With insurers looking to outsource AI expertise, here are some recommendations they can use to better manage third-party AI contractors.
Four key regulatory AI trends insurance firms and professionals can expect to see this year, according to law firm Locke Lord.
The Centers for Medicare and Medicaid Services sent a memo to all Medicare Advantage carriers recently, clarifying that MA insurers are not allowed to use algorithms or artificial intelligence-powered tools as basis for denying care or coverage.
The hype died, the venture capital money dried up, and 2023 might have been the year the insurtech business came face to face with reality.
Both state regulators and insurers like New York Life are exploring the potential for artificial intelligence in the future of insurance.
U.S. Treasury Department to initiate further studies on the need for a federal cyber insurance program or “backstop.”
Financial advisors can use mobile wealth management apps as a means to increase client engagement and satisfaction, a recent study found.
While it’s expected Al will transform businesses like financial services, a consumer banking panel believes the changes will be jaw-dropping.
A DEI-focused technology partner can maximize the value of your operational investment and ensure accessibility for all.
The insurance industry is already expert in assessing risk, and that makes the industry well positioned to use generative artificial intelligence such as ChatGPT.
State regulators released a draft bulletin on artificial intelligence usage by insurers and it is not popular with lobbyists on either side of the issue.
Founder of Flyreel talks about use of how artificial intelligence in the insurance industry and what the future of AI might hold.
Though disruptive insurtech Lemonade recently set a record for settling an insurance claim , it hasn’t yet fulfilled its initial promise.
Low-code/no-code software enables insurance companies to customize their website while making the user experience easier.
A year-old unique partnership program to foster the entry of British insurtechs to the U.S. market recently signed up six new entrants.
We have all learned that AI can be wrong, but individuals assume liability if they propagate that information.
Despite some insurance industry modernization progress, much of the industry is stubbornly sticking to legacy technology.
The legal debate over use of biometric data entered a new forum recently with a lawsuit against Amazon for alleged violations of the New York City privacy statute.
To make the most out of working with carriers and other insurance industry stakeholders, consider this approach to product building and customer engagement.
