December 6, 2024 Building vs buying an AI solution: What should insurtechs consider? Insurtechs and insurers leveraging AI are considering whether to build or buy their solutions. What’s the best answer?
November 29, 2024 Is there a winning AI strategy for insurers? IBM says yes While generative AI can give insurers an advantage over competitors, the way they use it also matters, says IBM.
November 22, 2024 Deepfake detection software helping insurers fight fraud The ease of creating convincing deepfake images and even videos is threatening to increase insurance fraud.
November 15, 2024 Calif. insurance dept. slammed on alleged failure to provide annuity sales complaint data A consumer group has taken issue with the California Department of Insurance’s refusal to provide annuity sales complaint data.
November 14, 2024 5 ways startups can survive insurtech’s ‘second wave’ As insurtech enters what’s being called its “second wave,” experts are suggesting companies target 5 key areas to sustain growth.
November 12, 2024 WA Cares survives vote, but ‘work to be done’ on LTC program An LTC organization is urging Washington officials to address outstanding issues with WA Cares, which survived a statewide vote.
November 4, 2024 US catastrophe claims hit 7-year high, report finds Catastrophe claims related to severe weather events reached a seven-year high in 2023, according to data analytics firm LexisNexis.
November 1, 2024 How insurers can tackle the cyber insurance risk of deepfakes A legal expert is urging insurers to keep abreast of the risks associated with one of the most complex forms of cyber crime: deepfakes.
October 30, 2024 Cover Genius CEO: Partnerships, agility define the future of insurtech The American insurtech landscape has entered a “second wave” that’s all about collaboration and partnerships, says the Cover Genius CEO.
October 28, 2024 Ratings agency ‘concerned’ Fla. insurers may be unfairly denying hurricane claims Florida-based Weiss Ratings agency is voicing concern about the high number of claim denials in the wake of Hurricanes Helene and Milton,
October 22, 2024 Fate of Wash. state’s long-term care insurance program hangs on vote The fate of WA Cares hangs in the balance as state residents prepare to vote on whether they should be allowed to opt out of the program.
October 15, 2024 EXL, NVIDIA develop ‘most accurate’ AI insurance model A US-based data solutions provider has begun rolling out a unique artificial intelligence model built specifically for the insurance industry.
October 14, 2024 ‘Junk fees’ crackdown a ‘win-win’ for insurtechs, expert says Insurtechs should view a “junk fees” crackdown as an opportunity to show value and establish trust, Cover Genius CRO says.
October 11, 2024 ‘Dawn of a new era’: Insurance chatbot industry to hit $4.5B by 2032 The global insurance chatbot market has experienced enormous growth and is expected to hit nearly $4.5 billion by 2032.
October 3, 2024 How one AI solution is aiming to help tackle insurance fraud One California-based data company is hoping its AI technology can be used to help fight insurance fraud across the industry.
October 2, 2024 Interest rates, AI usage among factors to drive whole life insurance growth LIMRA discusses the factors that will drive life insurance growth, as well as some challenges for carriers and agents.
September 24, 2024 Poor website design could be hindering Americans’ retirement planning, study finds A recent survey found approximately one in five retirement plan websites and mobile apps do not meet client expectations.
September 13, 2024 Illinois biometric law amendment brings relief to carriers A recent amendment to the Biometric Information Privacy Act in Illinois could help insurance carriers avoid heavy damages.
September 9, 2024 Attorneys: Chubb ruling could have ‘dangerous’ implications for brokers, policyholders A recent court ruling over the wording of a Chubb Insurance Company policy could add a new level of uncertainty to coverage expectations.
September 5, 2024 Appeals court partially overturns judgment in State Farm class action lawsuit Ninth Circuit Court of Appeals allows a class action lawsuit against State Farm to continue, partially reversing a previous decision.