Technology & Analytics
Willis Towers Watson Selling Telematics Tech to Octo; Both Will Jointly Develop More
Willis Towers Watson plans to sell its usage-based insurance assets to Octo Telematics, a UK telematics company focused on the auto insurance industry. Once the deal concludes, both companies will ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...
Guidewire Paying $275M for P/C Data Science Software Firm Cyence
Guidewire Software Inc. will fork over $275 million to acquire Cyence, a software startup that uses data science and risk analytics to help P/C insurers address emerging risks including cyber, ...
How Smartphones Can Reduce Road Crashes and Strengthen the Insurance Industry
As roads become increasingly more dangerous, due in part to drivers using their mobile phones, attempting to reduce distracted driving through laws is a step in the right direction. Ten years ago, ...
TigerRisk, Cape Analytics Use New Aerial Tech to Help Quicken Hurricane Irma Claims Work
TigerRisk Partners said it is partnering with Cape Analytics to use new aerial technology to help U.S. Insurers speed their claims processing for Hurricane Irma. The companies say they're using ...
XL Catlin Leads Slice Lab’s $11.6M Series A; Expansion Eyed for Pay-Per-Use Insurance Platform
XL Catlin's investor arm is the lead backer of Slice Lab's new $11.6 million Series A financing, money the InsurTech startup will use to expand its on-demand pay-per-use insurance platform. Beyond XL ...
Self-Driving Car Legislation Passes U.S. Senate Commerce Committee
The U.S. Senate Commerce Committee on Wednesday unanimously approved a bill to speed self-driving cars to market without human controls and bar states from imposing regulatory road blocks. The bill ...
Consumers Worry Autonomous Vehicles Will be Vulnerable to Cyber Breaches: AIG Study
As property/casualty insurers contemplate how to insurer autonomous vehicles, a new AIG study reveals consumers worry these cars and trucks of the future are particularly vulnerable to cyber ...