Technology News

Nationwide Deploys Automated Mobile Unit for Hail Claims

news: The Automated Mobile Hail Estimating device uses high-definition cameras to accurately estimate hail damage.

Hartford Steam Boiler Backs Internet of Things Startup

news: The Munich Re unit has made an investment in Waygum, Inc., a technology startup that is building a mobile app platform for the Industrial Internet of Things.

Why Underwriters Don't Like Predictive Analytics

news: Four of five insurers say their underwriting staff are hesitant to adopt predictive analytics because they fear the technology will replace them, according to a Valen Analytics survey.

Former NYC CIO Joins TIAA-CREF

hr news: Rahul Merchant's career spans public- and private-sector work in financial services IT.

5 Key Trends from RSA Security Conference

news: The computer security industry is eating humble pie at this week's RSA Security Conference in San Francisco. Amid continued cybersecurity break-ins and a growing threat landscape, here are five key IT security and data protection trends emerging at the conference.

ADM to Use Drones for Crop Insurance Claims After FAA Approval

news: Drones are one of the latest tools in precision agriculture, in which data is collected by satellites and sensors and analyzed to maximize farm yields.

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Industry News

Evan Greenberg Says ‘Not Yet’ on Repeat of Insurer Stupidity

news: Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

Volcker Urges Merging Regulators to Bolster Financial Oversight

news: The Federal Reserve would be at the helm of a reorganized regulatory system that eliminates the Office of the Comptroller of the Currency and combines other agencies under the plan released Monday.

Florida’s Hurricane-Free Stretch Has Insurer Bracing for Storms

news: With hurricane season set to start June 1, Citizens is taking advantage of interest rates close to generational lows to bolster its claim-paying ability.

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WOMEN IN INSURANCE LEADERSHIP

State Farm, Allstate Among Top Companies for Female Executives

UPDATE: Six insurers in total have been recognized by the National Association for Female Executives for policies, practices and the number of women reaching the upper echelons of management.

President and CEO of Swiss Re Canada Announced

UPDATE: Veronica Scotti has a deep background in reinsurance and risk management, with a career spanning corporate finance advisory, asset management and strategy.

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Statistically Speaking

Underwriters Share Tech Pain Points

Many industry reports say carriers are investing in underwriting technology, but will all of these investments benefit underwriters?

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Blogs

Why Some Technologists Get Cold Feet on Mobile

Joe McKendrick
There are those who believe that favoring one channel or mode over another will lead to even more silos and dysfunction than we already have in many organizations.

With Google Favoring Mobile, Will The Industry Take it Seriously?

Jamie Macgregor
Google’s search engine will now will favor mobile friendly content over traditional website content; within the insurance industry, the greatest initial impact is likely to be felt by insurance distributors.

Insurance IT Spending and Budgeting Benchmarks

Matthew Josefowicz
New research from Novarica highlights areas of concern and offers insights on insurers spending and budgeting decisions.

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Aflac US Operations President Teresa White on Healthcare Reform and Innovation

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