Open source technology. Collaboration and cooperation to improve the products and technologies necessary to move innovation forward. Building a platform where new applications are welcomed to extend the tool’s use cases. These fundamental practices led to the creation of the Internet…and are being seen again as distributed ledger technology takes center stage.
Data & Technology (9)
Parallels Between Yesterday and Tomorrow: Building Data Networks for Success
Jun 30, 2020 / by Joan Zerkovich posted in openIDL, Community, Technology, Data & Technology, Data Management/Distributed Ledger, Distributed Ledger, Insurtech, IoT, Blockchain, Data/Tech, 2020 VME, AAIS Views
Emerging Cyber Exposures
Jun 29, 2020 / by Linda Jancik posted in Personal Lines, Community, Issues & Trends, Data & Technology, IoT, Homeowners, Cyber, New/Emerging Risks, Underwriting, Berkley Re, AAIS Views, AAIS Family Cyber Protection Program
As today’s families fall asleep at night, they rest assured that they are protected from home perils. When thinking about keeping our homes safe, many think of the standard home perils: fire, floods, and burglary. However, as we delve further into the age of technology, many people forget that their homes are susceptible to more than physical perils. Danger can lurk within their phones, computers, and other IoT devices.
Looking Back and Looking Forward with a ‘Father of the Internet’
Jun 20, 2020 / by AAIS posted in Community, Data & Technology, Data Management/Distributed Ledger, Events, AAIS Event Archives, Data/Tech, 2020 VME, google, National Science Foundation, AAIS Views, Vint Cerf
The Internet was built on the concepts of open source, open collaboration, and cooperation. One industry pioneer believes these principles can and should be put into use today for continued success.
Open Source at Work: The COVID-19 Data Call
Jun 20, 2020 / by AAIS posted in openIDL, Community, Issues & Trends, Data & Technology, Insurance News/Current Events, Open Source, COVID-19, Insurtech, Regulatory/Compliance, Regulators, Travelers, Data Call, Business Interruption, The Hartford, AAIS Views
When the COVID-19 pandemic hit the United States, regulators quickly realized two problems. They would need to collect massive amounts of data and issue multiple data calls, particularly around business interruption, and there was no secure, efficient way to gather this data to truly understand the impact COVID-19 was having on the P&C market. With business interruption claims growing, a quick, effective solution was needed.
A Data-Driven Future: 2020 Auto Trends
Jun 16, 2020 / by Casey Brewer posted in Issues & Trends, Data & Technology, Insurtech, Telematics, P&C Insurers, Auto, Commercial Auto, Data/Tech, Data Management, 2020 VME, TNEDICCA, AAIS Views
The auto industry is fueling up for new technology down the road. Fully autonomous vehicles and advanced crash-data analysis will all impact not only how the industry operates, but how it is insured as well.
Safe at Home, Safe Online: Smart Homes, Sensors, and IoT
Jun 15, 2020 / by Linda Jancik posted in Personal Lines, Community, Technology, Issues & Trends, Data & Technology, IoT, Homeowners, Telematics, Cyber, P&C Insurers, Security, Data Management, 2020 VME, AAIS Views, NatCats, CFM Insurance, Roost, Neos
Advancements in technology have brought great strength to home security systems, transforming what we once considered an average house into a modern smart home.
Fighting Fire with Data: How Public Fire Protection Can Save Lives
Jun 13, 2020 / by Phil LeGrone posted in Community, Technology, Issues & Trends, Data & Technology, Homeowners, Modeling/Predictive Analytics, Fire, Data/Tech, Underwriting, Modeling/Actuarial, National Science Foundation, Homeowner By-Peril, NFIRS, AAIS Views
With more than $22 billion in losses recorded annually, fire insurance is burning a hole in the insurance industry’s proverbial pocket. Having used the same approach to assessing public fire protection (PFP) risk for the past 30 years, insurers have failed to evaluate the impact it has on overall loss cost.
Reliable Robotics Take on Tasks
Oct 21, 2019 / by Mutual Boiler Re posted in Community, Technology, Issues & Trends, Data & Technology, Robotics/Drones, Insurtech, IoT, New/Emerging Risks, Industry, Farming, Data/Tech, Mutual Boiler Re, FM Global Group, AAIS Views
Robots – once the subjects of science fiction books, movies and TV programs – are now real-life partners involved in our daily lives in many ways.
Robotic applications are cropping up everywhere to replace an assortment of jobs that
have been performed by humans for decades. Often times, they’re designed to perform a very specific task, allowing them to deliver enhanced productivity, reduced operating costs and decreased error rates. They can be found in various locations and industries, completing repetitive tasks such as assembling orders in a warehouse, harvesting crops on a farm and even preparing meals at a fast-food restaurant.
Leveraging Insurtech Capabilities
Oct 7, 2019 / by Truman Esmond posted in openIDL, Community, Technology, Issues & Trends, Data & Technology, Insurance News/Current Events, Tech News, Insurtech, IoT, Innovation, Design Thinking, Data/Tech, AAIS Views
“Insurtech.” It’s a buzzword that’s ricocheting across the insurance industry. But what does it really mean, and how can regulators and carriers leverage insurtech to support their goals and objectives?
Home Smart Home: Advances in Home Technology
Sep 19, 2019 / by Linda Jancik posted in Personal Lines, Community, Issues & Trends, Data & Technology, IoT, Homeowners, Cyber, New/Emerging Risks, Underwriting
Our houses are more than buildings; with the advances in smart home technology, they’re becoming technology centers, all focused on keeping us healthy, safe and protected. It’s an exciting advancement in the personal lines industry – but where should insurers focus their efforts, and how can they keep up with the rapid changes in home technology?