Technology & Analytics
InsurTech Momentum Builds as VC Investments Top $1B for 2016
Even though venture capital investments in VC-backed fintech companies fell more than 50 percent globally during the second quarter of 2016, interest in InsurTech continues to pick up steam, a new ...
Artificial Intelligence in Commercial Insurance
"Artificial intelligence" (AI) is splashed across the daily headlines. For example, an AI application recently beat the human Go champion, autonomous cars are edging closer to mainstream use, social ...
The Hanover Launches Pay-As-You-Go Option for Workers Comp
The Hanover Insurance Group has launched a new pay-as-you-go option for workers compensation policies that allows insureds to pay their premiums in real time, based on payroll. Hanover EZPay gives ...
Climate Change Modeling Is Closer Than You Think
For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went ...
Guidewire Software Grabbing FirstBest for $34M in Commercial Risk Biz Expansion
California's Guidewire Software plans to snatch up FirstBest Systems for $34 million in cash, a deal it said will boost its capacity to serve property/casualty insurers focused on complex commercial ...
How ‘Prosumers’ and More Can Help Insurers Embrace the Digital World
Major shifts in technology and the way we do business are bringing fresh pressures to bear across the business world. Consumer expectations are shifting. Everyone has to raise their digital game or ...
AXA, China Online E-Commerce Giant Alibaba to Explore Distribution Partnership
AXA is hoping to get into the global e-commerce game through a new partnership formed with China's online marketplace giant Alibaba. The arrangement actually involves three parties: AXA, Alibaba and ...
How U.S. Inland Flood Became a ‘Peak’ Peril
Flood is the most pervasive and frequent peril in the U.S. Yet, despite having the world's highest non-life premium volume and one of the highest insurance penetration rates, a significant protection ...