Blockchain

Companies will invest in building out and owning datasets, learning things about their customers that no one else does, and delivering exactly what those customers want and need.

One in four firms now make regular use of artificial intelligence and many are interested in the potential of other emerging technologies, says CompTIA.

Core system vendors like Guidewire, and Majesco have announced new digital capabilities that could significantly change how insurance technology firms compete.

Tech execs have become less certain of their ability to satisfy end users.

Rather than facing a simpler tech environment where the investment choices are obvious, it appears the insurance industry is at a point of inflection where the old established world may have to give way to the new.

The auto insurer will be the first to integrate with a platform that will simplify real-time verification of coverage.

The consortium already has 20 members exploring distributed-ledger technology, says executive director Chris McDaniel.

Blockchain may well become foundational to the business world and pervasive in insurance, but it is likely to evolve gradually over the next decade.

Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.

Artificial intelligence, intelligent apps, immersive-experience devices among Gartner’s technologies to watch.

Aon, Chubb, Willis Re and 20 more carriers have joined B3i, a working group looking to develop blockchain-based insurance solutions.

The move follows new CEO Brian Duperreault’s earlier assertions the insurer would develop data science and analytics capabilities for underwriting.

Carriers are working to change the culture around underwriting to be more data-driven, says EY study.

Carriers should partner with upstart companies to speed digitalization, consultant adds.

Carrier is looking to develop customer experience comparable to that of Amazon and Google, according to Cathleen Scerbo, VP of IT business operations.

The tech firn doubles down on attempts to back early-stage companies that are building software around AI, blockchain and computer vision.

The objective is to develop early use cases for life and health carriers that both leverage the girth of data available to them and offer regulators transparency.

CoCo Framework looks to serve as trusted framework for distributed ledger technology.

Insurer has partnered with Founders Factory, a London-based accelerator, to develop five health startups each year.

With 496 deals completed so far this year, insurance, wealth management, lending and blockchain-related companies continue to attract new dollars.