Tag: Insurance Technology

J.D. Power Study Highlights Need for Proactive Digital Updates in Insurance Claims

J.D. Power's 2025 study reveals digital insurance claims improve satisfaction but highlights the need for proactive status updates and seamless end-to-end experiences.

AIA Life Uses AI OCR Tech to Detect and Prevent Insurance Fraud

AIA Life Insurance leverages LLM-based AI OCR technology to accelerate claims processing and identify suspected insurance fraud, enhancing consumer protection in the insurance sector.

Global Term Insurance Market to Reach $1.2 Trillion by 2032, Driven by Digital Transformation

Explore the projected growth of the global term insurance market to $1.2 trillion by 2032, driven by digital innovation, emerging economies, and evolving consumer preferences. Key insights on product types, regional growth, and top insurers included.

Nationwide Launches AI-Powered Virtual Home Inspection to Mitigate Risk

Nationwide partners with Chrp to offer AI-driven virtual home inspections, enhancing risk detection and loss prevention in homeowners insurance nationwide.

Summary: Overview of Allstate Insurance Portfolio and Market Activity Highlights

An overview of Allstate's insurance offerings, technological integration, and recent stock market movements unrelated to specific insurance regulatory developments. This summary briefs U.S. insurance professionals on general portfolio and market highlights.

Jerry Tops PYMNTS October Insurance App Rankings Amid Rising Auto Insurance Costs

Jerry’s AllCar app leads PYMNTS October 2025 insurance app rankings, reflecting consumer shifts amid rising auto insurance costs. Liberty Mutual and Lemonade also gain.

$17.5M Settlement for Infosys McCamish Systems Data Breach Impacts 3.7M

Infosys McCamish Systems settles $17.5M data breach affecting 3.7 million Americans, offering up to $6,000 in claims for compromised insurance data.

Bolt Launches VTRO Homeowners Insurance to Address California's Coverage Gap

Bolt unveils VTRO, a new homeowners insurance product with smart water sensor technology, designed to close California's insurance coverage gap and reduce preventable losses.

Millers Mutual Selects Duck Creek OnDemand to Modernize Multifamily Housing Insurance

Millers Mutual adopts Duck Creek OnDemand SaaS solutions to modernize core P&C insurance systems and enhance multifamily housing sector growth.

Carpe Data Enhances AI-Driven Fraud Detection in Property/Casualty Insurance

Carpe Data advances AI-enhanced fraud detection and automation in property/casualty insurance, improving claims efficiency and risk assessment with scalable, unbiased technology.