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Insurtech

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New technology uses AI to help insurers detect fraudulent activity

July 15, 2025 Top Stories No comments.
Robot analyzing insurance company website data. New technology uses AI to help insurers detect fraud.
New technology uses AI to help insurers detect fraud.

A new AI-powered solution helps insurers detect fraud by flagging unusual user activity directly on an insurance company’s website.

Read more

Wise to pay $4.2M, boost AML oversight in 6-state settlement

July 14, 2025

Regulators in that state, as well as California, Minnesota, Nebraska, New York and Texas, brought the administrative action, with each state to receive $700,000 under terms of the order.–“ Wise takes its responsibility to provide a safe and secure service to our customers very seriously,” a company spokesperson said Wednesday in an email.“ We continue to invest…

July 7, 2025
Robot analyzing data. How new AI benchmarking tool helps insurers track ROI.
New AI benchmarking tool helps insurers track ROI.

How new AI benchmarking tool helps insurers track ROI

Digital customer service platform Glia has launched a new benchmarking tool to help insurers “cut through the fog” in analyzing AI strategy.

June 30, 2025
Robotic spiders crawling over a digial globe. A major international cybercrime organization known as Scattered Spider is setting its sights squarely on the insurance industry.

Ex-FBI agent warns insurers: Beware ‘Scattered Spider’ cyber attacks

A major international cybercrime organization known as Scattered Spider is setting its sights squarely on the insurance industry.

June 27, 2025
Photo illustration of robot with cobwebs. Legacy mindset holding insurers back on AI, expert says.

Legacy mindset holding insurers back on implementing AI, expert says

An industry expert says while some insurers have implemented individual use-cases for AI, many still struggle to see a bigger-picture view.

June 24, 2025

How smart contracts could redefine insurance for agents

The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts.

June 23, 2025
Friendly looking robot helping a group of workers, who are all smiling. Expert shares practical tips for human-friendly AI adoption, upskilling.

Expert shares practical tips for human-friendly AI adoption, upskilling

As artificial intelligence remains a hot-button topic in insurance, one expert shares insights on best practices for adopting and scaling AI.

Aflac discloses cybersecurity incident

June 23, 2025

—Aflac said Friday that it experienced a cybersecurity incident last week that may have impacted files containing social security numbers, health information and other personal information. The insurance company first detected suspicious activity on its network last Thursday and "promptly initiated our cyber incident response protocols and stopped…

June 20, 2025
Illustration showing symbols for wealth and for bitcoin. Could-a-bitcoin-based-indexed-annuity-be-in-the-future

Could a bitcoin-based indexed annuity be in the future?

An insurtech holding company is seeking a fronting carrier and regulatory approval for a bitcoin-based indexed annuity.

Nvidia goes nuclear — company joins Bill Gates in backing TerraPower, a company building nuclear reactors for powering data centers

June 19, 2025

Nvidia, through its venture capital arm NVentures, has joined Bill Gates and HD Hyundai in raising $650 million to back TerraPower, Gates’ nuclear power startup founded in 2006 that’s been working on small modular reactor (SMR) technology to standardize, miniaturize, and scale nuclear power. The startup is developing a 345-megawatt Natrium plant in Wyoming that…

June 19, 2025
Group of robots are working in a large room with 3d interfaces. CFP Board convenes AI Working Group.

CFP Board convenes AI Working Group

The CFP Board has convened an AI Working Group to explore how artificial intelligence is transforming the financial planning ecosystem and to define the evolving role of human expertise in the future.

Erie Insurance sued over claims that customer data was exposed in 'ransomware' attack

June 16, 2025

The suit seeks monetary damages, lifetime identity protection for victims and a court order requiring Erie to strengthen its data security practices.

May 28, 2025
Illustration of an expert drawing an AI framework diagram on a whiteboard.

Free online tool helps insurers map out AI governance framework

Insurers now have a free resource to help develop their AI governance frameworks thanks to a new online assessment tool offered by SAS.

Information of 38,000 UChicago medical group patients potentially exposed in cybersecurity breach

May 28, 2025

UCM Medical Group said in a news release that one of its vendors— debt collection agency Nationwide Recovery Service— notified the group that in July an unauthorized person accessed the company’ s systems. The exposed information may have included first and last names, addresses, dates of birth, Social Security numbers, financial account information and/or…

Shootings, fraud investigation and a cyberattack: UnitedHealth goes from record highs to a 50% drop in stock price

May 19, 2025

In that time, the company has experienced the murder of a top executive, been embroiled in federal investigations for allegedly defrauding the U.S. government and suffered the fallout from a cyberattack that cost it billions. On November 11, 2024, UnitedHealth reached its all-time high on the stock market: $625 per share, giving it a market capitalization of…

May 19, 2025
Insurtech symbols overlapped with a $100 bill. Insurtech-investment-roars-back-in-Q1.

Insurtech investment roars back in Q1

After several quarters of stagnant growth and investor fatigue, the insurtech sector roared into 2025 with renewed purpose.

May 14, 2025
Image showing robotic arms doing SEO research on a PC. How-insurance-agents-can-use-custom-GPTs-to-improve-SEO-rankings.

How insurance agents can use custom GPTs to improve SEO rankings

Insurance agents seeking to improve their SEO rankings can capitalize on customized versions of AI platforms.

April 30, 2025
Illustration showing insurance workers using LLMs. Industry-specific-LLMs-to-become-focus-of-innovation,-expert-says.

Industry-specific LLMs to become focus of innovation, expert says

Industry-specific large language models are expected to drive innovation as AI adoption continues,, according to one expert.

April 28, 2025
Image of a hail storm. How-CIRSA-uses-hail-alerts-to-protect-municipal-fleets,-reduce-risk.

Q&A: How CIRSA uses hail alerts to protect municipal fleets, reduce risk

Hail property damage has gotten more severe over the last 7 or 8 years, prompting a proactive approach and the use of innovative technology.

April 25, 2025
Image showing an insurance agent in an old-fashioned office with an older PC and a pile of papers. Failure-to-modernize-operations-could-be-holding-American-insurance-companies-back.

How failure to modernize could be holding insurance companies back

Failure to modernize back-office operations and embrace new technology that enables efficiency could be holding some insurance companies back.

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