Category: Technology

Agents and professionals are advised to keep up with technology – this will be sure to help with running an agency or brokerage. Learn what company is coming out with the latest claims program or risk mitigation software.

State Farm partners up with an Arizona autonomous vehicle consortium

Julie Campbell
Autonomous vehicle - Arizona Gov. Doug Ducey

The partnership makes the insurer the first one to join forces with this automotive technology group. The Institute for Automated Mobility (I.A.M.) and State Farm Insurance have announced that they are entering into an autonomous vehicle partnership. The consortium was launched a year ago and was formed to move ahead the development of automated vehicles. The partnership represents the first entry of an insurer into this effort. Governor Doug Ducey made the first announcement of this new tech and insurance partnership. Arizona Governor Ducey made the announcement that State Farm…

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Allstate insurance analytics prepare for anticipated transportation industry changes

G. Turner
Insurance analytics - Cars in Rush Hour

The insurer has gone all-in to work the data ahead of widespread expected automotive changes. Allstate has gone for it with the development of an insurance analytics company. The goal is to use it to be prepared for a massive overhaul of the transportation that it anticipates in the not-too-distant future. Roadways have become very dangerous as they are increasingly used and congested at all times. A recent Forbes report focused on an interview with Gary Hallgren, the president of Arity, a company Allstate created in 2016 in order to…

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Tencent takes more of Indian insurance market with 10% Policybazaar stake purchase

H. Cutner
Indian Insurance Market - Tencent HQ

The Chinese tech giant has acquired a minority state in the home, auto and life comparison company. Tencent Holding Ltd. has just taken more of its first steps into the Indian insurance market with an acquisition of a 10 percent stake of Indian online insurance aggregator Policybazaar. This values the Indian company at $1.5 billion. The Chinese technology giant has been working to grab a piece of India’s growing insurance sector. The 10 percent Policybazaar stake was obtained through a purchase of half of Tiger Global Management LLC’s stake in…

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Innovation Group Unveils IG Gateway, A Mobile, Unified Cloud Platform for Property & Auto Claims Coordination

PR Article
innovation group auto and property claims

LAS VEGAS – SEMA Show, Nov. 5, 2019 – Innovation Group, an international insurance claims administrator for auto, property, body shops, fleet and leasing operators with 1,200 global clients, today announced official release of its cloud-based, integrated and scalable mobile claims management application that enables  all parties to track/manage claims processing from FNOL to settlement.   A digital hub for all stakeholders in the claims process, the Innovation Group platform brings complete transparency to the claims process and is accessible by adjusters, contractors, body shops and fleet operators, policyholders and…

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Ping An Insurance moves to recreate itself as a technology firm

H. Cutner
Ping An Insurance - Skyscraper sunshine

The company is aiming to spend $22 billion to dump its old-school image and reputation. Ping An Insurance is changing lanes in the hopes of transforming itself into a technology company. The firm has come up with a plan to spend billions in order to recreate itself in this new way. That said, the Ping An Insurance executives have not yet managed to sway investors to see their way in spending $22 billion for this purpose. The money would be spent on everything from artificial intelligence (A.I.) to blockchain. The…

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