Live Insurance News

Concirrus Launches AI-based Quest Property in US to Speed Claims Process

March 22, 2022March 21, 2022 PR Article

Concirrus, a leading insurtech that harnesses the power of AI, machine learning and data analytics to improve insurance… today announced the launch of its Quest Property solution in the US market available for both residential and commercial properties. Quest Property uses AI to process satellite and aerial imagery quickly and accurately, determining loss severity within hours of data acquisition. By giving greater control to the insurer, Quest Property significantly reduces the time and resources that go into the claims process while mitigating additional claim loss due to risk of fraud,…

GeoX partners with Sompo Japan to develop AI-based automated underwriting platforms

February 16, 2022February 15, 2022 PR Article

GeoX, a leader in supplying geospatial data to insurers Announced today a partnership with Sompo Holdings Inc., Sompo Japan Insurance Inc., and Sompo Risk Management Inc., specialty providers of property and casualty insurance and reinsurance with operations in the U.S. and 80,000 employees in 228 cities in 30 countries. This partnership will support Sompo Japan as it develops an automated underwriting methodology utilizing state-of-the-art AI technology. In recent years, advances in geospatial data technologies such as higher resolution and 3D satellite imagery have led insurers to use data in ways…

Meet META – an Insurtech Start-Up Disrupting Post Sales Experience in Insurance Industry with Their Super App Services

November 14, 2019November 16, 2019 Media24

META is a new age insurtech start-up, which claims to be the “real friend indeed,” for both customers as well as insurance providers, by adding new dimensions to the post sales engagement. For customers, who often struggle with insurance management, it acts as an insurance wallet & has bundled numerous value added services around the same eco-system of auto, health and life. META makes it convenient for the customers to manage multiple insurances from the same app. For Insurance providers it acts as the necessary bridge for them to stay…

iCracked to join SquareTrade following Allstate acquisition

February 15, 2019February 13, 2019 Marc

iCracked - Partnership - Aquisition - Handshake

Allstate Corporation has purchased the on-site, on-demand smartphone and tablet repair service provider. Allstate Corporation, the nationwide insurance company, has announced its acquisition of iCracked. That firm is a provider of on-demand, on-site smartphone and tablet repair services across North America. Allstate will be joining iCracked with SquareTrade, the insurer’s company offering related products. iCracked, a San Francisco-based firm, will join SquareTrade . That company belongs to Allstate and is a provider of tech support and consumer protection plans. iCracked currently operates in both the United States and Canada across…

Are you ready to make an insurance claim with voice-calling AI?

July 10, 2018July 9, 2018 Nordstrom

Google’s artificial intelligence is moving in as a replacement for low-skilled human labor jobs. Google’s surprisingly natural voice-calling AI may soon be headed to insurance call centers. A report by The Information was picked up and investigated by Engadget. The report showed that an insurance company in the United States has shown interest in Google’s AI tech. The insurance company was not named in either report, but it has expressed interest in AI. The Duplex voice-calling AI from Google would be able to “handle simple and repetitive customer calls” said…

Insurance drones will be broadly deployed by Hurricane Harvey claims adjusters

September 4, 2017September 2, 2017 Logan B.

The use of these unmanned aerial vehicles has been adopted by Allstate, State Farm and other major property insurers. Property insurance companies in Texas and Louisiana, such as Allstate and State Farm, are preparing to use their insurance drones to survey the aftermath of Hurricane Harvey. This insurance technology is expected to have an important role in inspecting commercial and residential damage. The insurance drones will first take to the air early this week, once the last of Hurricane Harvey makes its way out of the regions. If all goes…

Insurance technology jobs get hotter as AI’s role expands

April 21, 2017April 19, 2017 Julie Campbell

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 expanding in number and specialty. The more consumers show a preference for completing tasks online, the greater the need for large and skilled IT, programming and tech development departments. Current trends suggest that AI is a tech the insurance industry expects to be using in the very near future. In fact, a recent Accenture Plc survey suggested that…