With nuclear verdicts on an “alarming” rise, a brother and sister have teamed up to develop software to put insurers on alert.
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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.
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…
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.
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…
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.
Structural forces that could help the industry find new life.
Long-term care planning is a challenge for advisors and clients alike. What is the likelihood that a client will need care someday?
The incoming Trump administration could potentially revitalize the U.S. initial public offering market, one expert says.
With the top U.S. cybersecurity official making her exit, the incoming administration’s next move anyone’s guess.
While insurance companies are concerned about emerging AI fraud challenges, an industry expert suggests they focus on the basics for now.
Managing General Agents (MGAs) are increasingly turning to technology to stay competitive and drive innovation in the insurance industry.
Cloud technologies are already making a difference for agents, and they’re becoming more powerful by the day.
Here are seven top AI trends worth following.
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…
A few key trends and developments are expected to define the insurance industry’s future.
