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…
Insurtech
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.
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.
These growing startups are making the most of the AI revolution to save time and spot fraud for financial institutions, investors and founders.
How insurers can take control of compliance before it controls them
Many insurers still struggle to keep up with compliance.
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…
In this week’s Current Climate newsletter, DOGE cuts are creating worries over wildfire preparedness; Tesla feeling blowback from Elon Musk; using AI to protect whales
Panel: AI alone won’t be enough to carry insurtechs in 2025
Strategic innovation, more so than strictly generative AI, is needed to drive insurtech development in 2025, panel says.
SEO Basics: What is Google E-E-A-T and how to use it
SEO expert John Dietrich explains how insurance agents and financial advisors can increase traffic and qualified leads using Google’s E-E-A-T guidelines.
Leveraging AI ‘key’ to Manulife’s digital innovation, says CMO Karen Leggett
Implementing generative AI is a “key component” of Manulife’s strategy to become the most digital-centric company in the industry.
Are life insurers underestimating their ability to implement AI?
believes they may be underestimating their capabilities.
A federal judge on Saturday temporarily blocked access by the Elon Musk-led Department of Government Efficiency to Treasury Department records containing sensitive personal data, such as the Social Security or bank account numbers of millions of Americans. Judge Paul A. Engelmayer barred access to the payment systems and other Treasury data to "all…
A federal judge early Saturday blocked Elon Musk’ s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans. The payment system handles tax refunds, Social Security benefits, veterans’ benefits and much more, sending out…
1st ‘AI insurance broker’ targets coverage gaps, aiding agents
A specialty wholesale insurance brokerage seeks to “digitize human knowledge” to address coverage and service gaps.
Top 8 trends that will impact insurance in 2025
Now is the time to reshape the insurance industry’s business model and technology foundation, according to a Majesco white paper on trends impacting the future of insurance in 2025.
Health coverage redefined through innovative self-funded solutions
These new models combine specialized solutions and tailored offerings to serve overlooked segments, such as gig and part-time workers, associations and businesses looking for new ways to address rising costs.
Newly patented AI insurance pre-qualification tool goes a step further
A newly patented AI-powered insurance software tool takes the pre-qualification process a step further, say its developers.
Chinese startup DeepSeek’s meteoric rise is making many people wonder if adding more computing hardware is still the best way to boost artificial intelligence (AI), according to new research from Deutsche Bank. Drawing an analogy with the EV sector, the paper asks: Do you do not need a high-end Tesla Model X car just to run quick errands, when perhaps the cheaper BYD can handle…
—The 40- year-old founder of China’ s DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund and then refined its quantitative models to branch into artificial intelligence.. Liang Wenfeng, who founded DeepSeek in 2023, was born in southern China's Guangdong…
