Innovation
Metromile, Hippo Partner on Home/Auto Bundled Insurance Cover
Metromile and Hippo Insurance are partnering to offer consumers home and auto insurance protection by way of a new bundled discount. Hippo, based in Palo Alto, is an MGA focused on digital homeowners ...
Leading Tech Brands That Embed Insurance Propositions for Customers
• In consumer retail, Amazon is a prime example—pardon the pun—of a global e-commerce leader that has been distributing warranties in the U.S. and Europe for 15 years. Lately, the behemoth has ...
Carriers Struggle to Transform Innovation Efforts Into Results: AM Best
Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation ...
One Year In: How Insurers Are Doing on AM Best Innovation Assessments
In early March 2020, AM Best released Scoring and Assessing Innovation, our formalized criteria for measuring a company's innovativeness. Within weeks of its official launch, this methodology was put ...
Toyota to Test Its Self-Driving Cars in a Newly-Built, Sensor-Laden City
In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at the foot of Mount Fuji. The group prayed — as is customary when embarking on ...
Insurance Fraud Bureau, Shift Technology to Develop AI-Based Fraud Detection System
The Insurance Fraud Bureau and Shift Technology will partner on developing a new fraud detection system for the UK insurance sector. Expectations are that the new platform will be in play by early ...
The Latest Launches From Duck Creek/Mindtree and Travelers
Duck Creek Technologies and Mindtree are developing improved customer experience processes for UPC Insurance. Travelers released a revamped mobile app for personal insurance customers.
The Latest Launches From Berkley One, Openly and AXA XL
W.R. Berkley Corp.'s Berkley One expanded into Maryland and broadened its product offerings in other states where it does business. Openly, an InsurTech MGA focused on high-end homeowners insurance, ...