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Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

AIG has pulled away from writing some business in California, while other insurers have taken similar steps in that state as well as in Florida.

Insurtech founded in 2018 uses AI to evaluate small businesses' risk, making it possible for them to get coverage from top carriers.

Employee data holds great potential for maximizing the value of employee benefit programs.

Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

Under the new rules, which are slated to be completed by December 2024, insurers will be able to raise premiums based on current and future risks as long as they agree to provide a certain share of coverage in areas vulnerable to fires. The existing rules only allow them to consider historical data.

A representative for Bolttech declined to comment.

Advanced driver assistance systems (ADAS) decrease risky behaviors, such as distracted driving and speeding, reducing auto claims.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

A new Chubb report identifies business trends and evolving risks affecting mid-market companies.