Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Clearsurance Offers Consumers Insurance Recommendations While Protecting Data
Jul 12 2019 // Insurance carrier review platform Clearsurance has launched a new home, car and renters insurance recommendation service for consumers. Clearsurance says the new data-driven service provides “personalized,...
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Jun 26 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
What to Expect in Agency Technology
Jun 21 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Texas Calls for 2018 Catastrophe Data on Commercial Property, Business Insurance
Jun 20 2019 // The Texas Department of Insurance (TDI) has issued special data call to companies that wrote direct commercial property or businessowners insurance in Texas and to certain farm mutual insurance companies that wrote...
Consortium Seeks Data on Issues, Opportunities for Women in Insurance
Jun 20 2019 // There is an effort underway to develop a better understanding of issues and opportunities for women in the insurance industry. The Million Women Mentors’ Women in Insurance Consortium (WII) will be spearheading what...
Data Deficit Remains Key Challenge for Cyber Insurance Underwriters
Jun 18 2019 // While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s...
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Jun 17 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even difficult-to-place, small or one-off inland marine risks at the best possible...
Roost Gathering Data as it Awaits Insurance Industry Transformation
Jun 17 2019 // For years, insurance industry observers have been predicting that home telematics products would transform the insurance industry by forcing carriers to take on the role of damage preventer instead of just claims...
Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services
Jun 12 2019 // Two artificial intelligence providers — omni:us and FRISS — are teaming up to “supercharge” insurance claims management and fraud detection. omni:us is a provider of AI-based cognitive claims...
Title Insurer First American Says App Defect May Have Exposed Customer Data
May 28 2019 // U.S. real estate title insurance company First American Financial Corp. said on Friday it had learned of a design defect in one of its production applications that had made possible unauthorized access to customer...
Connecting the Dots in Agency Technology
May 20 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Liberty Mutual Teams with MIT on Artificial Intelligence Research
May 10 2019 // The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Starr Adds SkyWatch Drone Insurance to Broker Platform
May 9 2019 // Starr Insurance Companies and SkyWatch Ltd. have expanded the SkyWatch.AI drone insurance program to allow drone operators to purchase insurance from Starr through a SkyWatch.AI link, which will be available on select...
Going to Court Over Losses When Robot Is to Blame
May 7 2019 // Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing the next best thing. He’s going after the salesman who persuaded him to entrust a chunk of his fortune to...
Sniffing Out Particles, Singling Out Pigs: Food Industry Urged to Embrace Robots, AI
May 6 2019 // E.coli in beef. Metal shavings in bread crumbs. Contaminated water on vegetables. The food industry has its share of quality control scandals and their insurers have had their share of claims. Some believe food would be a...
Microsoft Tools Ease Access to Blockchain, Artificial Intelligence for Businesses
May 3 2019 // Microsoft Corp. on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its...
AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies
Apr 22 2019 // Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate...
Automation, Artificial Intelligence Part of Plan for Modernizing Texas Insurance Department
Apr 15 2019 // Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was never in Kent Sullivan’s game plan. But when Texas Gov. Greg Abbott asked Sullivan to...
Texas Releases New Guidelines for Insurer Catastrophe Data Collection, Reporting
Apr 12 2019 // Applying lessons learned after Hurricane Harvey, the Texas Department of Insurance has upgraded its procedures for collecting and reporting data following a disaster. TDI recently released its new catastrophe data...
