Technology & Analytics
Clients Increasingly Savvy About Cyber Insurance Coverage
Cyber remains an evolving risk and insurers are still figuring out how to master it as demand morphs and soars. With that in mind, there is some good news: clients are increasingly better informed ...
Considering Core Replacement? Save Your Dollars; You Will Need Them Very Soon
Many insurers are considering replacing their core system as their next big IT endeavor. Unfortunately, despite the best of intentions, this is a regressive move that will set them ...
Artificial Intelligence Is Helping Zurich Insurance With Personal Injury Claims
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. "We recently introduced ...
New AIG CEO Brian Duperreault: ‘I Didn’t Come Here to Break the Company Up’
New American International Group President and CEO Brian Duperreault began his first full day on the job publicly repudiating the idea of splitting the struggling insurer into pieces and simply ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
AIG, Hamilton, Two Sigma Sign Agreement to Expand Data-Driven Underwriting
American International Group, Hamilton Insurance and an independent affiliate of Two Sigma Investments signed a multifaceted agreement with an eye on boosting their use of data-driven underwriting on ...
Allianz, Praedicat Partner on Improving Catastrophe Liability Risk Predictions
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based InsurTech analytics firm, to better predict key ...
Bunker, a Small Business Digital Insurance Marketplace, Raises $6M Series A
Bunker, a startup broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American ...