Technology & Analytics
Amica, Tech Company Test Hail Weather Sensing Platform to Improve Claims Handling
Amica Insurance and Understory Inc., a weather data and analytics company, recently announced the development of a new weather sensor and data analysis network to test hyper accurate ground-level ...
RMS: $77B of San Francisco Property at Risk From Sea-Level Rise by 2100
By the year 2100, up to $77 billion of property in San Francisco will be at risk from sea-level rise, according to an analysis from global catastrophe risk management firm RMS. The analysis found ...
XL Catlin Helps Back Embroker, an Automated Broker Startup
XL Catlin's investment arm contributed to a $12.2 million venture-funding round for Embroker, a startup focused on automating the insurance broker experience for small and midsize business owners. ...
AIR Worldwide Releases Cloud Environment for Cat Risk Platforms
AIR Worldwide, a Verisk Analytics business, has released a new cloud environment for its catastrophe risk management platforms Touchstone and CATRADER. The AIR Cloud offers the benefits and security ...
Predictive Model Monitoring: Signs That Your Model Needs an Upgrade
Predictive analytics has transitioned from exciting buzzword to a core component of a carrier's arsenal over the last few years—and its effectiveness is no longer in doubt. In fact, a Willis Towers ...
Blockchain and Disruptive Insurance Technology
Many insurance and reinsurance companies are focusing on operational efficiency to help sustain or increase profitability in the current, highly uncertain marketplace. Many of their processes and ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
Deepening Automation and AI in Insurance
Insurers are increasingly under pressure to cut costs and offer better digital services to their customers. While core systems replacement and modernization activities close the gap to a degree, ...