2016 will go down as a remarkable year for many reasons, and its impact on the insurance industry is no exception. Following are the news stories and features that drew the most eyes on our site this year as we chronicled a rapidly changing industry.
1. Google to Shut Down Auto Insurance Aggregator
It was somewhat shocking when Google announced it would discontinue Google Compare, an aggregator for auto insurance it ran in the UK and California, only about a year after its U.S. launch.Click here for the story.
2. AIG, ACE Vets Sign on With Startup Aiming to Uberize Insurance
Of the many startups that took on insurance this year, Lemonade was among the most intriguing. Stealthy most of the year, this was one of its first big news announcements. The company began selling policies in the fall.Click here for the story.
3. Accenture Sells 60% of Duck Creek
This deal portended a big year not just in volume of insurance technology vendor M&A activity, but in the size and import of the deals.Click here for the story
4. Allstates Tech Company Reveals New View of Telematics Value
Allstate announced the creation of a technology company within its own enterprise to explore the use of telematics and connected car data. The twist? It says it could see potentially licensing the solutions it creates to other insures.Click here for the story
5. Why You Shouldn't Expect Google to Give up On Insurance
A follow up on Googles Compare exit. Click here for the story
6. Inside USAAs Digital Innovation Philosophy
Check out what Michael Merwarth, USAAs SVP of strategy and innovation, had to say at INNs inaugural Dig | In: The Digital Future of Insurance conference.Click here for the story
7. How MassMutual's Data Science Lab Pushes the Envelope
Part of a package created after INN visited MassMutuals data science lab in Amherst, Mass., VP Sears Merritt talks about the organizations mandate. Click here for the story
8. Insurance Analytics Take the Next Step
Our examination of how insurance analytics strategies are evolving as the sector matures. Click here for the story
9. Catching up with Progressive s UBI Leader
A check-in with the leading U.S. insurer in usage-based insurance.Click here for the story
10. Insurers Pursue Big Data Despite Regulatory Headwinds
How insurers are navigating the privacy and regulatory issues inherent in leveraging big data.Click here for the story
11. Insurers Look to Tighten Cybersecurity Before Innovation
With regulators looking closely at insurers cybersecurity practices, carriers are working hard to secure networks as they plan new digital policyholder interactions.Click here for the story
12. How State Farm Achieved Testing Nirvana
Some tips on building a strong analytics organization from State Farms director of analytics Andy Pulkstenis.Click here for the story
13. John Hancock Cooks up Blockchain in the Lab
A story that combines two insurance industry trends: blockchain exploration and the corporate innovation lab.Click here for the story
14. Usage-Based Insurance is Running Out of Gas
An examination of the slowing take-up of UBI policies in the U.S.Click here for the story
15. Guidewire Acquires EagleEye Analytics
The first of three major acquisitions by the core systems giant this year.Click here for the story
16. CSC to Administer 7 Million MetLife Policies in BPS Agreement