Recent Studies from Polytechnic University Milan Add New Data to Eurasian Economics (Translating Technological Innovation Into Efficiency: the Case of Us Public P&c Insurance Companies): Economics – E
By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on Economics - EurAsian Economics is now available. According to news reporting out of Milan, Italy, by NewsRx editors, research stated, “In recent years, Insurtech innovations, driven by technologies such as artificial intelligence and blockchain, emerged in the insurance industry, with the promise of improving efficiency. However, while the positive impact of technology on insurance companies’ efficiency is expected, literature assessing it empirically is scarce, when it comes to recent technological change.”
Financial support for this research came from Politecnico di Milano within the CRUI-CARE Agreement.
Our news journalists obtained a quote from the research from Polytechnic University Milan, “Focusing on the US public P&C insurance sector in the period 2012-2018 and relying on both nonparametric (two stage DEA) and parametric (SFA) approaches, it emerges that on average insurance companies were not able to leverage on technological innovations to improve their efficiency.