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

A representative for Bolttech declined to comment.

Advanced driver assistance systems (ADAS) decrease risky behaviors, such as distracted driving and speeding, reducing auto claims.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

A new Chubb report identifies business trends and evolving risks affecting mid-market companies.

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

The New York State Insurance Fund, one of the largest workers comp insurers in the U.S., got over 1,000 policyholders on board its new claims information app in its first week.

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.

Software can pull attributes out of a claim file to provide claims professionals with a risk assessment score for the likelihood that the claim file could go nuclear.

Don Vu, who previously worked at Northwestern Mutual and WeWork, will lead a new AI and data team.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

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.

The top three insurtech-owned carriers had more than $10 billion combined in direct premiums written.

More carriers are offering digital assistants in their mobile browser and in-app, according to the Q3 2023 Mobile Insurance Scorecard.

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

Truist Bank has agreed to pay licensing fees to USAA for the use of mobile-check-deposit technology that USAA says it invented.

The insurtech has created a suite of SaaS solutions built on a cloud-based platform to enhance customer communications and increase engagement.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.