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Incumbents benefit from high barriers to entry, but are themselves less efficient and innovative, Accenture claims.

With enough information produced directly by vehicles, insurers can get most important information without making the customer work too hard.

Insurers including AIG, Travelers, Liberty Mutual and CNA have announced new staff in roles that will drive tech innovation throughout the year.

Shelia Anderson is tasked with modernizing core and developing new applications for customers.

The carrier piloted Snapsheet’s technology before launch, and found claims were settled up to 40% faster using the insurtech's software.

Top risks are often associated with the IoT, artificial intelligence, cloud computing and robotic process automation.

Moves from Allstate units Answer Financial and Arity, as well as MassMutual, illustrate increasing value of analytics expertise outside core insurance products.

The firm is releasing new cloud technologies to fight disease and help health providers abide by privacy laws as the medical sector moves to internet-based computing.

More than 75% of fintech executives surveyed in a new report acknowledge their primary business objective is to collaborate with banks and insurance companies.

Carriers need to combine traditional initiatives, such as business intelligence and core modernization, with investments in insurtechs.