Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
A Risk Pool of One: How Technology Could Make Insurance Obsolete
May 15 2017 // Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April 26-27 in...
Tech Talk: How to Use Digital Body Language
May 15 2017 // “When the eyes say one thing, and the tongue another, a practiced man relies on the language of the first.” — Ralph Waldo Emerson Agents pride themselves on their sales skills — to meet a prospect...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey
May 12 2017 // Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study by American International Group. More than...
Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
3 Key Activities to Prepare for Autonomous Vehicles
May 10 2017 // This week’s post has been something of a struggle for me. I’ve had to catch up on a lot of terminology and the progress that has been made in the autonomous vehicle world. In way, it has always seemed like...
Will Technology Make Insurance Obsolete?
May 9 2017 // “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
Liberty Specialty Markets Names Chubb’s Gibbs as Chief Technology Officer
May 9 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer. Based in LSM’s London headquarters, Gibbs will report to Nick Metcalf, president...
Insurtech Slice Now Offering Homeshare Insurance in California
May 8 2017 // Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of...
Heavy Rains Cause Flooding in NYC Region, Disrupt Travel
May 8 2017 // Heavy rains caused flooding in New York City and flight delays in the region on Friday. Officials said two tracks at Penn Station were out of service Friday afternoon because of flooding and parts of the West Side Highway,...
Downhole Technology Reaches $120K Settlement in Harassment, Retaliation Suit
May 4 2017 // A Houston manufacturer of hydraulic fracturing (fracking) equipment has agreed to pay a former employee $120,000 and provide other relief to settle a retaliatory discrimination lawsuit brought by the U.S. Equal Employment...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Insurer Group: Illinois Workers’ Comp Bills Would Disrupt Private Market
May 1 2017 // Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require...
The Science Behind Wind Verification Technology
May 1 2017 // This post is part of a series sponsored by CoreLogic. Wind is one of nature’s most difficult hazards to measure, and damage caused from it can go undetected for months. Unlike hail which can be visually seen and,...
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
In Denial Over Disruptive Technologies
May 1 2017 // There’s an apparent lack of awareness among many risk professionals on existing and emerging technologies, including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their...
How Future Tech Could Change Risk and Loss: Allianz Report
May 1 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according to a report published by...
Online Rideshare Insurance Offering Debut by CoverHound
May 1 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
How New Technology Is Improving Workers’ Comp
May 1 2017 // New technologies are improving workers’ compensation programs in everything including communications and training, healthcare delivery, and claims, according to experts. Tom Ryan, market research leader for...
Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards
Apr 28 2017 // Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at...
How Drivers Dress-Up Old Cars with New Safety Tech
Apr 28 2017 // Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology — like forward collision warning systems or backup cameras — to older cars. Cars are lasting longer than ever thanks to...
