Tech

John Donald, senior cyber risk adviser, AXIS, discusses how improving cyber risk modelling to include biological factors can help make them more effective and help attract investors to the market.

The highlights from our recent webinar in partnership with Guidewire on ethical AI and insurance.

The application of AI to insurance may enthuse those looking to cut costs but it’s exercising regulators, alarming consumer advocates and no doubt giving compliance managers sleepless nights.

Data is the lifeblood of insurance, and AI can radically improve the effectiveness of data analysis. Given which, the insurance sector has been surprisingly slow to adopt AI.

The highlights from our recent webinar in partnership with Eigen Technologies on the implications of AI on the insurance industry.

See the highlights from our recent webinar, in partnership with S&P Global Market Intelligence

As the insurance industry becomes increasingly digitalised, new and unprecedented technologies are making data more accessible, accurate, and easy to consume, fundamentally altering the way information is exchanged – and the way the industry conducts business.

With the vast majority of cargo carried by trucks in Brazil, the market could see strong rise of demand for insurance covers thanks to regulatory changes recently approved by the government.

Over the last few months, it seems everyone has been talking about large language models – or LLMs – and how they are set to revolutionise the way insurance companies operate. But what do these models mean for the insurance industry? And do they really live up to the hype?

Much has been discussed about the transition of Lloyd’s to a truly data-first, digital marketplace which is API-enabled, but what do we actually mean?

Increased competition among electronic exchange platforms is bringing more options for brokers and underwriters, said James Pring, sales director, Ebix Europe.

The marine insurance industry faces myriad challenges including geopolitical tensions, uncertain macroeconomic conditions, ESG issues and a shortage of talent. Inland marine insurers are being further impacted by increased reinsurance costs and severe weather conditions, and as a result are increasingly turning to technology to improve the underwriting process.

The distributed ledger or blockchain technology that underpins cryptocurrencies like Bitcoin and Ethereum has long been heralded as a game changer for the insurance sector. A lot of the early hype focused on US-based renters and homeowners insurance provider, Lemonade, which makes extensive use of distributed ledger technology and AI.

Joe Peiser talks about innovation in the insurance industry, parametric cover, and the promise of data analytics and predictive modelling.

Timely access to information is crucial to making the right decisions on underwriting, claims, and every other aspect of the insurance process. But in an increasingly data-generative, data-retentive world, insurance decision-makers can sometimes find they have, quite literally, more information than they know what to do with.

The rise of embedded insurance gives carriers an opportunity to partner with vendors of consumer products and services and leverage their distribution network and customer relationships.

As the industry looks ahead to the next 20 years, the need for insurers to embrace digitalization and technological change is impossible to ignore, argues the CEO of ACORD Solutions Group.

Insider Engage caught up with two companies at the 2023 edition of Insurtech Insights Europe to discuss how artificial intelligence implementations can enable insurance companies improve efficiency and help them better serve their customers.

Adrian Jones from HSCM Ventures talks about insurtech, and his belief that the industry is being too negative about its potential.

As companies showcased their latest innovations, one of the ideas discussed was how they can do more to utilize technology and provide advice to customers to prevent losses and reduce the likelihood of a claim being made.

After five years and the ‘graduation’ of over 100 alumni, Lloyd’s is taking its insurtech innovation unit to the next level

Insider Publishing Group, in partnership with Nuveen, kicked off 2023 with a visit to Bermuda, where Meg Green, editor of Insider Engage, Insurance Insider's sister publication, hosted a fireside chat with Mosaic Insurance co-founders Mitch Blaser and Mark Wheeler to give a Class of ’21 perspective on what the future holds for the market.

Is 2023 set to be the most testing year for the industry in living memory?

Lloyd’s Market Association CEO Sheila Cameron is looking forward to an action-packed year: new regulation, digitisation and human resources development are all in the mix

Insurers should try out their digital transformation mechanics on small groups before rolling it out to their entire customer population, said Liam McHugh, principal consultant, Emergn.

Insurers can get bogged down using too many, or the wrong sort, of metrics to measure their digital transformation, said Jason Nash, vice president, consulting services, for Emergn.

ACORD, in conjunction with Alchemy Crew and its co-founder & CEO Sabine VanderLinden, annually names the Top Insurtech Leaders who have been integral to the growth and progress of the insurance technology community. Their remarkable vision, execution, and superior outcomes set them apart as pioneers of transformation in the global industry.

Insurers with an adaptive mindset are better able to embrace uncertainty, said Louise Millward, principal consultant, Emergn.

Despite some obvious benefits, practical applications of the technology in insurance remain few and far between.

A new whitepaper from Moody's Analytics investigates how (re)insurers can integrate ESG into decision making.