Technology & Analytics
Cyber InsurTechs and Insurers ‘In This Together,’ Not in Competition
InsurTechs and insurance companies are "breaking down the wall" that stood between them as competitors in favor of working together to tackle dynamic cyber risk. "We're all trying to solve the same ...
4 Tips for Carriers to Leverage Open-Source Data for Improved Claims Management
It's no secret that fraudulent claims are an ongoing issue within the insurance industry. The FBI estimates the total cost of insurance fraud (non-health insurance) to be $40 billion per year. For ...
Keeping Up With Demand for Cybersecurity Professionals
The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn't reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his ...
Understanding the Role of Data Scientists in Risk Modeling
Risk models are an increasingly critical component to the modern insurance carrier. They are relied upon for all phases of insurance, from marketing and sales to pricing, claims, and operations. ...
FTC Says $1 Billion Lost in Cryptocurrency Scams Since 2021
According to a report from the FTC, over 46,000 people lost over $1 billion in cryptocurrency from scams since the start of 2021. The losses in 2021 ($680 million) were nearly six times what they ...
In Vogue: Platforms Are Having a Moment
Platforms are having a moment. Should insurance companies care? Increasingly more firms from different industries say that they offer platforms. The technology firms your insurance carrier or agency ...
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
AI, BI or Insurance Intelligence: Which Matters Most?
When thinking about advancements in technology and data-driven insights, insurers are often confused about AI and BI—what they are, and how to even know if they are valuable to their business. We ...