Technology & Analytics
‘Killer Apps’ and the Amazon Effect on Legacy Carriers
Once upon a time, in 1994, Amazon entered the commercial marketplace as an online bookstore. While Amazon was not the first company to offer this service, it was the first to offer to deliver any ...
The Latest Launches From Chubb and AXIS Capital Holdings
Chubb is partnering with a company to offer a cyber loss mitigation service to certain policyholders in the UK and Ireland. AXIS Capital Holdings Ltd. designed to, in part, scout out new technologies ...
InsurTech Startup Groundspeed Analytics Raises $30 Million
Insurance technology startup Groundspeed Analytics, armed with $30 million in new venture financing, plans to hire more people and expand its product roster. The Michigan-based company (offices are ...
Insurers’ Big Data Plans Could Fail If They Don’t Get Basics Right: Mair of Atticus DQPro
Artificial intelligence? Machine learning? Thinking big is great, but before insurers begin to pursue such advanced big data projects, they must not lose sight of the fundamentals. They must first ...
Travelers CEO Schnitzer: Agents, Brokers Have a Place, Even With InsurTech Investments
Travelers Chairman and CEO Alan Schnitzer said that independent agents and brokers still have a place with the insurer even as it continues exploring InsurTech innovations for its operations. "Yes, ...
Marine Insurance’s Risk Rating Revolution: Why Insurers Cannot Afford To Be Left Behind
According to container logistics company Maersk "everything that can be digitized will be digitized,"and there is no doubt that the world of shipping is currently undergoing a digital revolution. ...
Legacy Insurance Systems Are Shaking Under Weight of Innovation
Garbage in, garbage out. It's a phrase as old as computing, attributed to an Army specialist in an era when the cutting edge of processing was 16 bits on a device the size of a commercial ...
China’s Ping An Insurance Behind Launch of Hong Kong Banking Blockchain
Hong Kong's banking regulator and seven banks, including HSBC Holdings PLC and Standard Chartered PLC , on Tuesday said they will jointly launch a trade finance platform in September using blockchain ...