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.

The least risky five states have an average liability insurance requirement of 31/62/50 (in thousands of dollars).

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

The convergence of more frequent weather events that affect more people plus higher customer expectations make now a great time to get ready to communicate with the masses.

Insurers' tech strategies have expanded but enterprise-level policy administration systems remain a vital backbone.

Application programming interfaces act as intermediaries between back-end systems and technologies.

Both commercial and homeowner insureds may have to turn to parametric insurance to cover losses as carriers leave markets and force states to cover the burden.

The top three infractions have an average insurance premium increase of 103% after the infringement.

The most risky five states have an average liability insurance requirement of 20/40/15 (in thousands of dollars).

Digital Insurance has named 15 honorees for this year's Women in Insurance Leadership award and five Women in Insurance Leadership: NEXT honorees, recognizing the next generation of leaders who will continue the industry's digital transformation. You can find those profiles, here.