Technology & Analytics
Carriers and InsurTechs Go Together Like Peanut Butter and Chocolate
If you had visited the Berlin Industrial Exposition of 1879, you would have been transfixed by a new kind of train that seemed to move by invisible means. It was powered not by steam but by ...
Data Science Startup DataCubes Is Ramping Up Carrier Partnerships
InsurTech DataCubes raised its first funding round of $2.5 million just under two years ago and continues on a growth trajectory today. (Hint: more fundraising is planned in the near future.) The ...
Appeals Court Rejects Facebook’s Attempt to Halt Facial Recognition Class Action Lawsuit
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their ...
Mobile Sales Assistant Vymo Raises $19M; AXA, Allianz Among Customers
Vymo, a technology company whose mobile app captures and automates data for insurance sales reps and others on the go, has raised $18 million in new financing. The India-based SaaS (software as a ...
Root Insurance Enters California Market, Where Telematics Underwriting Tool Doesn’t Apply
Root Insurance, an auto insurance startup that does business via smartphone, has entered the California market. But there's a catch. Root's app uses smartphone technology, telematics and data science ...
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
AI, Accuracy and the Pursuit of Perfection
For an industry that, let's face it, isn't known for putting itself at the vanguard of innovation, the pace at which commercial insurance companies are embracing artificial intelligence is ...