More carriers are offering digital assistants in their mobile browser and in-app, according to the Q3 2023 Mobile Insurance Scorecard.

It is essential to keep in mind several regulatory considerations regarding data, cybersecurity, fairness and inclusion to stay ahead of the evolving supervisory and regulatory trends.

The auto claims technology start-up has grown by a lot in the past two years, launching an IPO and diversifying into other auto insurance-related functions.

Digital Insurance received written responses from Joseph B. Keller, a visiting fellow at the Brookings Institution in Foreign Policy, affiliated with the Strobe Talbott Center for Security, Strategy, and Technology and Artificial Intelligence and Emerging Technology Initiative, about the need to quantify the potential carbon footprint of AI.

Climate modeling and data collection technology is just beginning to catch up to the demand for pinpoint accuracy in property risk assessment.

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

Financial institutions must adopt a tech mindset that aligns with – and promotes – broader enterprise goals.

Lenders could gain efficiencies from advances in artificial intelligence as the related development of alternative data potentially opens up the market to more borrowers, but hurdles exist.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.