarica
Insurers' technology budgets remain flat in an age of disruption and technology - a risky move in the face of increased rivalry from tech-enabled upstart competitors, consulting firm Novarica said in ...