The transaction is expected to close early next year.

Adam Fox, MassMutual's head of distribution technology & data science, spoke with Digital Insurance about the main objectives of its Health and Wellness Program.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

Technology is enabling the creation of new products to enhance existing services and provide solutions to old problems.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

There were about 50 funding events in the insurtech sector in October, according to a review by Digital Insurance.

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

Michael Shashoua, senior editor of Digital Insurance, reported on developments from ITC Vegas Oct. 31-Nov. 2, 2023.

For the fifth year in a row, The Hartford ranked first in the small commercial insurance scorecard. Progressive ranked second. Nationwide ranked third.

The mobile app allows older adults to shop for final expense insurance with anonymity and product transparency.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

Insurtechs launching an ethical AI consortium to set guidelines for AI use and actuaries considering the pros and cons of the new technology are among the ways AI is changing insurance.

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.

Digital Insurance reached out to several insurance professionals to gain insight into what parametric insurance is, when it's triggered and how access to data plays a role.

The private equity firm is planning to solicit interest in the Waltham, Massachusetts-based company in 2024, said the people, who asked not to be identified discussing confidential information.

Upper management is at odds with their employees over AI use, hybrid work, dress codes and more.

Businesses need to rethink their approaches to insurance cost reduction.