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data analytics – insurtech
  • Home /#data-analytics
30 November 2020

Driver Data Is a Help and a Hazard for Auto Insurers

Real-world driving data from connected cars is both a treasure trove and a minefield for auto insurers. Big banks’ efforts to deal with financial technology ...

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 ...

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 ...

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 ...

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

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 ...

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 ...

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 ...

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 - ...

03 September 2019

Insurers Urged to Offer On-Demand Policies as InsurTech Funding Soars

A recent report, highlights an emerging trend of start-ups offering on-demand policies that allow customers to buy insurance by the hour, day or week. Variations can be ...

19 August 2019

Global AI insurance Premiums to Exceed $20B by 2024

New data from research forecasts immense growth in artificial intelligence ("AI") underwritten insurance premiums.

The study predicts that the value of AI ...

07 August 2019

Other States Join California in Passing (and Others Are Trying to Pass) Stricter Data Privacy and Security Legislation

While most companies are squarely focused on the California Consumer Privacy Act (CCPA), 2019 has seen other major developments on data privacy and security. Several ...

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

IP Rights for Data: Mortaring Over the Cracks

In the world of intellectual property rights, there are cracks the law doesn’t reach—areas that do not sit squarely within copyright, patent, or trade secret law. ...

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 ...

26 June 2019

Smart Licensing of Artificial Intelligence: What Licensing Issues Are Unique to AI?

Artificial intelligence (AI) is the newest golden child in technology. While definitions abound, we will define artificial intelligence as "the theory and development of ...

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 ...

15 June 2019

Car Companies Sharpen Focus on Curbing Distracted Driving

Carmakers are installing cameras and other monitoring technology in vehicles to help tackle the rising problem of distracted driving.

Volvo plans to roll out new ...

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

@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 ...

01 January 2019

2019 Insurance Outlook: Growing Economy Bolsters Insurers, but Longer-Term Trends May Require Transformation

Where do insurers stand as they enter 2019?

In Deloitte's 2019 report, this question is explored, among many more, regarding how the insurance industry must transform ...

30 December 2018

Digital Insurance in 2018: Driving Real Impact with Digital and Analytics

The 2018 McKinsey Digital Insurance Compendium synthesizes highlights from the past year that demonstrate the progress that has been made in reinventing the insurance ...

13 December 2018

Cigna’s Algorithms Aim to Predict Opioid Abuse

Machine learning and predictive analytics is helping the health insurance company identify customers likely to overdose.

Cigna Corp. is using artificial intelligence ...

26 November 2018

Marine Analytics Firm Concirrus announces Partnership with TransRe to Develop Data-Driven Reinsurance Products and Services

Concirrus, the marine analytics insurtech company, has agreed to work with TransRe, the global reinsurer, to jointly develop innovative data-driven reinsurance ...

06 November 2018

QBE’s Insurtech Partnership for SME Customers

Through a new partnership, QBE Insurance Group will be offering its small and medium enterprise (SME) customers access to a comprehensive cybersecurity platform.

The ...

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 ...

01 November 2018

Is the Insurer of the Future a Tech Company? PwC summit in Bermuda explores

At the PwC Insurance Summit, presented by the Financial Times, that occurred in Bermuda this past November, various topics on innovation in the insurance industry were ...

26 October 2018

As Digital Threats Grow, will Cyber Insurance Take Off?

Cyberattacks are more costly than the reoccurring damage from natural disasters: US$3 trillion in 2015, a price that is projected to climb to $6 trillion annually by ...

21 October 2018

From Agriculture to Art – the A.I. Wave Sweeps In

The internet is a technology of low-cost communication and connection. Everything from email to e-commerce to social networks has hinged on the internet’s ...

25 September 2018

Insurtech Fundraising Sets a Record for 2Q18

Insurtech transactions reached a new peak in the second quarter of 2018 - exceeding $5 billion - thanks to Artificial Intelligence (AI) advances in the sector giving ...

19 September 2018

Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup

One of the world’s largest stock exchanges, Nasdaq, has announced that it has made a $190 million public offer to Swedish fintech solutions firm Cinnober. As a ...

16 August 2018

Workers’ Comp Insurtech Pie Insurance Raises $11 Million

Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding ...

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

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

Across a variety of industries, more and more companies are building, buying and using Artificial Intelligence (AI) in their technology services agreements to further ...

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 ...

15 June 2018

June 15

Data Critical to Insurance Value Chain: Key Quotes from Mayer Brown’s Tech Transactions Group [Business Insurance]

CFPB Exploring Fintech Sandbox ...

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 ...

18 May 2018

May 18

Lemonade Launches First Ever Open Source Policy [Insurance Business]

QBE Pours Investment into AI Start-Up [Market Insider]

And So it Begins.. South Carolina ...

16 May 2018

Lemonade Launches an Open Source Insurance Policy that Anyone Can Edit

Insurance startup Lemonade has announced what it called the world's first open-sourced insurance policy. The new insurance policy, called Policy 2.0, will be open for ...

15 May 2018

Drones bring a ‘mindblowing’ level of data to claims: Allstate EVP

During his opening keynote for Digital Insurance’s Dig|In: The Digital Future of Insurance conference in Austin, TX, Ken Rosen, EVP and chief claims officer of ...

08 May 2018

South Carolina Governor Signs Data Security Bill Into Law

South Carolina became the first state to enact into law a comprehensive cybersecurity law requiring insurers to "establish a strong and aggressive program to protect ...

04 May 2018

May 4

Bermuda Invites Insurtechs to Play in its Sandbox [Bermuda Monetary Authority]

Beazley Bets on Blockchain [Reuters]

2030: Welcome to an AI-driven Insurance World ...

02 May 2018

Insurer Beazley to launch blockchain registry with Bitfury, Lloyd’s broker

Beazley has partnered with three companies to create a blockchain-based registry that will handle insurance crisis situations such as mass shootings, the companies ...

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 October 2017

weatherXchange Launches Instant Pricing for Parametric Weather Insurance

weatherXchange – a platform owned by Speedwell Weather – has launched an instantaneous indicative pricing service for index-based weather insurance and derivative ...

22 September 2017

September 22

Data + Risks = New ILS Deals [Intelligent Insurer, Subscription may be required]

Is Insurtech Moving Insurance From 'Grudge' to 'Nudge'? [Reuters]

Study – ...

11 September 2017

New Data + New Risks = New ILS Deals

The emergence of new technology is redefining the risk transfer industry. Munish Singla, global head of Escrow Solutions at Deutsche Bank, notes the ways in which rapid ...

08 September 2017

September 8

Drones Descend on Houston in Harvey’s Aftermath [Claims Journal]

Predictive Analytics Help Insurers Assess Harvey Auto Claims [Digital Insurance]

New Yorkers ...

05 September 2017

Esurance Turns to Predictive Analytics to Settle Harvey Claims Faster

Esurance is using predictive analytics to skip adjuster inspections on auto claims related to Hurricane Harvey. Images captured from planes equipped with cameras are run ...

19 June 2017

Start-up Raises £180m to Develop InsurTech Focused “insurance challenger”

Insurtech start-up Gryphon Group Holdings has raised  £180 million (US$229 million) in funding to develop an "insurance challenger" that will focus on life, critical ...

24 May 2017

May 24

Allianz gains liability risk ID tool [Insurance Journal]

AIG has data-analytics on its mind [Insurance Journal]

Sherpa/Gen Re partnership takes aim at the ...

15 May 2017

AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune

Through AIG's merger with Hamilton USA, AIG has agreed to further invest in Attune, a investment unit it created last year with Hamilton and Two Sigma Investments. ...

11 May 2017

Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks

Allianz Global Corporate & Specialty SE (AGCS), is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe ...

11 April 2017

Accenture’s New North American Innovation Center Addresses Insurers’ Digital Challenges

Accenture announced it is launching a new North American Innovation Center that will address the digital challenges that insurers face.

The new Center focuses on ...

10 April 2017

Zurich Insurance Signs Deal with BAE to Target Fraud

Zurich has partnered with BAE to implement BAE's NewReveal system. NetReveal uses data analytics to uncover hidden links and potential fraud.

Learn more about ...

27 March 2017

Insurers Finally Innovating After Slow Start

As insurtech continues to emerge as one of fintech's most dynamic sectors, incumbent providers are under increasing pressure to adjust to a more digital ...

02 February 2017

Navigating Through Uncertainty in The US Commercial Insurance Distribution

McKinsey & Company evaluates areas of risk that US commercial lines insurers will have to address in order to enhance the value they deliver and develop new ...

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 ...

10 July 2018

Mayer Brown Tech Talks, Episode 1: Staying Ahead of AI

Across a variety of industries, more and more companies are building, buying and using Artificial Intelligence (AI) in their technology services agreements to further ...

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