DeepSeek, the Chinese artificial intelligence that has shaken the foundations of Silicon Valley’s technological giants, is not very self-aware. But this digital mastermind, capable of chatting in real time, is quite clear about the geopolitical context of its birth, and that US restrictions on access to the most advanced chips in China have contributed to its…
Insurtech
Brother-sister duo develops software to alert insurers to nuclear verdicts
With nuclear verdicts on an “alarming” rise, a brother and sister have teamed up to develop software to put insurers on alert.
Is technophobia costing RIAs millions in passive SEO leads?
Hesitancy to leverage technologically driven marketing strategies could be costing RIAs hundreds in passive SEO leads every month.
Lawsuits target use of driver data by insurers, automakers
Recent lawsuits allege driver data from embedded auto technology and mobile apps is being used unethically and illegally.
FINRA, FBI warn about generative AI and finances
The Financial Industry Regulatory Authority, a private corporation also known as FINRA, goes further: You need to protect your investment accounts from "generative artificial intelligence" or Gen AI. FINRA oversees member broker-dealers who do business in the U.S.. "Gen AI is making it easier for bad actors to fraudulently open new accounts using investors'…
–The global insurtech market size is estimated to grow by USD 77.41 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 42.35% during the forecast period. Application 1.1 Marketing and distribution 1.2 IT support 1.3 Claim management 1.4 Policy administration and management 1.5 Others Deployment 2.1…
AI: Speeding up the underwriting process
Advances in technology are producing better data, which leads to faster, more accurate and less invasive underwriting.
Is ‘lack of vision’ key to the AI readiness gap in the insurance industry?
The AI readiness gap between insurance companies ready to adopt AI and those that aren’t, may boil down to a lack of vision, says one expert.
Artificial Intelligence startups in the United States raised 30 percent more in venture funds last year than in 2023, despite the fact that large companies developing this technology such as Sam Altman’s OpenAI or Elon Musk’s xAI have not reported profits, specialists indicated. The enthusiasm for AI technology, sparked in large part by the resounding…
Expert suggests AI ‘broadening’ actuarial mindset in insurance
Advancements in AI and big data are gradually changing the traditional actuarial practice, according to an industry expert.
AI: achieving a balance of efficiency, accuracy in in life insurance underwriting
By combining human expertise with AI’s processing power, carriers can make progress in achieving a balance between efficiency and accuracy in underwriting.
How the life insurance industry can restore its relevance
Structural forces that could help the industry find new life.
Waterlily: Taking the guesswork out of LTC planning
Long-term care planning is a challenge for advisors and clients alike. What is the likelihood that a client will need care someday?
Building AI With Intention: A conversation with Ameritas’ Sue Wilkinson
Sue Wilkinson, president and COO of Ameritas, talks about how the insurer is adopting AI with a “walk-before-you-run” strategy.
Could the Trump admin resurrect the IPO market?
The incoming Trump administration could potentially revitalize the U.S. initial public offering market, one expert says.
Expert: Cybersecurity regulation under Trump a question mark for now
With the top U.S. cybersecurity official making her exit, the incoming administration’s next move anyone’s guess.
Are insurtechs overlooking the basics of fraud detection?
While insurance companies are concerned about emerging AI fraud challenges, an industry expert suggests they focus on the basics for now.
MGAs embrace technology to lead insurance industry innovation
Managing General Agents (MGAs) are increasingly turning to technology to stay competitive and drive innovation in the insurance industry.
How cloud technologies can help agents serve more older Americans
Cloud technologies are already making a difference for agents, and they’re becoming more powerful by the day.
