Industry-specific large language models are expected to drive innovation as AI adoption continues,, according to one expert.
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Hail property damage has gotten more severe over the last 7 or 8 years, prompting a proactive approach and the use of innovative technology.
Failure to modernize back-office operations and embrace new technology that enables efficiency could be holding some insurance companies back.
The first e-signature and workflow support platform specifically designed for life insurance should bring speed and simplicity to the industry, MIB Group said.
Efforts to regulate the use of big data and artificial intelligence by insurance companies are misguided and threaten to harm policyholders, a trade group claims.
While advances in artificial intelligence have been slow to reach commercial P&C insurance, new trends in data augmentation could help pick up the pace, according to experts on a recent Insurtech Insights panel.
Discouraged by several hours-long waits on hold to make changes to the federal withholding on his Social Security payment— and unable to log in to his online account— retired teacher Lonnie Duberstein decided to make the 15- minute drive to his local office and do it in person. Senior advocates are warning of many possible issues facing Minnesotans as the…
AI-based tools can be used to help speed up the initial assessment of claims and triage them
An ActivTrak Productivity Lab study examines the productivity of the insurance industry in the face of low AI adoption.
With many consumers having embraced AI themselves, how do they feel about financial advisors using the technology. One expert weighs in.
With the advance of AI, change in markets, and ongoing challenges, the insurance industry is carving out new strategies.
As increasing use cases of AI in insurance add urgency to the need for explainability, experts are recommending best practices.
Artificial intelligence is developing fast, maybe too fast for state insurance regulators. But some say they have to move faster.
Startup Ansel Health has carved a niche in the supplemental health insurance space in its effort to provide a better way.
American insurers are being urged not to drag their feet on ensuring their use of AI is “explainable” to regulators and consumers.
New insurtechs can help ensure success by learning essential lessons from the failures of past companies, say experts.
The CFP Board has published a guide to assist professionals in using generative artificial intelligence (AI) in their professional services.
–Global health company The Cigna Group today announced the successful completion of the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation. The divestment of these assets streamlines The Cigna Group’s portfolio and enables it to drive further innovation to support…
LIMRA’s AI Governance Group launches tools and resources to help life insurance companies effectively adopt AI.
Most legal and insurance industry experts aren’t expecting federal AI guidelines anytime soon under the Trump administration.
