technology News
UK Insurer Admiral Group Mulls Sale of Price Comparison Platform
UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter. The FTSE 100 company is ...
Sompo International Forms New Unit Focused on Tech Industry
Sompo International Holdings Ltd. established a new unit focused on the technology industry. The Bermuda-based property/casualty specialty insurer and reinsurer said the unit will work through a ...
Travelers, Adapting to a COVID-19 World, Will Hire Hundreds of Key Tech Experts
Travelers said it is hiring hundreds of people before the end of 2020, a large number of which will be in the technology space to help the insurer conduct business virtually. The Hartford-based ...
Analysts Curious About AIG 200 Transformation Initiative; Details Wanted
Less than two years after Brian Duperreault took the helm at American International Group, his first big accomplishment has become clear: The carrier's P/C business is on track to produce an ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
Volvo Will Install In-Car Cameras, Sensors to Prevent Drunk Driving
Swedish automaker Volvo hopes to reinforce its reputation for safety-first driving by installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or ...
Consumers Excited to Exchange Personal Data for Cheaper Financial Products; Privacy Remains a Concern
Carriers focusing on telematics and other tools that measure customer behavior in exchange for lower prices may be onto something. A new Accenture report has found that insurance or banking products ...
Online Insurance Platforms Foster Both Good and Bad Situations: Geneva Association
Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. ...