Latest InsurTech Headlines

All the headlines from our InsurTech Topic Page, ordered by recency.

Behind the Development of the AI Marketing Toolkit

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...

AI Startup Suno Says Music Industry Suit Aims to Stifle Competition

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...

New York City Turns to AI-Powered Scanners to Keep Guns Out of Subway

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...

6 Unique, Tech-Forward Tools to Aid in Loss Prevention in the Event of a Natural Disaster

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...

Harnessing the Power of AI: Revolutionizing Insurance

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...

Elevating the Customer Experience: Innovations in the Insurance Industry

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...

Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide

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...

WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’

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...

Applied Systems Acquires Insurance AI Platform Planck

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...

Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

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...

Insurers Face Business Interruption Claims After Global Tech Outage

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...

What Disruptions Have Been Reported After the Global Tech Outage?

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...

Global Tech Outage Disrupts Industries, Highlights Online Risks

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...

AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey

Jul 15 2024 // A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher...

Tech Update: WTW Offers Next Generation Investment Management Insurance Solution

Jul 9 2024 // WTW, the advisory, broking, and solutions company, has introduced “IMI Plus,” an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth...

OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports

Jul 5 2024 // A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday.The...

Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics

Jul 5 2024 // Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions of dollars in claims.Insurers faced losses after the 2020 Tokyo Olympics were...

As AI Gains Workplace Foothold, States Try to Make Sure Workers Aren’t Left Behind

Jul 5 2024 // With many jobs expected to eventually rely on generative artificial intelligence, states are trying to help workers beef up their tech skills before they become outdated and get outfoxed by machines that are becoming...

AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap

Jul 2 2024 // Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a...

Minimizing AI Cyberattacks

Jul 1 2024 // This post is part of a series sponsored by TSIB.We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things...