The technology will be used to mitigate fall risks, emergency room visits and the long-term cost of insurance premiums.
The new offering is designed to predict future physical risk from flooding, extreme heat, high wind, drought, wildfire, hail, and earthquake for the entire planet.
CSAA Insurance Group’s CEO since April 2019, Troy talks about the company’s response to the pandemic and how it is shaping the way insurance companies operate and innovate.
The new solution uses video telematics and artificial intelligence to protect fleet customers from hazards outside their control.
This model serves to capture the effects of earthquake-induced ground shaking and liquefaction on risks located in continental Australia and the island of Tasmania.
The pandemic hasn’t slowed the pace of insurance innovation, but the insurance technology community’s largest in-person event has adapted to serve its global participants during a time of restricted travel.
The models help insurers and reinsurers enhance their risk management and have a unified and comprehensive view of flood risk across the U.S. for all property lines of business.
EMC Insurance and Next Level Ventures contributed $2.5 million, with other existing and new investors contributing the remaining $1.5 million.
CNA is accessing Touchstone in the AIR Cloud as a secure and cost-efficient alternative to on-premise deployment.
While COVID outbreak is of immediate urgency, insurers also must make sure to be prepared to climate-related with robust, comprehensive risk management practices.