Live Insurance News

New insurance technology solution introduced by Standish

May 30, 2014May 27, 2014 S.Vagus

Standish releases bundled solution for the insurance industry Standish Mellon Asset Management Company, the fixed income investment arm of BNY Mellon, has launched a new collection of solutions for insurance companies operating in the U.S. The collection includes asset management, global custody, accounting, and reporting solutions. Much of the insurance industry has been undergoing a shift to become more reliant on technology. As risks in various markets begin to evolve, technology is becoming a powerful tool in mitigating these risks and the exposure that the insurance industry faces. New solution…

Insurance technology is changing the game, says Swiss Re

May 20, 2014May 17, 2014 H. Cutner

The company released its latest sigma study, which has shown that tech has brought considerable change. A new sigma study released by Swiss Re has shown that insurance technology is considerably altering the way that insurers and customers interact, as each of those parties has been presented with considerable information and tools that had never before been available to either of them. Insurance companies are particularly benefiting with the amount that they can learn about their customers. What the conclusion of the study suggested was that insurers use the insurance…

Insurance technology could soon bring wearables into health care

March 12, 2014March 10, 2014 Julie Campbell

fitbit fitness tracker health care life insurance technology

Fitness and activity trackers are becoming popular and could provide helpful medical data. Just as pay as you drive policies are becoming popular among auto insurers, a new form of potential insurance technology is now becoming increasingly popular along with the trend of wearable devices and gadgets such as smartwatches and fitness bands. This could prove to be exceptionally helpful to the health care industry, and perhaps to insurers, as well. As fitness trackers such as Fitbit become increasingly commonplace, and major smartwatch manufacturers enhance their products with activity monitoring…

Insurance technology dispute creates turbulence between Oregon and Oracle

March 6, 2014March 4, 2014 Marc

Dispute between Oregon and Oracle threatens the capabilities of Cover Oregon Acclaimed technology firm Oracle has been at odds with the State of Oregon regarding its health insurance exchange. The exchange makes use of technology that has been developed by Oracle and this technology allows the exchange to operate as it is meant to. The problem, however, is that Cover Oregon is not yet fully developed and state officials have called into question the viability of Oracle’s insurance technology. The tension between the state and the technology firm had reached…

Bitcoin insurance is now available

January 15, 2014January 13, 2014 S.Vagus

Insurance coverage for digital currency comes to the UK Digital currency has been making slow progress with consumers and businesses alike for several years. The idea of digital currency is quite attractive, especially as mobile technology becomes more important in daily life. The idea, however, is also problematic in that digital currency is susceptible to a wide range of problems as well as being very attractive to hackers. Bitcoin could be considered the premier digital currency and its history has been marked by volatility, theft, and exploitation. Now, however, Bitcoin…