Technology & Analytics
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 ...
RMS Expands Model Suite for Asia-Pacific Typhoon, Earthquake
Risk modeling and analytics firm RMS has substantially expanded its suite of offerings for the Asia-Pacific region, adding typhoon models for South Korea and Taiwan as well as earthquake models for ...
Hiring Data Scientists Not Enough; Data Managers Needed for Value Creation: Research
While big data scientists are often perceived as the key to unlocking the potential value of big data, research conducted by the University of Kent in the UK indicates a different view. Dr. Maggie ...
Auto Insurance Startup Root Expands, Links With Lyft on Car Rental Alternative
Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an ...