Blockchain

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.

Education provider for P&C industry aims to advance development of insurance use cases for the technology.

Sastry Durvasula will lead the design and delivery of the broker's data & analytics technology across its global business.

Carriers are ready to embrace digital transformation and are unlikely to be pushed out by insurtech startups, says EY’s David Connolly.

"Smart contracts" provide a shared view of policy data in real-time while helping fight fraud.

These technologies are due for increased adoption by carriers as they mature, according to experts.

The automaker and university say the technology can facilitate usage-based products.

Carriers are vexed by how best to operationalize the decentralized technology, says Aite Group analyst.

Global head of innovation Ace Moghimi gives Digital Insurance a tour of the insurer's innovation lab

In the heart of Toronto's MARS tech corridor, the insurer's Lab of Forward Thinking tackles insurance's future