IT News
Generative AI Can Boost Insurance Industry Fraud Detection, Customer Service
Strategic implementation of generative AI can be a significant differentiator for stakeholders in the insurance industry, according to new research by Info-Tech Research Group. Without a ...
Bogged by Legacy Systems, Insurers Lose Competitive Edge
New research highlights the urgency for insurance companies to shift from complex, costly legacy systems burdened with outdated technology to modern systems to remain competitive in the current ...
Technology and Tariffs: Chubb CEO Greenberg Sounds Off
To carriers seeking to modernize and digitize, Chubb CEO Evan Greenberg has this to say: It's all about scale. Greenberg, speaking during the company's 2018 second quarter earnings call on July 26, ...
Aspen Launches $160M Cost-Saving Program After Money-Losing Q3; Job Cuts Likely
Aspen Insurance Holdings Ltd. said it will launch a program to boost operating efficiencies and save $160 million over three years. An unknown number of job cuts are also likely. Aspen spokesperson ...
Chubb Will Consolidate, Integrate IT Infrastructure on IBM Cloud
Chubb has sealed a new deal with IBM that represents a major investment in cloud computing in order to modernize its information technology operations. The Chubb/IBM announcement involves is a ...
GEICO’s New Virtual Assistant, Plus the Latest Launches From Liberty Mutual and Kinsale
"Kate," a new virtual assistant, debuts for GEICO auto insurance customers. Liberty Mutual is expanding its telematics and other safe driver offerings. Kinsale has started offering new school board ...
A Minority of Insurers Expect Higher 2017 IT Spending
A minority of insurers expect higher 2017 spending in their information technology budgets. Just 37 percent say that they expect an increase in their IT spending. That compares to 45 percent of ...
AIG Hires Another Veteran JPMorgan Chase IT Exec for Major Role
AIG is hiring another JP Morgan Chase & Co. information technology executive in a major leadership role. Hugh Tamassia is set to become AIG's new chief enterprise architect, effective Oct. 3. AIG ...