The companies are working closely to further refine what they characterize as the industry’s first fully probabilistic model for extreme liability events.
Roy Wright will assume leadership of the research and communication organization supported by the property insurance industry, succeeding Julie Rochman, who is retiring.
The launch is a salvo in the battle for information providers to establish connected car data access with OEM, who are gaining control of data that can power usage-based insurance.
Accidents on March 23 and 25 have implications for the development of autonomous vehicles and what that means for insurance, but potential safety gains are compelling.
Specializing in in embedded and distributed analytics, the vendor has entered the insurance vertical with solutions designed to accelerate carriers’ digital transformation journey.
IIR talks to the co-founder of the Silicon Valley Accelerator at SVIA FUSION 2018-Commercial Insurance: Digital Innovation & Emerging Risks.
The event combined presentations and panel discussions on the commercial insurance/enterprise risk management theme, showcases of relevant startups, and networking.
We may see an even larger wave of InsurTech capital in the coming years, continuing the upward trend in overall market funding, which has increased for six straight years.
Don’t build your insurance program based on just one technology; instead, embrace openness and leverage open data exchanges to overcome data matching and management issues.
The partnership will allow Starr to expand its existing UAV insurance product to offer a telematics-based insurance to UAV operators.