Archives for Technology
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…
Kidnap insurance protects companies in the case of ransomware
Businesses that have not purchased cyber insurance policies are looking to alternative coverage for WannaCry losses. Companies without cyber insurance are reportedly making claims through their ransom, extortion and kidnap insurance policies…
NRA gun insurance launches for owners shooting in self defense
The new policies are designed to cover legal fees for acquitted cases and clean-up costs as well. The National Rifle Association has announced a new NRA gun insurance policy to cover Americans…
Life insurance premiums may soon be selfie-based
Facial recognition technology could be used to better understand a person’s overall wellness. Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact,…
Insurance technology jobs get hotter as AI’s role expands
Customers find online self-service features increasingly appealing and the industry is hiring to meet that need. As the industry looks to artificial intelligence (AI) for improved customer service, insurance technology jobs are…
Allstate uses insurance drones to assess storm damage
The insurer is using the technology to get a better idea of the property damage situation from spring storms. Allstate is using insurance drones to conduct an assessment of the property damage…
SpaceX pre-launch liability insurance massively increased following FAA requirement
A new mandate was put into place which increased the minimum coverage requirement by five times. SpaceX changed its launch schedule to today at 1:35am but was required to carry far more…
