Technology & Analytics
Insurance Innovation Is (So Far) More Harmonious, Less Disruptive Than Expected
There is no shortage of commentators claiming that the rise of InsurTech will transform traditional insurance beyond recognition. It's time, then, to distinguish between hype and the real changes ...
CNN Wins FAA Waiver to Fly Drone Over Crowds
CNN received a waiver allowing routine drone flights above crowds, a milestone for the industry seeking greater use of the remote-controlled devices for everything from insurance inspections to ...
Wi-Fi Vulnerable to Hacking Due to Newly-Discovered System Flaw
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers ...
As InsurTechs Make Waves, Consumers Still Trust Traditional Insurers More
InsurTechs are changing the face of insurance, Capgemini and Efma said, announcing results of a consumer survey last month in which nearly one-third of respondent said they now rely on InsurTechs. ...
What Harvey and Irma Say About the Accuracy of Catastrophe Models
Four hours after Hurricane Andrew made landfall near Homestead, Fla. in 1992, catastrophe modeler AIR issued a statement that the insured losses could exceed $13 billion in Florida. Actual losses ...
Aon Partners With InsurTech CLARA to Deliver AI Claims Tools for Workers Comp Insurers
Aon Benfield has teamed with CLARA analytics to deliver artificial intelligence tools to workers compensation insurers in the U.S. to help employees return to work as quickly as possible while ...
InsurTech CoverWallet Secures $18.5M to Grow Small Biz Insurance Platform
Digital business insurance agency CoverWallet said it has closed an $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, ...
Channeling Disruption: Why Underwriters Need to Rally Around Small Biz Insurance Brokers
The role of the small business insurance broker is under assault as the rise of InsurTech disrupts the traditional insurance value chain. With more than $5 billion invested in InsurTech startups ...