Finance

Carriers are wise to shore up security governance, data protection and incident response strategies, says Novarica's Tom Benton.

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

While the emergence of the chief data officer is undeniable, not every role is created equally or set-up for success. Here's how these pros view their own jobs.

But Zhong An's viability is still under review by investors.

Almost a decade after Zurich's implementation, the insurer's cloud journey presents lessons for carriers undergoing similar projects.

MetLife, Citigroup and other financial institutions have 'nearshored' to the region in hurricane's crosshairs.

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

The insurtech will use additional Series B funding to expand product development and services for its customers.

The division of XL Catlin, whose insurtech portfolio includes smart-device company Notion, seeks exceptional management teams in its ventures.

The carrier has hired its first chief innovation officer to manage the strategy.

The company looks to invest in startups, like the Ring video doorbell, that dovetail with its future vision of insurance.

Those assuming the job must combine technology expertise, business savvy and a vision of the organization's future, says Pierre Peladeau.

Algorithms and AI are very good at identifying patterns of behavior that predict certain outcomes, which can be used to sort people by the expected cost of care.

The Internet of Things Cybersecurity Improvement Act of 2017 calls for Internet-connected devices to be patchable, meet minimum data safety standards and have changeable password capability.

But challenges of implementing the technology include regulatory issues, incomplete data, lack of skilled employees and executive support.

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

The new system is powered by "AVA," a smart assistant leveraging telematics data to replicate accident scenes in seconds.

Total funding activity is up compared to Q1 2017 and from the same time last year.

Every insurance company is different, and its approach to collaborating with startups needs to conform to its particular circumstances.

Partner Martha Notaras says that her fund is working to keep up with a fast-moving market for new insurance technology companies.