Allstate spinoff Arity uses cellphone data to be high-tech backseat driver In the auto insurance world, Gary Hallgren is Big Brother, watching more than a million drivers every day to determine who is likeliest to have an accident. Hallgren is president of Chicago-based Arity, a year-old Allstate tech startup that uses smartphone apps and add-on devices to track every move drivers make behind the wheel.
Talking blockchain with The Institutes' RiskBlock Alliance leader Digital Insurance sat down with McDaniel to talk about blockchain’s future in insurance. The Institutes recently tapped Christopher McDaniel as executive director of its fledgling RiskBlock Alliance, an industry consortium focused on making blockchain technology viable and practical for insurance providers.
Enhancing Claims Experience With AI Insurtech and artificial intelligence (AI) have become the new buzz words and mantra in the insurance industry. Creativity and innovation are thriving in Silicon Valley with more than 1,600 technology companies in the insurtech space for underwriting and claims. If you remember, back in the 1990s, experts predicted that if your company was not an internet company, you would not be around for long.
Reinsurance investment in InsurTech rises to $1 billion in Q217: Valen Analytics Reinsurance investment into InsurTech rose to $1 billion in Q2 2017 – an indicator that reinsurers are accelerating the pace of innovation in an industry rife with disruption, according to a report on InsurTech market dynamics by Valen Analytics.