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.
AI in life and health: What to expect into 2025 and beyond
Here are seven top AI trends worth following.
The insurance technology sector received less investment for two consecutive years, 2022 and 2023, according to the Insurtech Global Outlook 2024, prepared by the consulting firm NTT DATA. "All of them are coexisting at the same time in the Mexican market, making investments and managing to continue growing, this is something very particular to the Mexican…
How AI and tech will impact insurers in 2025
A few key trends and developments are expected to define the insurance industry’s future.
Generative AI has led to constructive disruption in the insurance industry, helping streamline operations, enabling more tailored and profitable product offerings, improving fraud detection, and supporting faster, more informed policyholder services in policy and claims management.
Building vs buying an AI solution: What should insurtechs consider?
Insurtechs and insurers leveraging AI are considering whether to build or buy their solutions. What’s the best answer?
NEW YORK, Dec. 5– The Depository Trust and Clearing Corp., a provider of clearing and settlement services to the financial markets, issued the following news release:. New DTCC Survey highlights that 55% of respondents believe there is a high or very high chance of a high-impact systemic event in 2025. New York/ London/ Hong Kong/ Singapore/ Sydney, December 4, 2024- The…
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…
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.
