Technology & Analytics
MGA Startups During COVID Helped Accelerate Digitization: InsurTech Forum Preview
One of the more intriguing InsurTech trends over the last year has been an accelerated push by MGA startups to make insurance easier for consumers in a variety of ways. COVID-19 propelled that ...
Toyota to Test Its Self-Driving Cars in a Newly-Built, Sensor-Laden City
In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at the foot of Mount Fuji. The group prayed — as is customary when embarking on ...
Why It Pays to Offer Ads for Other Carriers’ Policies
Predictive analytics is a growing trend in insurance advertising, but many in our industry are still learning what it is and how to use it most effectively. One of the big advantages of the ongoing ...
Insurance Fraud Bureau, Shift Technology to Develop AI-Based Fraud Detection System
The Insurance Fraud Bureau and Shift Technology will partner on developing a new fraud detection system for the UK insurance sector. Expectations are that the new platform will be in play by early ...
American Family Spinout Arturo Raises $25M to Expand AI-Driven Predictive Analytics Platform
American Family Insurance spinout Arturo pulled in $25 million in venture financing – a big boost to the company's AI-driven, property-centric predictive analytics platform. "A deeper property ...
Seeing Is Believing: The Use of Augmented Reality in Society and Insurance
While augmented reality (AR) has been around for a few decades, the technology to power its widespread use is still fairly recent. What once required a huge mechanical system that had to be mounted ...
Facial Recognition Tech Should Be Banned: EU Privacy Watchdog
Facial recognition should be banned in Europe because of its "deep and non-democratic intrusion" into people's private lives, EU privacy watchdog the European Data Protection Supervisor (EDPS) said ...
Majority of Insurers Plan to Up Their Digital Transformation Spend in 2021
2021 is set to be a year that no one forgets, with COVID-19 forcing disruption on every business, industry and person on the planet. The insurance industry received one of the most significant blows ...