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Insurtech

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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.

March 17, 2025
U.S. Capitol Building with the words "AI Regulation" superimposed. Most-experts-advise-insurers-not-to-expect-federal-AI-guidelines.

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.

March 10, 2025
Melbourne O'Banion, CEO and co-founder, Bestow Inc.
Melbourne O'Banion, CEO and co-founder, Bestow Inc.

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.

March 6, 2025

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.

March 6, 2025
Image of a business district with a large "Lemonade" sign wrapping around a corner building. Has-insurtech-Lemonade-finally-turned-the-corner.

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?

Projected Expansion of Generative AI in Insurance Market: Predicted Value to Reach $14.4 Billion by 2032

March 5, 2025

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…

5 ways companies are incorporating AI ethics

March 5, 2025

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…

March 4, 2025
Darcy Rittinger, chief risk officer, Cover Genius.
Darcy Rittinger, chief risk officer, Cover Genius.

Cover Genius CRO: Lack of AI regs is insurtech’s ‘biggest challenge’

A lack of regulation of AI usage in insurance is one of the biggest challenges facing the insurance industry today, says Cover Genius’ CRO.

February 24, 2025
Image of a robot looking at a technical panel with a large "4" displayed in the middle. Four-of-the-biggest-ethical-challenges-when-using-AI-in-insurance.

Four of the biggest ethical challenges when using AI in insurance

When it comes to using AI, experts say there are four major ethical challenges faced by insurance professionals.

The Future Of Wall Street And Enterprise: Fintech 50 2025

February 24, 2025

These growing startups are making the most of the AI revolution to save time and spot fraud for financial institutions, investors and founders.

February 24, 2025

How insurers can take control of compliance before it controls them

Many insurers still struggle to keep up with compliance.

Will cryptocurrencies trigger the new great financial crisis?

February 18, 2025

In 2022, around the time of the FTX crisis, I wrote a column on the risks posed by cryptocurrencies. More than two years later, when Elon Musk just stonewalled the Consumer Financial Protection Bureau- which was investigating several cryptocurrency companies and digital payment apps-digital currencies will likely work their way much deeper into the…

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