Advances in technology are producing better data, which leads to faster, more accurate and less invasive underwriting.
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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.
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.
Insurtechs and insurers leveraging AI are considering whether to build or buy their solutions. What’s the best answer?
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…
While generative AI can give insurers an advantage over competitors, the way they use it also matters, says IBM.
