Technology & Analytics
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 ...
Researchers Claim New Model Predicts Terrorist Behaviors With 90% Accuracy
Government agencies are not always successful using social media and telecommunication to uncover the intentions of terrorists because terrorists are now more careful in utilizing these technologies ...
Verisk Analytics Acquires UK-Based Emergent Network Intelligence
Verisk Analytics has expanded its claims products in the United Kingdom with the acquisition of Emergent Network Intelligence (ENI), which provides insurers in the UK with technological innovations ...
Racing With Machines: Technology Is Not Destiny
The fact is that June, my great-grandmother, was a computer. The fear is that my son is not. Ours is not a cyborg-mutation story, although that fate may await my great-grandchildren. In 1924, ...