All the headlines from our InsurTech Topic Page, ordered by recency.
Nov 21 2024 // Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability. “As...
Nov 19 2024 // When Hurricane Beryl was rushing across the Atlantic basin in July, the weather forecasting tool made by Google Deepmind, the tech company’s artificial intelligence unit, saw something other models missed....
Nov 18 2024 // The insurance industry is in the midst of a digital revolution, with artificial intelligence (AI) at the heart of it. From streamlining claims processing to creating personalized policies, AI has quickly become a vital...
Nov 15 2024 // Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence.The bulletin, which was adopted by the National Association of Insurance...
Nov 15 2024 // U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns.Holyoak, one...
Nov 13 2024 // Argentine fintech company Ualá has raised $300 million from investors at a valuation of $2.75 billion, the latest funding haul for one of the most valuable startups in Latin America.The Series E round was led by Allianz...
Nov 8 2024 // Three of the biggest names in US home energy automation are coming together to offer some relief to the beleaguered Texas electrical grid.Power supplier NRG Energy Inc. is partnering with Renew Home LLC to distribute about...
Nov 8 2024 // You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything. The insurance industry is not immune from these impacts; it has been affected by AI in countless...
Nov 8 2024 // Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in property/casualty reserving.ResQ...
Oct 31 2024 // 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...
Oct 31 2024 // Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively...
Oct 30 2024 // A pilot program testing AI-powered weapons scanners inside some New York City subway stations this summer did not detect any passengers with firearms — but falsely alerted more than 100 times, according to newly released...
Oct 30 2024 // This post is part of a series sponsored by Selectsys.As Cyber and Technology Errors & Omissions (Tech E&O) risks grow, insurers face increasing pressure to provide accurate, fast, and competitive coverage....
Oct 29 2024 // Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people...
Oct 29 2024 // In the final moments before he took his own life, 14-year-old Sewell Setzer III took out his phone and messaged the chatbot that had become his closest friend.For months, Sewell had become increasingly isolated from his...
Oct 25 2024 // Technology giants developing big artificial intelligence data centers in Texas will need to pay more for electricity infrastructure upgrades to prevent those costs from burdening households and other businesses, according...
Oct 25 2024 // The parents of a high school senior in Massachusetts argued in federal court in Boston on Tuesday that their son was unfairly punished for using artificial intelligence while researching a history project, harming his...
Oct 24 2024 // Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry.The...
Oct 23 2024 // American International Group, better known as the global insurance enterprise AIG, said it will consolidate its Atlanta-area operations into a huge new innovation hub in Brookhaven, on the north side of the city. The...
Oct 22 2024 // The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging...