Insurers urged to temper expectations with AI pilots
The insurance industry deals with some specific challenges that can prevent AI pilots from taking off.
The insurance industry deals with some specific challenges that can prevent AI pilots from taking off.
Generative AI has moved well beyond the margins of claims management and is now woven into everyday workflows.
An impasse between ECU Health and insurer UnitedHealthcare shows that advances in medical technology like those offered by Nipro can't help when patients can't afford the treatment, Pitt County's congressman said. Greg Murphy, R- N.C., responded to questions about the dispute over reimbursement rates after touring the Nipro Medical Corporation facility…
New research from the Society of Actuaries has found insurance and financial services leaders across a range of sectors all named artificial intelligence as the top emerging risk for 2026 and in the years to come.
An American data and analytics firm is calling for industry-wide collaboration to find solutions for artificial intelligence-driven insurance fraud, which is becoming increasingly complex and widespread.
When Fidelity Investments announced a workforce restructuring last week, the Boston company was adamant: Artificial intelligence played no role in its decision to cut about 1,000 employees. Perhaps more surprising was that the family-controlled company led by Abigail Johnson also plans to hire 2,000 early-career workers— the very type of workers…
Medicare Advantage market penetration remains strong; however, the growth rate has slowed to a record low, of 2.4%; while Prescription Drug Plan enrollment soared to its highest growth rate level since 2013, according to a new analysis by Mark Farrah Associates, www.markfarrah.com. Over half, 51.8%, of people eligible for Medicare have decided on Medicare…
While many insurance providers have begun adopting artificial intelligence, others are already racing ahead to the next stage of scaling solutions.
State insurance regulators are at the implementation phase of guidance on artificial intelligence, following broader adoption of a model bulletin.
The following information was released by the University of Virginia's Darden Graduate School of Business Administration:. Over the past year, President Trump has intensified pressure on the Federal Reserve and Chair Jerome Powell to lower interest rates in a bid to boost the economy and cut borrowing costs. The question of central bank independence came up…
Tesla Inc. owners can avail lower insurance premiums with the Supervised Full Self-Driving technology. The Tesla North America handle posted on X on Tuesday, saying that the company will offer a“ score of 100” to drivers for“ every mile” driven with Supervised FSD with the Safety Score v3.0.“ This allows you to maintain a higher average safety score over time,…
Broadridge Financial Solutions Announced The Launch Of Its Next-generation Digital Asset Platform For Wealth Management Enabling All Canadian Wealth Managers To Accelerate Their Offering Of Crypto Currencies And Other Tokenized Assets.
How much can AI help the insurance industry offset the continued loss of institutional knowledge as talent ages out?
As more and more insurers leverage AI for underwriting, claims, and risk management, they face the need for explainability, defensibility, and accountability.
Experts say it’s possible, but it’s not without risk.
High-net-worth families often face elevated cyber risk because of their visibility, financial resources, and complex lifestyles.
–From adjusting the lighting in a photo to repairing a blurry image, AI‑ powered image editing tools have become part of everyday life– and increasingly, part of the insurance claims process. Verisk, a leading global data analytics and technology provider to the insurance industry, commissioned the Verisk State of Insurance Fraud study to provide insights into…
Only 38% of affluent investors are comfortable with artificial intelligence, according to Cerulli Edge-U.S. Retail Investor Edition.
A panel of insurance and legal leaders says artificial intelligence is rapidly transforming the life and annuities industry, but compliance is a concern.