Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Maryland Property Insurer Left Client Data Temporarily Exposed Online
Feb 9 2018 // The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly. The Baltimore Sun reported Wednesday that a California-based...
Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo
Jan 31 2018 // Munich Re’s HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things (IoT), data analytics and artificial intelligence (AI) startup, which is seeking to expand internationally. Founded in...
Top Insurtech Predictions for 2018
Jan 8 2018 // Insurtech is often framed as a force of disruption in the insurance industry. But technology doesn’t disrupt the industry – it enhances the way carriers and customers interact. In 2018, I predict we will...
Fancher Named Digital Transformation Officer at American Family Insurance
Dec 28 2017 // Madison, Wisconsin-based American Family Insurance has named Todd Fancher as its first digital transformation officer. Fancher will oversee American Family group’s strategic investment in technology and practices...
Microsoft Wants to Pit AI Against Climate Change
Dec 21 2017 // Red and green make yellow. And depending on how one feels about climate change, it could be considered a cautionary tale for the U.S. that China plans to create the world’s largest carbon market, possibly making it...
American Family Insurance Acquires Data Analytics Firm; Also Home Tech Firm
Dec 15 2017 // American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked...
Artificial Intelligence Startup Cytora Raises $5.9M from QBE, Starr, Other Investors
Dec 6 2017 // Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm and Starr Cos. QBE Ventures, Starr Global Holding, Cambridge Innovation...
Grapes of Wrath: Insurance Fallout from the Wine Country Wildfires
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator
Nov 1 2017 // Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which...
QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius
Oct 31 2017 // QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal...
Early Data Shows Insured Losses from California Wildfires Already at $1B and Growing
Oct 19 2017 // Insurance Commissioner Dave Jones today released preliminary data provided by eight California insurers processing claims for tens of thousands of policyholders that shows $1.045 billion in losses to commercial and...
Lloyd’s Signs Deal with Artificial Intelligence Specialist, Expert System
Oct 9 2017 // Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers. The world’s largest insurance market signed a global deal with Expert System that...
P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence
Oct 6 2017 // Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million...
XL Catlin’s Accelerate Partners with UK Artificial Intelligence Startup Cytora
Oct 2 2017 // XL Catlin’s internal innovation team, Accelerate, announced it is working with Cytora, a UK-based insurtech startup that uses artificial intelligence (AI) and open source data to improve the way insurers quantify,...
Beazley to Manage Data Breaches for Generali Brazil’s Cyber Insurance Clients
Sep 29 2017 // Beazley, a specialist in data breach response insurance, has partnered with Generali Brazil to manage data breaches for Generali’s corporate and commercial cyber insurance customers. Beazley will coordinate the...
Texas Regulators Seek Data on Insurers’ Hurricane Harvey Claims
Sep 27 2017 // The Texas Department of Insurance has issued a mandatory data call to both admitted and surplus lines insurance carriers seeking information about Hurricane Harvey-related claims in 62 counties impacted by the storm. The...
Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art
Sep 22 2017 // Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance...
Tech Talk: Speed-to-Value and the AI Revolution
Sep 18 2017 // The term “speed-to-value” has been around as a management maxim for decades but is being reborn in the digital age — and its application for agents today is perfectly timed. Here’s...
Donaghy Joins Iowa’s Crop Pro Insurance as Director of Data Science
Sep 15 2017 // Crop Pro Insurance, a Des Moines, Iowa-based managing general agent (MGA) specializing in crop insurance, has expanded its experienced leadership team with the addition of Brian Donaghy as director of Data Science. Donaghy...
Chinese Venture Capital Firm, Sinovation Ventures, Boosts Investment in AI
Aug 22 2017 // For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the...
