Technology & Analytics
Aon Partners With InsurTech CLARA to Deliver AI Claims Tools for Workers Comp Insurers
Aon Benfield has teamed with CLARA analytics to deliver artificial intelligence tools to workers compensation insurers in the U.S. to help employees return to work as quickly as possible while ...
InsurTech CoverWallet Secures $18.5M to Grow Small Biz Insurance Platform
Digital business insurance agency CoverWallet said it has closed an $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, ...
Channeling Disruption: Why Underwriters Need to Rally Around Small Biz Insurance Brokers
The role of the small business insurance broker is under assault as the rise of InsurTech disrupts the traditional insurance value chain. With more than $5 billion invested in InsurTech startups ...
Willis Towers Watson Selling Telematics Tech to Octo; Both Will Jointly Develop More
Willis Towers Watson plans to sell its usage-based insurance assets to Octo Telematics, a UK telematics company focused on the auto insurance industry. Once the deal concludes, both companies will ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...
Guidewire Paying $275M for P/C Data Science Software Firm Cyence
Guidewire Software Inc. will fork over $275 million to acquire Cyence, a software startup that uses data science and risk analytics to help P/C insurers address emerging risks including cyber, ...
How Smartphones Can Reduce Road Crashes and Strengthen the Insurance Industry
As roads become increasingly more dangerous, due in part to drivers using their mobile phones, attempting to reduce distracted driving through laws is a step in the right direction. Ten years ago, ...
TigerRisk, Cape Analytics Use New Aerial Tech to Help Quicken Hurricane Irma Claims Work
TigerRisk Partners said it is partnering with Cape Analytics to use new aerial technology to help U.S. Insurers speed their claims processing for Hurricane Irma. The companies say they're using ...