Grace Crane

Newark

Reporter at Digital Insurance

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Articles

Meet the insurtech: Quantiphi

3 days ago | dig-in.com | Grace Crane

In an effort to feature more insurtechs, Digital Insurance has modified the format of our Meet the insurtech series. Reghu Hariharan, Quanitphi co-founder, shared the following responses, which have been lightly edited. Quantiphi's journey began rooted in a bold belief that set us apart from the start. At a time when AI was largely seen as an academic pursuit, we envisioned its potential as a transformative force for enterprises.
Geopolitical tensions threaten shipping sector, Allianz

5 days ago | dig-in.com | Grace Crane

Though global vessel losses reached a record low by the end of 2024, marine risk experts are raising concerns over the potential impacts from rising geopolitical tensions on the maritime sector, according to the Allianz Commercial "Safety and Shipping Review 2025."Allianz's data analysis reveals that in the 1990s, global fleets saw over 200 vessel losses a year, but total losses were halved by a decade ago at nearly a 75% decline.
Meet the insurtech: Warrant

1 week ago | dig-in.com | Grace Crane

In an effort to feature more insurtechs, Digital Insurance has modified the format of our Meet the insurtech series. Austin Carroll, Warrant CEO and founder, shared the following responses, which have been lightly edited. On March 9, 2023, I saw the first signs of the Silicon Valley Bank (SVB) collapse in founder Slack groups. I had just joined Brex two weeks earlier as the product marketing lead for banking. Within hours, SVB was in freefall.
Geospatial data uncovers lower wildfire-risk properties in California, Triple-I

2 weeks ago | dig-in.com | Grace Crane

Enjoy complimentary access to top ideas and insights — selected by our editors. The Insurance Information Institute (Triple-I)'s recent study shared insights into how geospatial property-level data analysis can help insurers more accurately identify insurable properties in wildfire-prone areas of California previously deemed too high-risk.
Ransomware claims costly but stabilized in 2024, Coalition

2 weeks ago | dig-in.com | Grace Crane

Coalition's 2025 Cyber Claims Report, which offers information on emerging cyber trends and data on Coalition policyholders, found that ransomware claims stabilized in 2024. Ransom demands, the most costly and disruptive cyber incidents, according to Coalition, dropped 22% to an average of $1.1 million, and 44% of policyholders victim to a ransomware attack paid the ransom.
Global insured losses exceed $100 billion annually, Geneva Association

3 weeks ago | dig-in.com | Grace Crane

According to a new Geneva Association report global insured losses from natural catastrophes now regularly exceed $100 billion annually. The report, "Safeguarding Home Insurance: Reducing exposure and vulnerability to extreme weather," analyzes how extreme weather risks, increased insured losses and socioeconomic factors, such as outdated building codes or ageing infrastructure, are mounting pressure on both the availability and affordability of home insurance.
Allstate joins the Chicago Quantum Exchange as corporate partner

3 weeks ago | dig-in.com | Grace Crane

Allstate recently joined the Chicago Quantum Exchange (CQE), a hub of quantum science and engineering information based at the University of Chicago, as a corporate partner. According to the press release, Allstate sees potential in quantum computing's accelerated ability to analyze high volumes of data and improve accuracy and scalability across business operations, thus transforming insurance risk assessment and fraud detection capabilities.
How tech attracts Gen Z talent to insurance, New York Life

1 month ago | dig-in.com | Grace Crane

In 2023, the amount of Gen Z individuals in the workforce surpassed the number of Baby Boomers for the first time, according to the United States Employment and Training Administration, and Gen Z workers were 18% of the workforce in early 2024. Digital Insurance interviewed Elizabeth Tyndell, vice president and head of talent acquisition at New York Life, to discuss how the life insurer is attracting early career talent to the insurance industry.
The greatest obstacles insurance leaders face in workforce changes

1 month ago | dig-in.com | Grace Crane

Research from Digital Insurance, conducted during January and February 2025, reveals deeper insights into how insurance companies are currently addressing or planning to address employee skill gaps and talent challenges in the insurance industry.
Reporter's notebook: Emerging climate technologies in insurance

1 month ago | dig-in.com | Grace Crane

Climate experts and professionals in the insurance, finance and mortgage industries shared their insights into trending and emerging climate-risk innovations at ClimateTech Connect, held April 15-16, 2025 in Washington D.C. Panelists discussed innovations with Generative AI and digital tools for improved customer experience and education, new approaches to financial solutions for resiliency efforts at the community and homeowner levels and advances in risk detection with Internet of Things...