Technology & Analytics
Allianz Global Corporate & Specialty Teams With InsurTech in Aircraft Insurance Partnership
Allianz Global Corporate & Specialty teamed with InsurTech startup Visicover on a partnership to sell airplane insurance and related products. Neither side is disclosing financial terms. The ...
Starr Becomes Minority Shareholder in Small Business InsurTech CoverWallet
Starr Companies is now a minority shareholder in online small business insurance agency CoverWallet. CoverWallet confirmed the deal that was first reported by the Wall Street Journal. No financial ...
Allianz, GM, BMW, Toyota Invest in Self-Driving Software Startup Nauto
General Motors Co and Japan's Softbank Group Corp are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on ...
Pairing Underwriters With Machines
Risk assessment has always been one of the most challenging and time-consuming pieces of the underwriting process, but with the help of machine learning, natural language understanding (NLU) and ...
Travelers Adds Smartphone App to Usage-Based Auto Insurance Option
Travelers is debuting a smartphone app designed to go with its usage-based auto insurance coverage, with an initial launch in two states. Participating customers who use the app and drive safely can ...
The Latest Launches From Nationwide and Willis Towers Watson
Nationwide added a function to Amazon Alexa that lets subscribers of its usage base auto insurance program access data via voice command. Willis Towers Watson is debuting a virtual, actuarial ...
Executives On The Move at Chubb, CNA and Hiscox USA
Chubb Group promoted from within for its new vice president of Global Underwriting. CNA appointed a veteran executive to a newly-created position focused on claim analytics, finance and operations ...
Hamilton USA CEO Macia to Take Charge of New AIG Tech-Focused Subsidiary
American International Group under new CEO Brian Duperreault is moving quickly to pursue next-generation technology. The insurer has formally disclosed plans to name Hamilton USA CEO Seraina Macia as ...