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Insurtech

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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.

April 24, 2025

MIB Group introduces first e-signature platform specifically for life insurance

The first e-signature and workflow support platform specifically designed for life insurance should bring speed and simplicity to the industry, MIB Group said.

April 18, 2025
Image shows the word "Regulation" and the NAMIC logo
NAMIC says regulations efforts over use of AI in insurance are misguided at best.

NAMIC: Insurance AI regulation efforts driven by ‘unfounded notions’

Efforts to regulate the use of big data and artificial intelligence by insurance companies are misguided and threaten to harm policyholders, a trade group claims.

April 14, 2025
Illustration of a "smart" home and automobile showing data nodes throughout. How-data-augmentation-might-speed-up-AI-adoption-in-P&C-insurance.

How ‘data augmentation’ might speed up AI adoption in P&C insurance

While advances in artificial intelligence have been slow to reach commercial P&C insurance, new trends in data augmentation could help pick up the pace, according to experts on a recent Insurtech Insights panel.

Social Security changes have Minnesotans worrying and waiting

April 11, 2025

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…

April 11, 2025

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

April 9, 2025
Illustration of an insurance worker filing papers with rapid speed. Study-finds-insurance-industry-one-of-most-productive-despite-slow-AI-adoption.

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.

April 7, 2025
AI illustration with a financial advisor pondering use of AI with an AI angel over one shoulder and an AI devil over the other. Should-financial-advisors-use-AI--Expert-weighs-in.

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.

April 4, 2025
Image of an insurance agent watching a screen full of charts and graphs representing industry trends. Expert-looks-at-insurance-industry-trends-as-AI-takes-hold 1.

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.

April 2, 2025
AI scientist holds a virtual AI orb in his hands. Explainable-AI-in-insurance-5-best-practices-4-major-challenges.

‘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.

March 31, 2025
Image shows legal scales
State insurance regulators conceded that artificial intelligence regulation needs to proceed faster.

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.

March 29, 2025
Image of the Ansel Health logo. Supplemental-health-startup-breaks-new-ground-with-wide-coverage,-quick-cash-payouts.

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.

March 24, 2025
Photo illustration of an AI expert preparing to lecture on what explainable AI is as he seemingly holds an electronic orb in his hands. What-is-explainable-AI-and-why-insurers-must-address-it-now.

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.

March 21, 2025
Shadowy figures in the background with a large number 5 in the foreground. 5-essential-lessons-insurtechs-can-learn-from-past-failures.

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.

March 19, 2025
Illustration showing a pastiche of images of CFPs with the logo of the CFP Board overlapping the image. _CFP-Board-publishes-guide-to-help-CFP-professionals-in-using-GenAI.

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.

The Cigna Group Completes Sale of Medicare Businesses to HCSC

March 19, 2025

–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…

March 18, 2025
Image showing a person in business attire shaking hands with an AI robot. LIMRA launches new tools to help life insurers adopt AI

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.

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