Technology & Analytics
Kingdollar Comments: Emerging Risk Issues Left Out of Algorithms
Emerging issues occur far more frequently than "black swans" and include more than just "casualty catastrophes." Still, such issues have, and will continue to, cost the property/casualty insurance ...
Majority of Smart Home Device Owners Willing to Share Data With Insurers—for a Discount
While privacy remains a concern, 78 percent of smart home device owners are open to sharing their data with their insurer to assist in policy pricing, but most (65 percent) would only do so if ...
At-Bay Pulls in $34M From Munich Re, Others; Cyber Insurance Expansion Planned
Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Munich Re Ventures and Acrew Capital led the Series B ...
Arch Grabs Majority Stake in Australia Data Company PMAP
Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it will acquire a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and ...
Metromile Exploring Roads to Renters, Homeowners, Commercial Auto
Customers who have been buying personal auto insurance from Metromile may have the option of adding homeowners or renters to a coverage package in the not-too-distant future, the CEO revealed ...
How Pay-Per-Mile Insurance Is Evolving
As automakers race to develop and test autonomous vehicles for longer and more complex trips, insurers offering unique types of auto insurance coverage aren't worrying about disruption. Dan Preston, ...
New InsurTech Financings: Software, SaaS Platform and Bicycle Insurance
Recent InsurTech funding announcements include a French company developing enterprise software products and services for credit and surety insurers; a Nevada-based SaaS-based digital insurance ...
The Insanity of Analytics in Insurance
Let me tell you about a burr that's been under my saddle for way too long. Simply put, I think that so much of the way analytics and AI are being promoted to the insurance industry is similar to the ...