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…
How insurers can weather extreme storms with AI
AI-based tools can be used to help speed up the initial assessment of claims and triage them
Insurance industry slow to adopt AI. How has that affected productivity?
An ActivTrak Productivity Lab study examines the productivity of the insurance industry in the face of low AI adoption.
Should financial advisors use AI? An expert weighs in
With many consumers having embraced AI themselves, how do they feel about financial advisors using the technology. One expert weighs in.
Expert looks at range of insurance industry trends as AI takes hold
With the advance of AI, change in markets, and ongoing challenges, the insurance industry is carving out new strategies.
‘Explainable AI’ in insurance: 5 best practices & 4 major challenges
As increasing use cases of AI in insurance add urgency to the need for explainability, experts are recommending best practices.
State insurance regulator on pace of AI rules: ‘We must go faster’
Artificial intelligence is developing fast, maybe too fast for state insurance regulators. But some say they have to move faster.
Supplemental health startup breaks new ground with wide coverage, quick cash payouts
Startup Ansel Health has carved a niche in the supplemental health insurance space in its effort to provide a better way.
What is ‘explainable AI,’ and why must insurers address it now?
American insurers are being urged not to drag their feet on ensuring their use of AI is “explainable” to regulators and consumers.
5 essential lessons insurtechs can learn from past failures
New insurtechs can help ensure success by learning essential lessons from the failures of past companies, say experts.
CFP Board publishes guide to help CFP professionals in using GenAI
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 launches new tools to help life insurers adopt AI
LIMRA’s AI Governance Group launches tools and resources to help life insurance companies effectively adopt AI.
Most experts advise insurers not to expect federal AI guidelines
Most legal and insurance industry experts aren’t expecting federal AI guidelines anytime soon under the Trump administration.
Bestow CEO explains how insurtechs must differentiate in age of AI
In the age of AI, insurtechs must find ways to differentiate themselves and adapt, says Bestow CEO Melbourne O’Banion.
Building your business with generative AI
The business case of generative AI for the financial services profession is helping advisors speed up their processes to allow them to serve more clients with the same 24 hours in a day.
Has insurtech Lemonade finally turned the corner?
Lemonade shares increased 94% in the last three months, based on recent performance. Can profitability be close behind?
NEW CASTLE, DE, UNITED STATES, March 5, 2025/ EINPresswire.com/– Allied Market Research published a report, titled, " Generative AI in Insurance Market by Component, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global generative AI in insurance industry generated$ 761.4 million in 2022, and…
KPMG's 2024 Generative AI Consumer Trust Survey found that about half of consumers think there is not sufficient regulation of generative AI right now. The lack of oversight tracks with limited trust that institutions— particularly tech companies and the federal government— will ethically develop and implement AI, according to KPMG. Within the tech…
