All the headlines from our InsurTech Topic Page, ordered by recency.
Oct 7 2024 // The robots are coming — and in some cases, they’re here.Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing...
Oct 7 2024 // Several types of artificial intelligence are already being adopted by various parts of the insurance industry and they have the potential to deliver extraordinary efficiency savings, opening the door for even more...
Oct 4 2024 // SPRUCE PINE, N.C. (AP) — Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening...
Oct 4 2024 // Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every...
Oct 4 2024 // This post is part of a series sponsored by Selectsys.In today’s fast-paced insurance industry, precision in underwriting is not just a requirement—it’s a critical factor in maintaining competitiveness and...
Oct 1 2024 // California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models.The decision is a major blow to efforts attempting to rein in the...
Sep 30 2024 // This post is part of a series sponsored by Selectsys.The insurance industry is undergoing significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). By integrating technologies...
Sep 26 2024 // Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence.Cybercriminals increasingly use generative AI, including...
Sep 26 2024 // As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial intelligence (AI) to “supercharge deceptive or unfair...
Sep 26 2024 // Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector.The enhanced product, MarkelTech, is...
Sep 25 2024 // A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services...
Sep 20 2024 // With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being...
Sep 19 2024 // A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded...
Sep 19 2024 // This edition of International People Moves details appointments at the Bermuda-based re/insurer Vantage Group Holdings and the insurance broker Miller.A summary of these new hires follows here. Vantage Promotes Granda to...
Sep 18 2024 // Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis,...
Sep 18 2024 // This post is part of a series sponsored by Selectsys.Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. Manual...
Sep 16 2024 // In a decade defined by disruption, the wholesale insurance market has adapted and evolved to meet the demands of an increasingly complex risk environment. The industry has been remarkable in its ability to pivot, innovate...
Sep 13 2024 // As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path –...
Sep 13 2024 // OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other industry leaders at the White House on Thursday to discuss how to fill the massive...
Sep 12 2024 // The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI...