At the recent Most Powerful Women in Banking 2023 event, executives shared their leadership insights for thriving in a constantly changing business environment.

Partners from Lenox Advisors explain why more Americans need a long-term care insurance plan for a holistic financial wellness strategy.

As the insurance industry undergoes digital transformation, it has a unique opportunity to integrate diversity, equity and inclusion into its structure.

Software can pull attributes out of a claim file to provide claims professionals with a risk assessment score for the likelihood that the claim file could go nuclear.

William Van Faasen, former chairman and CEO of Blue Cross Blue Shield Massachusetts, encourages carriers to prepare to add marijuana to their formularies.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

Insurtechs able to optimize the explosion of better data to accurately model and price risk, will become a vital link in the fight against climate change.

Digital Insurance is fielding its 2024 Predictions survey about technology and issues affecting insurance.

The top three insurtech-owned carriers had more than $10 billion combined in direct premiums written.

Truist Bank has agreed to pay licensing fees to USAA for the use of mobile-check-deposit technology that USAA says it invented.

High costs associated with fraud or defect risk this year have made some coverage compelling but thin mortgage business margins can make lenders selective.

The least expensive three companies have an average cost for minimum coverage of $493 for drivers with a clean record.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

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 least expensive five states have an average cost for minimum coverage of $316 for drivers with a clean record.

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.

M&T Bank, Truist Financial and Eastern Bankshares are among the banks that have sold all or part of their insurance subsidiaries over the last year. Though the price is right, analysts warn that when interest rates decline, sellers will be without a key source of fee income.

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.

Three steps to set the stage for easier connectivity to the tech platforms that agents can use to quote commercial insurance.