Technology & Analytics
SVIA Launches InsurTech Innovation Lab
Silicon Valley Insurance Accelerator (SVIA) has launched its Innovation Lab, offering expertise and resources to accelerate development of InsurTech products, services and industry initiatives needed ...
XL Catlin Partners With Startupbootcamp InsurTech
Startupbootcamp InsurTech, the business accelerator that promotes insurance technology startups and corporate innovation, has formed a partnership with XL Catlin. The announcement comes as ...
AI Can Help Insurance Industry Boost Human Interaction
Ask most people for their thoughts about robots and artificial intelligence (AI), and they will likely express apprehension over losing their jobs. As transformational as AI is, speakers at the 2017 ...
Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded ...
Nationwide Joins Insurify’s $4.6M Financing; Startup Launches Car Insurance Comparison on Facebook Messenger
Nationwide's venture arm is among the investors behind a new $4.6 million funding round for Insurify, an MIT spinoff with a virtual tool for car insurance shopping. Meanwhile, its service has debuted ...
Technology Is Ultimate Savior of Insurance Industry: Opinion
Insurance companies are running out of ideas. They've bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure ...
Travelers Grabs UK Small Biz Online Insurance Broker for $490M
The Travelers Companies will snatch up Simply Business from Aquiline Capital Partners LLC for $490 million, a deal that gives it an online insurance broker with a focus on the small business market. ...
Too Smart to Fail: How AI Will Benefit Customers and Claims Pros
As artificial intelligence continues to improve, it offers a wide range of new possibilities for the insurance industry. Machines can quickly analyze huge swathes of data. They can apply complex ...