Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Technology Helping Adjusters More Quickly Identify Legitimate Claims
Mar 8 2019 // The physician couldn’t tell what was causing the smudge on a CT scan of his wife’s lungs, so he referred her to a pulmonologist. That would likely have meant a two-week delay. Instead of waiting, Corey...
Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma
Mar 8 2019 // Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s...
Daimler, BMW Partner to Develop Industry Standards for Autonomous Driving Technology
Mar 8 2019 // Daimler and BMW are teaming up to develop autonomous driving technology to cut costs and set an industry standard that can help to shape future regulation for self-driving cars, senior executives said on Wednesday [March...
Aon Partners with Insurtech Skytek to Track Marine Risk Accumulations
Mar 7 2019 // Aon plc has partnered with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and...
Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection
Mar 6 2019 // Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers detect fraud during the claims...
Companies Still Learning About Fire Risks Around Robots
Mar 6 2019 // The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a...
Aon Partners with Insurtech Firm Skytek to Track Marine Risk Accumulations
Mar 5 2019 // Aon plc is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and...
Aon Partners with Claim Central; Opens New Claims Center in Florida
Mar 4 2019 // Aon plc has established a strategic alliance with global insurtech firm Claim Central to digitize and streamline claim management capabilities and improve the customer experience through technology and services developed...
UK Online Grocer Ocado Learns Lessons About Robotic Warehouses After Massive Fire
Mar 4 2019 // The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a...
Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council
Mar 4 2019 // District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of...
UK Financial Markets at Risk of Disruption with Hard Brexit: Regulator
Feb 28 2019 // Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on Wednesday. FCA Chief Executive Andrew Bailey told a House of Lords committee that despite...
Making Working with Robots Safe for Humans
Feb 28 2019 // Veo Robotics Inc., a startup developing sensor technology that lets industrial robots work safely side-by-side with humans, closed a funding round as it prepares to roll out the product in May. The company raised $15...
What Young Insurance Agents Earn, Think and Say
Feb 27 2019 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
CFC Appoints Fletcher from Hiscox as Chief Technology Officer
Feb 27 2019 // CFC, the London-based managing general agent that specializes in emerging risks, announced the appointment of Jonathan Fletcher as chief technology officer. Fletcher, formerly group CTO at Hiscox, will oversee CFC’s...
Investments in Insurtechs Rose in Q4 2018; Cyber Becomes a Focus
Feb 26 2019 // Sixty-three insurtech deals with a total value of $1.59 billion were announced worldwide in the fourth quarter of 2018. The number of deals was up 24 percent while the value jumped 155 percent over Q4 2017. The total,...
Agents, Brokers and the Future of Insurance Distribution
Feb 26 2019 // A funny thing is happening on the way to the future. As consumers’ and carriers’ behaviors, attitudes and expectations have been changing, independent agents are evolving to better serve both customers and...
Ping An Insurance Readies $8 Billion IPO of Fintech OneConnect
Feb 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion,...
How to Get Autonomous Cars to Pull Over for Police
Feb 25 2019 // It was still dark on a Friday morning in November when a California Highway Patrol officer started following a Tesla Model S on Route 101 between the San Francisco International Airport and Palo Alto. The gray sedan was...
Lotter Joins Policy Administration Systems Provider, Instec, in Illinois
Feb 21 2019 // Naperville, Illinois-based Instec, a provider of policy administration systems to insurance program and specialty markets, has hired CJ Lotter as senior solution architect. He joins Instec’s engagement management...
Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing
Feb 21 2019 // Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and...
