Strategy
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...
How to Be Tech-Friendly Without Losing the Human Element
Technology is a great amplifier. It amplifies the power of humans and allows us to scale our ambitions. At Clearcover, we take this belief to heart—and it is motivating us to build a smarter car ...
China’s Ping An Insurance Teams With Intel to Launch Joint Innovation Laboratory
A division of China's Ping An Insurance Group is teaming with American global tech giant Intel Corp. to establish a joint innovation laboratory. The arrangement is between California-based Intel and ...
American Financial Group Decides to Exit Lloyd’s of London
American Financial Group Inc. disclosed it will exit the Lloyd's of London insurance marketplace in 2020, an entity it joined in 2008 through an acquisition. The Ohio-based insurance holding company ...
Liberty Mutual Takes on Uber Coverage in Three Regions
Liberty Mutual Insurance will provide coverage for Uber drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company's 2020 auto insurance programs, which ...
China’s Anbang Insurance Seeks $3.9B From Sale of Stake in Rural Banks
Anbang Insurance Group Co., the once-acquisitive Chinese conglomerate that's under state control, is looking to offload stakes in a number of rural commercial banks as it continues to unwind its ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
Argo Achieves Détente With Activist Shareholder; Board Member Added, Two to Come
Argo Group International Holdings has achieved détente with an activist shareholder that complained about the company's board and executive compensation practices during much of 2019. The ...