Whew! Human Beats IBM’s AI Machine in Debate

Article 2 Comments International Business Machines Corp. fell short in its latest attempt to prove machines can triumph over man. But it came close. The tech giant’s six-year-old artificial intelligence debating system, affectionately dubbed “Miss Debater,” went head-to-head with one of the world’s most decorated practitioners Monday. After a 25-minute […]

China’s Ping An P&C Unveils Credit-Based Smart Auto Insurance Claim Solution

Article 0 Comments Ping An Property and Casualty Insurance Co. of China has launched a credit-based smart auto claim solution in China, to make it easier for car owners to make claims and encourage good driving habits. The credit-based system will go online across the country, having completed testing in […]

Anti-Fraud Specialist FRISS Expands into France

Article 0 Comments FRISS, the provider of fraud and risk solutions for the property/casualty insurance industry, announced the opening of its French office in Paris. At the same time FRISS is expanding their team, led by the country manager Nicolas Kaploun. The expansion into France is a next phase of […]

AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting

Article 0 Comments AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive computing software based on AI algorithms. In order to help with the assessment of property […]

Robots Haven’t Eliminated Many Jobs – So Far: World Bank

Article 0 Comments The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines. While advanced economies have shed industrial jobs over the last two […]

How Big Tech Is Using Artificial Intelligence to Stop Hackers

Article 0 Comments Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, the admin wasn’t on vacation. A hacker […]

Competition in Artificial Intelligence Is Like New Space Race: Viewpoint

Article 0 Comments It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed environments or at narrow tasks. The good news is that, as the technology progresses, the race for leadership is still wide open, and even Europe, where politicians […]

AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck

Article 0 Comments Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America. Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of information management at American International Group (AIG), which he joined AIG in 2013 to lead […]

Marsh Joins with Insurtech Firm Concirrus to Drive Behavioral Analytics in Marine Market

Article 0 Comments Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive the use of behavioral data in the global marine market through Concirrus’s Quest Marine platform. Leveraging […]

Softbank Plans Big Push into Insurance Investments

Article 0 Comments Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In the past year, the world’s biggest private […]