Insurance

The top five metropolitan areas have an average expected loss per capita of $12.65.

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.

The acquisition will expand Aon's outreach in India's commercial risk, health and reinsurance sectors.

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.

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

The New York State Insurance Fund, one of the largest workers comp insurers in the U.S., got over 1,000 policyholders on board its new claims information app in its first week.

The bottom five metropolitan areas have an average expected loss per capita of $760.87.

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.

New research from Arizent finds respondents rate their companies' DEI efforts higher than their industries'.

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.

Don Vu, who previously worked at Northwestern Mutual and WeWork, will lead a new AI and data team.

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.

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

In other news: Markel names head of cargo and Aspida appoints CIO.

The insurtech has created a suite of SaaS solutions built on a cloud-based platform to enhance customer communications and increase engagement.