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Insurtech

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February 3, 2025
Illustration of AI-like technology symbols with the word "Pre-Qualification" overlaying the image. Newly-patented-AI-insurance-pre-qualification-tool-goes-a-step-further.

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.

DeepSeek: Smaller and cheaper may be better in AI arms race, says leading investment bank

January 28, 2025

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…

Upstart Chinese AI company DeepSeek's founder started out as a low-key hedge fund entrepreneur

January 28, 2025

—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…

DeepSeek told by DeepSeek: "US sanctions have accelerated Chinese innovation in AI".

January 28, 2025

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…

January 27, 2025
Image of a judge's gavel in the foreground, with a nuclear explosion in the background. Brother-sister-duo-develops-new-software-to-alert-insurers-to-nuclear-verdicts.

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.

January 23, 2025
Image of several RIA sitting around a table, with one saying, "SEO: I don't know what that is, and at this point, I'm afraid to ask." Is-technophobia-costing-RIAs-millions-in-passive-SEO-leads.

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.

January 23, 2025
Illustration of the many computerized part of an automobile and the scales of justice. Lawsuits-target-use-of-driver-data-by-insurers-automakers.

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.

January 22, 2025
Image shows an AI scene
Regulators are warning about artificial intelligence in finance.

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'…

InsurTech Market size to increase by USD 77.41 Billion between 2023 to 2028, Market Segmentation by Application, Deployment, Geography, Technavio

January 20, 2025

–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…

January 15, 2025

AI: Speeding up the underwriting process

Advances in technology are producing better data, which leads to faster, more accurate and less invasive underwriting.

January 15, 2025
Person dressed in business attire and blindfolded, with a background of AI technology and symbols. Could-a-lack-of-vision-be-key-to-an-AI-readiness-gap-in-insurance.

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.

AI startups raise more in 2024

January 15, 2025

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…

January 10, 2025
Illustration of a robotic head against a backdrop of numbers. Expert-suggests-AI-broadening-actuarial-mindset-in-insurance.

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.

January 7, 2025

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.

January 6, 2025

How the life insurance industry can restore its relevance

Structural forces that could help the industry find new life.

January 6, 2025
Informational graphic from Waterlily. Waterlily-Taking-the-guesswork-out-of-LTC-planning.

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?

January 5, 2025
Sue WIlkinson, President and COO of Ameritas.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.

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.

January 2, 2025
Business executive sits in front of a console full of financial graphs and charts, with "IPO" appearing on the console. PwC-Trump-administration-could-resurrect-IPO-market.

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.

December 23, 2024
Photo illustration showing a game board with many pieces and a playing piece with the image of the U.S. Capitol dome and a question mark. Cyber-security-regulation-under-Trump-a-question-mark-for-now,

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.

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