insurance
How AAIS innovates with blockchain to ease regulatory reporting
“How AAIS uses blockchain to ease regulatory reporting” by Joan Zerkovich originally appeared on Blockchain Pulse. Insurance carriers have been collecting data for decades. The American Association of Insurance Services, or AAIS, serves as a bridge between carriers and regulators for regulatory reporting. We anonymize and aggregate a specific subset of a carriers’ data and share it with regulators. For the past 80 […]
How IoT technology is helping insurers drive innovation
Imagine that your elderly grandfather is driving home from the grocery store and makes a left turn onto the highway ramp. The only problem – it’s the exit, not the on-ramp! Thankfully, he has a connected car with a real-time monitoring device that immediately notes the wrong turn and sends an alarm through his car […]
Progressive seeks industry edge with high-tech Quantum
The science and technology world has been abuzz about quantum computers for years, which promise to solve problems beyond what classical computers ever could. The first industry applications are now being explored and it is expected that within five years quantum computing will be mainstream. Companies like Progressive Insurance are already taking action to learn […]