Patrick T. McHenry, R- North Carolina, chairman of the House Financial Services Committee, issued the following news release:. Ahead of a hearing to examine how technology is shaping the future of finance, the Chairman of the House Financial Services Committee, Patrick McHenry, and Ranking Member Maxine Waters introduced two bipartisan measures highlighting…
Insurtech
Is there a winning AI strategy for insurers? IBM says yes
While generative AI can give insurers an advantage over competitors, the way they use it also matters, says IBM.
Deepfake detection software helping insurers fight fraud
The ease of creating convincing deepfake images and even videos is threatening to increase insurance fraud.
A.I. for life agents enables faster and more accurate field underwriting
Live from the ITC 2024 Vegas conference, InsuranceNewsNet Publisher Paul Feldman interviews leaders from Xcela, an AI-driven platform designed to simplify and accelerate the insurance sales and underwriting processes.
How A.I. is making life carriers faster, better, and more profitable
Live from ITC 2024 Vegas, InsuranceNewsNet Publisher Paul Feldman interviews Matthew Segreti, CTO of LIDP, a firm specializing in policy administration for life and annuity products.
Revolutionizing QA technology for carriers and insurtechs
Live from ITC Vegas, discover how Emtech is helping Insurance Companies and Insurtechs transform their QA their software projects faster and more efficiently than ever.
5 ways startups can survive insurtechās āsecond waveā
As insurtech enters whatās being called its āsecond wave,ā experts are suggesting companies target 5 key areas to sustain growth.
–BrokerTech Ventures, the world’s largest broker-led accelerator and insurtech community, announced today the addition of Leavitt Group as a partner. Leavitt Group, one of the nation’s largest privately held insurance brokers headquartered in Cedar City, Utah, joins 13 brokers and 14 carriers, wholesalers, and community partners to strengthen the vast BTV…
For the first time in the company's history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio- based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23 million compared to a net loss of about $46 million a year ago during the same period. For the year thus far, Root Inc. is also in the positive with net…
NEW YORK, NY, UNITED STATES, November 6, 2024/ EINPresswire.com/– MIC Global, a pioneering full-stack embedded micro insurance provider, is pleased to announce a new partnership with leading InsurTech company VOOM Insurance, to provide reinsurance to its rideshare business. This strategic collaboration aligns perfectly with MICā s mobility book and…
How insurers can reclaim value in the sharing economy
The innovations of companies like Uber, Lyft and Turo offer exciting options for consumers and small businesses, but they have also created complexity in the insurance space.
How insurers can tackle the cyber insurance risk of deepfakes
A legal expert is urging insurers to keep abreast of the risks associated with one of the most complex forms of cyber crime: deepfakes.
Insurers need to work fast to train employees on AI, or risk losing them
Having perfunctory skills in artificial intelligence is now ātable stakesā for new hires in the insurance marketing world.
Cover Genius CEO: Partnerships, agility define the future of insurtech
The American insurtech landscape has entered a āsecond waveā thatās all about collaboration and partnerships, says the Cover Genius CEO.
Prudential Financial, a financial services company, issued the following news:. Prudential Financial, Inc., a global financial services leader, has announced a strategic partnership with 123 Seguro, a leader in digital insurance transformation in Latin America and one of the region's largest digital insurance platforms. Beginning in 2024, Prudential and…
AI-driven solutions to overcome insurance industry hurdles
A new wave of AI-enabled tools and platforms offers a powerful solution to help insurers enhance operational efficiency.
TikTok, YouTube videos mislead viewers on life insurance, critics say
The proliferation of so-called āfinancial expertsā using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.
MassMutual to shut down insurtech subsidiary as Haven brand fades
Massachusetts Mutual Life Insurance Co. is folding its insurtech subsidiary Haven Technologies at the end of the year.
EXL, NVIDIA develop āmost accurateā AI insurance model
A US-based data solutions provider has begun rolling out a unique artificial intelligence model built specifically for the insurance industry.
