Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology including artificial intelligence and telematics, which sets premiums based on …
ountless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889. Now artificial intelligence systems are doing the same, training themselves on a vast collection of digitized artworks to produce new images …
As millions of people travel the interstates this Thanksgiving, many will encounter patches of traffic at a standstill for no apparent reason – no construction or accident. Researchers say the problem is you. Human drivers just don’t do a good …
omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion financing round with W&W subsidiary Württembergische Versicherung, as well as existing investors. With this financing, the company plans to further …
Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, there are many additional threats to consider—such as second-, third- and fourth-tier …
Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by Reuters. The AI Liability Directive, which the …
CompScience has found a way to reduce workers compensation risk and cost using artificial intelligence. Not just by the numbers, but by analyzing authentic, onsite video taken at clients’ facilities. The company provides video analytics and data-driven recommendations using existing …
The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according to the awards’ sponsors, Efma and Accenture. The global awards program, which recognizes …
Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective validation that AI systems are trustworthy. Companies from a variety of industries are currently investing in the development and deployment …
Private equity firm Thomas H. Lee Partners (THL) today said it made a strategic growth investment in Carpe Data, a provider of data products for the insurance industry. With the investment, THL will become the majority shareholder of Carpe Data, …
