The future is looking bright thanks to AI and business rules engines, which greatly reduce menial tasks and let underwriters take on more strategic issues.
37% of insurance companies acknowledge their resilience and agility are weak -- and firms that exhibit strong adaptability outperform competitors by up to 50%.
His continual overpromising about Teslas' autonomous capabilities and his wildly optimistic plans for colonizing Mars offer lessons on mental traps to avoid.
The insurance industry can no longer rely on current strategies and responses to this threat, nor can it continue to absorb and pass along the associated costs to policyholders.
AI requires using guardrails to account for technical limitations, leveraging GenAI’s strength at hyper-personalized interaction and ensuring human agents remain in the service flow.
The International Insurance Society's annual survey found inflation is the biggest concern for executives worldwide for the third year in a row, while AI surged as a priority.
Life insurance carriers need to be able to quickly and easily make product changes or develop new products, independent of their policy admin system vendor.
Four years on from COVID-19, life insurers have a key opportunity to assess the accuracy of their risk models and better prepare for the next global pandemic.
The crisis calls for collaboration on some combination of state-run plans, offerings from surplus lines insurers, litigation reform and risk mitigation.
Dr. Michel Léonard of the Insurance Information Institute discusses the current economic landscape and its impact on the insurance industry for the rest of 2024 and beyond.
The crisis calls for collaboration on some combination of state-run plans, offerings from surplus lines insurers, litigation reform and risk mitigation.
The International Insurance Society's annual survey found inflation is the biggest concern for executives worldwide for the third year in a row, while AI surged as a priority.
The future is looking bright thanks to AI and business rules engines, which greatly reduce menial tasks and let underwriters take on more strategic issues.