Archives for Technology
Life insurance medical exam may soon be a thing of the past
Technology and data services may soon provide an accurate and cost-effective replacement to health tests. A life insurance medical exam is often one of the most dreaded parts of applying for that…
Health insurance telemarketer may be forced to pay $82 million if FCC gets its way
The Federal Communications Commission proposed the fine as a penalty for illegal nationwide robocalls. The Federal Communications Commission (FCC) proposed an $82 million fine for illegal health insurance telemarketer actions involving robocalls…
Farmers insurance drone program takes off
The insurer has become the latest among the large companies to use unmanned aerial aircraft systems (UAS). The Farmers Insurance drone program had its official launch yesterday as the insurer rolled out…
Insurance company drones are a common part of the claims experience
These small pieces of equipment make it faster and safer for adjusters to create their estimates. To an increasing degree, adjusters are using insurance company drones to help them to assess the…
Car insurance market will be 70 percent smaller in 2050, study
A new KPMG report showed that autonomous vehicle technology will have a tremendous impact on this sector. The car insurance market will wither by up to 60 percent by the year 2040…
Cyber insurance market grows by over a third last year
A recently released Fitch Ratings report suggests that this digital coverage grew by 35 percent. A new Fitch Ratings report suggested that the cyber insurance market’s premium exposure, estimated to be $…
Allstate employs cloud insurance technology to grow new businesses
The insurer may be in its 80s, but it is keeping up with the latest tech and changes in the industry. Allstate first opened in 1931, but the cloud insurance technology it’s…
Smart contract insurance partnership launches between AIG and IBM
The insurer and tech giant will use blockchain for managing complex forms of international coverage. American International Group (AIG) and International Business Machines (IBM) are partnering to create a form of smart…
Cyber insurance policies will likely achieve a standard in the near future
A CIFF speaker described the evolution of the market and the direction data breach coverage is taking. Despite the growing popularity of cyber insurance policies, there remains a lack of consistency from…
Speakers at Enservio Property Innovation Summit Discuss Industry Innovation, Disruption
NEEDHAM, Mass. – May 23, 2017 – Senior insurance executives from the nation’s largest carriers recently attended the 11th annual Property Innovation Summit in Dallas, TX to hear world-renown speakers deliver presentations…
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