All the headlines from our InsurTech Topic Page, ordered by recency.
Aug 19 2024 // The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’...
Aug 15 2024 // McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a...
Aug 14 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan...
Aug 13 2024 // Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers...
Aug 13 2024 // UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10...
Aug 8 2024 // Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire...
Aug 7 2024 // The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI...
Aug 5 2024 // In today’s fast-paced insurance market where time is more precious than ever, the ability to streamline operations and offload routine tasks is invaluable. Communication and relationships remain at the heart of what...
Aug 2 2024 // AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition.In a filing Thursday in federal court...
Jul 31 2024 // New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is already being met with skepticism from riders and the threat of a lawsuit from...
Jul 30 2024 // This post is part of a series sponsored by AgentSync.As catastrophic natural disasters continue to wreak havoc on the property and casualty (P&C) insurance sector, loss prevention remains a high priority for insurers...
Jul 30 2024 // This post is part of a series sponsored by Dyad.In the dynamic world of insurance, staying ahead of the curve is paramount. With the advent of Artificial Intelligence (AI), players in insurance are experiencing a...
Jul 26 2024 // This post is part of a series sponsored by Dyad. In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a...
Jul 25 2024 // Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions...
Jul 24 2024 // W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being a material loss to the organization.”“I would be surprised if we didn’t...
Jul 24 2024 // Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry.Planck provides an AI-based data platform for commercial insurance. It...
Jul 22 2024 // Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a...
Jul 22 2024 // Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.A software update by global cybersecurity firm...
Jul 19 2024 // A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks.Below is a list of...
Jul 19 2024 // A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected...