Technology & Analytics
Lloyd’s Will Say Goodbye to Most Paper Trading in Less Than Two Years
Most business on the Lloyd's of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance ...
Israel’s Kovrr Debuts Predictive Cyber Risk Modeling Tool
The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently. Kovrr analyzes millions of emerging cyber ...
Using AI Can Have Unintended Consequences
Artificial intelligence protects us from known and unknown threats, helps us connect to one another, and provides better answers faster and cheaper than humans do. But what about the unintended ...
Insurance Today Is Like the Bundesliga
I am German, and I am a die-hard soccer fan. Believe me, it's relevant. In my view, digital transformation in the global insurance industry is about to play out like a season in the Bundesliga, the ...
Can InsurTechs Compete With Carriers and Agencies on Main Street?
As an industry, insurance has always been a technology pioneer of sorts—so it comes as no surprise that in these halcyon days of digital commerce, more than 700 new insurance technology vendors, ...
Nationwide Vet Miller to Launch E&S-Focused Specialty Insurer
Ex-Nationwide veteran executive Mike Miller plans to roll out a new digitally-focused specialty property/casualty insurer. Dubbed Ategrity Specialty Insurance Company, the fledgling insurer will ...
Can Driver Data Predict Collisions Before They Happen?
Smartphones have transformed the way we interact with the world. They've replaced our watches and wallets. They've become portable movie theaters and libraries. They've even redefined how we interact ...
Predictive Analytics Help Commercial Lines Insurers Boost Profit, Reduce Underwriting Volatility: A.M. Best
The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best concluded in a new special ...