Insurance

The business unit, created last year, leverages data science and extensive third-party data to price small business risk.

Individual state guidelines, dating back as far as the 1800s, cater to old paper-driven market, not a digital world where insurtechs produce data in real-time, says former NAIC president.

The $312 million invested in the past quarter follows an outlying peak in Q2, but still illustrates a year-long trend of gradual average increases.

Among selection of 9 emerging companies are several taking advantage of data from devices.

Australian insurer will leverage startup's machine learning platform to automate commercial underwriting.

Solaria Labs has helped the insurer bring new ideas to market that impact all corners of its business, says innovation VP.

The new platform, Quick Quote, generates online quotes for customers who only input a home address using third-party data.

Move adds to drug chain’s string of deals in pharma, health and analytics.

CVS processes drug benefits for insurers including Aetna, and also runs a chain of drug stores.

The program features 500 damage scenarios for professionals to learn from.

The life carrier is keen on finding the startups that will define insurance user experience and distribution in the future, says managing director Doug Russell.

Rising costs and frequency are driving carriers to develop reporting and appraisal apps, but customers are reticent to use the tools, says J.D. Power & Associates.

In acquiring Aetna's group benefits business, The Hartford expects to benefit from more data and better claims management.

Insurer looks to reward healthy living habits with discounts on gadgets and premium.

The move follows earlier investments by the carrier in its website, customer portals and core systems.

A bipartisan deal to shore up Obamacare exchanges has “stalled out,” a top Senate Republican said Wednesday.

Jon Colello, president and head of underwriting, advises carriers to focus on technologies and partnerships reducing data sharing costs.

The insurer will continue to improve its machine learning technology as it adapts and learns from customer inquiries.

Package includes subsidies to health insurers in advance of 2018 enrollment period, Lamar Alexander says.

Trump decision to end cost-sharing subsidies will cost insurers $1B this year, says Michael Consedine.