Insurtech

Nationwide is partnering with Resideo Technologies to offer its thermostats, fire, smoke and water leak detectors, and related home security solutions to its policyholders in a pilot program starting in early 2024, with policy discounts for their use, according to company officials.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Businesses need to rethink their approaches to insurance cost reduction.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.

Panelists emphasized the significance of a comprehensive data strategy and ethical AI use, along with the industry's potential for innovation.

The insurer detected unusual activity in the network last week.

In other news: Betterview partners with Near Space Laps and CCC introduces new AI photo analysis.

A committee of Vesttoo creditors said the company is "viewed as the Madoff of insurance" and that its remaining cash should be preserved so it can pursue potential litigation against former corporate insiders and other parties involved in the alleged fraud, according to a court filing Sunday.

Spot cargo trucking insurance start-up adds partnerships, expanding its distribution and embedding in the markets where truckers book their freight assignments.

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.

AIG has pulled away from writing some business in California, while other insurers have taken similar steps in that state as well as in Florida.

Insurtech founded in 2018 uses AI to evaluate small businesses' risk, making it possible for them to get coverage from top carriers.

Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

A representative for Bolttech declined to comment.

How does mentorship yield dividends for leading a major carrier's technology efforts?

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.

As the insurance industry undergoes digital transformation, it has a unique opportunity to integrate diversity, equity and inclusion into its structure.

Insurtechs able to optimize the explosion of better data to accurately model and price risk, will become a vital link in the fight against climate change.

Digital Insurance is fielding its 2024 Predictions survey about technology and issues affecting insurance.

In other news: Markel names head of cargo and Aspida appoints CIO.