Innovation
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, ...
Insurance Is on GM’s Growing List of Side Ventures
Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer's Global Innovation team is looking for new enterprises to expand the automaker's sources of revenue well ...
The Latest Launches: Cyber Edition
Coalition is linking up with Insureon to expand the reach of its cyber insurance and security tools. Cowbell Cyber has expanded into the New York market. Coalition is linking up with Insureon to ...
Farmers Rolls Out Direct-to-Consumer Policies in Two Additional States
Farmers Insurance is debuting direct-to-consumer policies in Massachusetts and Louisiana. Customers in both states can now digitally access quotes and purchase customizable auto, home, condo, and ...
Hippo and AXIS Insurance Form Separate Partnership Deals
Hippo said it has formed two new partnerships that will deploy automation to boost speed and processing of its back-end customer claims services. AXIS Insurance said it formed a strategic partnership ...
Swiss Re Corporate Solutions Will Streamline Legal Structure for North America
Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business. The changes include establishing Swiss Re Corporate Solutions America Insurance ...
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...