The latest insurtech trends and technologies, and their applications across the insurance industry.
Live from the ITC 2024 Vegas conference, InsuranceNewsNet Publisher Paul Feldman interviews leaders from Xcela, an AI-driven platform designed to simplify and accelerate the insurance sales and underwriting processes.
Live from ITC 2024 Vegas, InsuranceNewsNet Publisher Paul Feldman interviews Matthew Segreti, CTO of LIDP, a firm specializing in policy administration for life and annuity products.
Live from ITC Vegas, discover how Emtech is helping Insurance Companies and Insurtechs transform their QA their software projects faster and more efficiently than ever.
With nuclear verdicts on an “alarming” rise, a brother and sister have teamed up to develop software to put insurers on alert.
Hesitancy to leverage technologically driven marketing strategies could be costing RIAs hundreds in passive SEO leads every month.
Recent lawsuits allege driver data from embedded auto technology and mobile apps is being used unethically and illegally.
Advances in technology are producing better data, which leads to faster, more accurate and less invasive underwriting.
The AI readiness gap between insurance companies ready to adopt AI and those that aren’t, may boil down to a lack of vision, says one expert.
Advancements in AI and big data are gradually changing the traditional actuarial practice, according to an industry expert.
By combining human expertise with AI’s processing power, carriers can make progress in achieving a balance between efficiency and accuracy in underwriting.
—The 40- year-old founder of China’ s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.. Liang Wenfeng, who founded DeepSeek in 2023, was born in southern China's Guangdong…
DeepSeek, the Chinese artificial intelligence that has shaken the foundations of Silicon Valley’s technological giants, is not very self-aware. But this digital mastermind, capable of chatting in real time, is quite clear about the geopolitical context of its birth, and that US restrictions on access to the most advanced chips in China have contributed to its…
The Financial Industry Regulatory Authority, a private corporation also known as FINRA, goes further: You need to protect your investment accounts from "generative artificial intelligence" or Gen AI. FINRA oversees member broker-dealers who do business in the U.S.. "Gen AI is making it easier for bad actors to fraudulently open new accounts using investors'…
–The global insurtech market size is estimated to grow by USD 77.41 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 42.35% during the forecast period. Application 1.1 Marketing and distribution 1.2 IT support 1.3 Claim management 1.4 Policy administration and management 1.5 Others Deployment 2.1…
Artificial Intelligence startups in the United States raised 30 percent more in venture funds last year than in 2023, despite the fact that large companies developing this technology such as Sam Altman’s OpenAI or Elon Musk’s xAI have not reported profits, specialists indicated. The enthusiasm for AI technology, sparked in large part by the resounding…
The insurance technology sector received less investment for two consecutive years, 2022 and 2023, according to the Insurtech Global Outlook 2024, prepared by the consulting firm NTT DATA. "All of them are coexisting at the same time in the Mexican market, making investments and managing to continue growing, this is something very particular to the Mexican…
Generative AI has led to constructive disruption in the insurance industry, helping streamline operations, enabling more tailored and profitable product offerings, improving fraud detection, and supporting faster, more informed policyholder services in policy and claims management.
NEW YORK, Dec. 5– The Depository Trust and Clearing Corp., a provider of clearing and settlement services to the financial markets, issued the following news release:. New DTCC Survey highlights that 55% of respondents believe there is a high or very high chance of a high-impact systemic event in 2025. New York/ London/ Hong Kong/ Singapore/ Sydney, December 4, 2024- The…
Patrick T. McHenry, R- North Carolina, chairman of the House Financial Services Committee, issued the following news release:. Ahead of a hearing to examine how technology is shaping the future of finance, the Chairman of the House Financial Services Committee, Patrick McHenry, and Ranking Member Maxine Waters introduced two bipartisan measures highlighting…
–BrokerTech Ventures, the world’s largest broker-led accelerator and insurtech community, announced today the addition of Leavitt Group as a partner. Leavitt Group, one of the nation’s largest privately held insurance brokers headquartered in Cedar City, Utah, joins 13 brokers and 14 carriers, wholesalers, and community partners to strengthen the vast BTV…
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Allianz Life Insurance Company of North America.
