Technology & Analytics
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 ...
Remember the Browser Wars? Surety Carriers Are in Platform Wars
In the early days of the Internet in the late 1990s, Netscape Navigator, Microsoft's Internet Explorer and other Internet browsers tried to grab market share in an emerging market. The choice of a ...
The Latest Launches From Berkley One, Openly and AXA XL
W.R. Berkley Corp.'s Berkley One expanded into Maryland and broadened its product offerings in other states where it does business. Openly, an InsurTech MGA focused on high-end homeowners insurance, ...
InsurTech Archipelago Pulls in $34M for AI Risk Platform Expansion
Archipelago raised $34 million in new financing from multiple investors, with plans to use the money for further expansion of its operations and technology – a risk data platform with artificial ...
EU Will Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of ...