The deal helps the firm to add programming tools and tie up with a company that has become a key part of the way it writes its own software.

In addition, the insurtech, which is looking to establish itself countrywide, is moving into a new 65,000-square-foot facility and recently secured $51 million in additional funding.

Here are three things insurers can do to take maximum advantage of machine learning’s potential.

Top reasons cited include rapid technology development, followed by customer needs and expectations, and the need to break down internal siloes to enable better decision-making.

The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.

Telematics technology from Octo Telematics will power the MyPace program, which launches in July.

Insurer and its Arity and Answer Financial subsidiaries will leverage data collected through Life360 for driver feedback and insurance options.

Rather than just replace jobs, advanced computing technologies could augment them, as long as investments and training are strategic, says Accenture.

Insurers may be holding back due to concerns over the perceived cost, a lack of technology skillset, or potential changes in personal auto risks.

How do you create an environment to support rapid innovation while protecting the company from its own excesses? Consider these five steps to moving fast without breaking things.

Insurers have to manage the process carefully to get the most out of transformation efforts.

Healthcare organizations should encourage staff to avoid common mistakes to ensure network security.

Advanced analytics capabilities are the key platform for new products and services, EY’s David Bassi says.

Amelia platform from IPsoft has been involved in more than 3 million customer conversations since September.

The insurer explored how homeowners customers could get the most value from water sensors through hands-on experiments.

Insurance is a data business, and a marquee piece of legislation impacting data ownership and portability is likely to impact the sector greatly.

The $724 million in deal volume so far this year is a significant increase from the same period in 2017, say Willis Towers Watson and CB Insights.

Though these carriers may be tempted to make incremental changes to save resources, bigger moves are recommended.

For carriers looking to position themselves to succeed in the future, it can be a challenge to promote innovative thinking.

The EU's General Data Protection Regulation will require firms to get consent to use personal data in automating decisions.