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big data – insurtech
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08 December 2020

Insurance Technology and Innovation: Invest, Buy or Build

2020 marked the Mayer Brown Insurance Industry Forum’s seventh year bringing together industry leaders, insurance regulators and leading bankers and advisors to the ...

15 October 2020

Six Tech Trends to Watch in the Insurance Industry

The insurance industry is in the middle of a significant evolution, largely driven by the changing expectations of modern customers, new competitors, and the unique ...

05 October 2020

Three snagging points slowing the progression of telematics in insurance

For telematics and connected car programs to work in the insurance industry, there has to be a multi-stakeholder approach that acknowledges the growing co-dependence ...

31 July 2020

Rewriting the rules: Digital and AI-powered underwriting in life insurance

To many consumers, buying life insurance can be painful. Despite insurance companies’ substantial investments over the past several years in digitizing customer ...

14 July 2020

Pandemic Insurance Pressures Will Keep Insurtech Health

Like every other market, insurtech will feel the effects of the COVID-19 pandemic in the coming years. But unlike many sectors, the global health crisis may slow the ...

30 June 2020

AI Only Scratching the Surface of Potential in Financial Services

Financial services companies are becoming hooked on artificial intelligence, using it to automate menial tasks, analyze data, improve customer service and comply with ...

15 June 2020

US to Unveil Voluntary Self-Driving Testing Data-Sharing Effort

US auto safety regulators are set to will unveil a voluntary effort to collect and make available nationwide data on existing autonomous vehicle testing. States have a ...

12 June 2020

How Insurance Can Prepare for the Next Distribution Model

As the COVID-19 crisis evolves, it will continue to affect insurance distribution around the world. Insurers can prepare by building a strategy focused on near- and ...

02 June 2020

Pandemic Stay-at-Home Experience Raises P&C Insurers’ Bar for Delivering Digitally

Significant investments in direct-to-consumer website and mobile design have helped property & casualty insurance companies improve their digital service and ...

30 April 2020

As Coronavirus Strikes, Crucial Data In Electronic Health Records Hard To Harvest

Over the past decade, federal officials have made efforts to move from paper to electronic health records ("EHRs"), expecting to harness volumes of medical data to ...

19 April 2020

Will COVID-19 Give Telematics New Life?

Given that vehicle usage is a fundamental and historical rating factor – a predictor of accident frequency – one could conjecture that telematics might be heading ...

31 March 2020

The Impact of Coronavirus on the Insurtech Scene

What does this global pandemic mean for the insurtechs? Potential consequences are that some of the insurtechs in a very early stage, might struggle because of less ...

31 March 2020

6 InsurTechs Helping Gig Economy Workers During the Pandemic

As the COVID-19 crisis unfolds, many startups and digital-only insurance providers are finding ways to support customers as well as non-customers during the crisis, ...

27 March 2020

The impact of coronavirus (COVID-19) on the insurance industry. What does this mean for the insurtech startups?

The effects of the coronavirus pandemic have been felt in the global economy, and also for startups. This is potentially problematic for those that are underfunded , as ...

27 March 2020

How insurers can use big data to manage the COVID-19 pandemic

To take advantage of big data technology, insurance managers and underwriters need to first understand how to leverage its power in supporting their specific ...

25 March 2020

Ping An screening system identifies 1,600 coronavirus cases

Ping An Insurance (Group) Company of China, Ltd. has announced that its smart audio screening system has successfully identified more than 1,600 suspected cases of ...

25 March 2020

Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis

Reinsurance broker Guy Carpenter & Co. has entered into a strategic relationship with RiskGenius, an insurtech firm that utilizes AI technology to evaluate emerging ...

07 February 2020

February 2020

The Latest from Mayer Brown

Brexit
Brexit: The Way Forward
Across the Brexit Finish Line – And Now What?
Brexit: How Will It Affect My Business? The Implications ...

25 January 2020

Top 10 Insurtech Companies in 2020

Insurance giants have long hoped to bring more innovation into their business, but strict regulations and long-standing processes have hindered their progress. This ...

23 January 2020

Brexit: How Will It Affect My Business? The Implications for Data Privacy, Intellectual Property and Information Technology Matters

Brexit is finally here. The United Kingdom leaves the European Union on 31 January 2020. The EU and the UK will now enter a transition period which is scheduled to last ...

22 January 2020

Which Technologies Inject the Most Value into the Insurance Supply Chain?

The world of insurance is changing as new ways of doing business are making their mark on the industry.

Investment in the insurance technology space is continuing to ...

21 October 2019

Reinsurers Take the Technology Lead

When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. ...

18 October 2019

October 2019

The Latest from Mayer Brown
Regulatory Corner: California Attorney General Releases Proposed Regulations for the CCPA [Mayer Brown]
Cyber Resilience for Insurers - ...

16 October 2019

US and UK Sign Historic Bilateral Data Access Agreement

On October 7, 2019, the United States and United Kingdom released the text of a bilateral data access agreement that would permit law enforcement authorities in one ...

20 September 2019

Cyber Resilience for Insurers – GL20

The number of cyber attacks are on the increase and so is its level of sophistication. Because insurance companies are data-driven businesses holding vast amounts of ...

22 August 2019

Ransomware Attacks Are Testing Resolve of Cities Across America

In the age of interconnected devices and big technology, hearing about cyber attacks in the headlines is a common news story. More than 40 municipalities have been the ...

31 July 2019

ICO to Impose Fines Totaling of £275 Million Against Two International Businesses for GDPR Violations

In July 2019, the UK Information Commissioner’s Office (ICO), a European data protection supervisory authority, has flexed its muscles and has announced its intention ...

30 July 2019

Cybersecurity: Linchpin of the Digital Enterprise

As companies digitize businesses and automate operations, cyber risks proliferate, necessitating cybersecurity organizations to support a secure digital agenda. ...

23 July 2019

Cloudy With A Chance of Automation: Automated Security Services Essential For Cloud Security

Enterprise cloud operations are expanding and maturing, but as with any natural maturation, inevitable growing pains must be endured and overcome.

As organizations ...

23 July 2019

Cloudy with a Chance of Automation: Automated Security Services Essential for Cloud Security

Enterprise cloud operations are expanding and maturing, but as with any natural maturation, inevitable growing pains must be endured and overcome.

As organizations ...

08 July 2019

July 2019

The Latest from Mayer Brown
Regulatory Corner: Acquiring Ownership – Considerations in Acquiring a “Controlling” Interest in a US Insurance Company [Insurtech by ...

24 June 2019

Impacts of Brazil’s New General Law of Data Protection On Labor Relationships

The New General Law of Data Protection (LGPD) innovates how the personal data must be processed by companies in Brazil. Inspired by the European General Data Protection ...

11 June 2019

How Insurers Are Digitizing Claims with Apps, Photos, Videos, E-Payments and More

Traditional insurers are utilizing technology to improve customer experiences and business functions in greater numbers. Allstate reports that 60% of claims are handled ...

10 June 2019

June 2019

The Latest from Mayer Brown
Regulatory Corner: Breaking Down Blockchain - Implications of Blockchain Technology for the Insurance Industry [Insurtech by Mayer ...

10 June 2019

@Insurance Snapshot: Regulatory Corner – Breaking Down Blockchain: Implications of Blockchain Technology for the Insurance Industry

As the decade comes to a close, new technologies are having a major impact on how insurance industry participants conduct their operations – especially how they ...

10 May 2019

May 2019

The Latest from Mayer Brown
Regulatory Corner: The California Consumer Privacy Act - Key Takeaways for Insurers and Insurance Regulators [Insurtech by Mayer ...

16 April 2019

Dos and Dont’s for Big Data Analytics

Machine learning, artificial intelligence and other big data analytics tools are delivering business value by producing valuable insights and augmenting human ...

10 April 2019

April 2019

The Latest from Mayer Brown
Regulatory Corner: Corporate Governance Gaining Ground – An Update on the NAIC Corporate Governance Annual Disclosure Act [Insurtech by ...

28 March 2019

Survey Finds Carriers Turning to Analytics to Fight Growth in Fraud

Insurers believe that fraud in on the rise, and they are increasingly turning to advanced analytics to fight it, according to the results of a survey released by the ...

26 March 2019

Insurers Creating a Consumer Ratings Service for Cybersecurity Industry

Some of the world’s biggest insurers plan to work together on an assessment of the best cybersecurity available to businesses, an unusual collaboration that highlights ...

12 March 2019

March 2019

The Latest from Mayer Brown
Global Insurance Industry Year in Review 2018 [Mayer Brown Publication]
Regulatory Corner: An Unconventional Circular Letter - NYDFS ...

13 February 2019

From Art to Science: The Future of Underwriting in Commercial P&C Insurance

Recent research looking at leading commercial-focused property and casualty (P&C) companies over the past three decades affirms the traditional view that ...

11 February 2019

How AI Can Battle A Beast—Medical Insurance Fraud

Healthcare fraud costs tens of billions of dollars each year in the US alone, according to the FBI; this figure could soon be on the decline, though, as artificial ...

08 February 2019

February 2019

The Latest from Mayer Brown

Regulatory Corner: Finding Common Ground - Recent Developments in International Supervision [Insurtech by Mayer Brown]

Artificial ...

04 February 2019

Technology’s Impact on P&C Insurance in 2019

As consumers are looking for a more personalized experience, especially when purchasing something as important as Property and Casualty ("P&C") insurance, the ...

08 January 2019

Five Tech Trends That Will Define the Future of Insurance

With technology initiating dramatic changes that are reshaping the insurance industry, the forward-looking insurers are taking action and making investments that will ...

08 January 2019

January 2019

The Latest from Mayer Brown

Regulatory Corner: Keeping it Private - GDPR and Developments in Data Privacy in 2018 [Insurtech by Mayer Brown]

Push for Standardized ...

05 November 2018

The Insurance CFO: Disrupting and Taking Control

While insurance has long been data-rich, it is slower than other industries to derive value from its data – an opportunity for the role of Chief Financial Officer ...

05 November 2018

November 2018

The Latest from Mayer Brown
Regulatory Corner: Reinsurance Collateral Requirements - They Are A-Changing  [Insurtech by Mayer Brown]
Missiles, Malware and Merger ...

05 October 2018

October 2018

The Latest from Mayer Brown
Regulatory Corner: Deciphering Cybersecurity Initiatives in the Insurance Industry [Mayer Brown]
New Guidebook from Mayer Brown: ...

13 July 2018

July 13

Mayer Brown Tech Talks, Episode 1: Staying Ahead of AI with Rebecca Eisner [Mayer Brown]

California Enacts GDPR-Like Consumer Privacy Protections: What You Need to ...

10 July 2018

California Enacts GDPR-Like Consumer Privacy Protections: What You Need to Know

The state of California recently enacted the most sweeping general privacy statute in the United States. The California Consumer Privacy Act, codified in Assembly Bill ...

29 June 2018

June 29

Canaan Partners Launch New $20M Investment Strategy [Tech Crunch]

KPMG: Insurance Firms Eye M&A and Partnerships for Growth [KPMG]

Insurtech MGA Corvus ...

19 June 2018

Most Under-35s OK With Insurers Digital Spying If It Cuts Prices

A survey of more than 8,000 consumers globally by Salesforce.com's MuleSoft Inc. reveals that 62 percent of people between the ages of 18 and 34 are happy to allow ...

18 June 2018

Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage

Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue.

The new ...

11 June 2018

Why data is a fundamental source of value in insurance

Mayer Brown attorneys Dan Masur, Brad Peterson, and Donald Moon recently co-authored a chapter on “DOs and DON’Ts for Big Data Analytics” in Mayer Brown’s new ...

23 March 2018

March 23

Global Regulators Team Up to Bring Ideas (and Toys?) to International Regulatory Sandbox [Reuters]

Cigna Partners with Amazon to Bring New Voice (and Answers) to ...

21 March 2018

Big Data, Cybersecurity, and AI Top InsurTech Trends: Survey

The Infosys digital outlook report finds that the four digital technologies most in use by re/insurers today are big data for customer insight and wallet share, cyber ...

09 February 2018

February 9

2018 Outlook: Cybersecurity and Data Privacy, a Mayer Brown report [Mayer Brown]

Amazon-Berkshire Hathaway-JP Morgan Target Healthcare [The New York Times]

NAIC ...

15 December 2017

December 15

Proposal for NAIC Model Act on Insurance Innovation [Mayer Brown’s Insurtech Team]

NASDAQ May Bring Its Trading Technology to the Reinsurance Market ...

13 December 2017

Allstate Spinoff Arity Uses Cellphone Data to be High-tech Backseat Driver

The Chicago Tribune sat down with Gary Hallgren, president of Chicago-based Arity -- a year-old Allstate tech startup that uses smartphone apps and add-on devices to ...

12 December 2017

City of Hartford Launches First Insurtech Cohort

Hartford InsurTech Hub, the accelerator launched by Startupbootcamp in September, has announced which 11 startups will participate in the incubator’s first program, ...

01 December 2017

December 1

Dissecting NAIC’s Insurance Data Security Model Law : Mayer Brown's Larry Hamilton, Jeff Taft, Matt Bisanz and Evan Sippel-Feldman dig into the NAIC’s Insurance Data ...

29 November 2017

Allstate Fighting Consumer Fraud with Social Media Data

Allstate has announced a partnership with Carpe Data, a California-based company that uses fully automated data and predictive scoring products to allow insurance ...

20 October 2017

October 20

Regulators & Innovators Come Together in Silicon Valley [Mayer Brown's Insurtech Team] – Related: If you missed last week’s @Insurtech Snapshot, read our ...

13 October 2017

Give Data Back: Sharing to Better Protect You and Your Home

In order to encourage "collaborative prevention" with customers, AXA has launched a new tool that makes its loss data statistics publicly available on the "Give Data ...

04 July 2017

InsurTech & AI use of data to disrupt re/insurance: Willis Towers Watson

Willis Towers Watson's recent report identifies the combination of big data and artificial intelligence as an amplifying source to disruption in the re/insurance ...

04 June 2017

America’s Truckers Embrace Big Brother After Costing Insurers Millions

As sensor technologies move into every day use some insurance companies are starting to demand  America's truck drivers allow them to monitor their driving habits or ...

05 May 2017

Top Ten Opportunities and Legal Risks When Embracing New Technology

Bylined article by London Intellectual Property & IT Partner Oliver Yaros on the opportunities and legal risks when embracing new technology. Read the article here.

24 February 2017

Insurance and The Big Data Technology Revolution

The Financial Times discusses how insurers predict Big Data and technology will change the insurance industry and what these changes mean for the future of ...

01 October 2016

Harnessing The Power of Digital in Life Insurance

McKinsey & Company provides insights into how Big Data and advanced analytics will enable life insurers to better serve customers.

Read the report here.

28 February 2019

Global Insurance Industry Year in Review 2018

In this report, Mayer Brown's Global Insurance Industry Group discuss developments and trends in insurance industry transactions in the past year in North America, ...

14 February 2019

An Unconventional Circular Letter: NYDFS Provides the Nation’s First Directive on the Proper Use of Unconventional and Alternative Data

Last month, the New York State Department of Financial Services (the “DFS” or “Department”) became the first US regulator to impose specific, substantive ...

04 January 2019

Push for Standardized Data Security Controls for Insurers Gains Momentum

In late December, Ohio became the second state to adopt the National Association of Insurance Commissioners’ (NAIC) Insurance Data Model Law, joining South Carolina in ...

06 December 2018

@Insurance Snapshot: Regulatory Corner – Eyeing AI: Artificial Intelligence and its Increasing Impact on the Insurance Industry

The use of artificial intelligence (“AI”), which may be defined as the development of computer systems able to perform tasks normally associated with human ...

07 August 2018

Mayer Brown’s Tech Talks, Episode 3: The Big Data Paradox

Big data is top of mind at virtually every company and is often described as one of a business’s most valuable assets. In spite ...

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