Insurance

Insurtech is allowing carriers and companies to promote safe driving practices and save time and money.

In the latest DigIn podcast, Brett Laker of Underwrite Me, discuses how AI is expediting many aspects of the life insurance underwriting process.

Estimates for the financial toll of the blazes range from $30 billion to as high as $250 billion, as homeowners grapple with premium hikes and non-renewals.

Brett Laker, head of North America for UnderwriteMe focuses on trends he's seeing for 2025 and how AI will empower underwriters with data for faster decision making.

As the number of underwriting rules increases, they create a maze of redundant and sometimes conflicting conditions.

The scope of the disaster depends on whether it's insured losses, property damage or overall economic impact.

Fremont, a Bay Area city of 226,000, in September became the first municipality in the nation to buy its own citywide flood insurance policy.

There were about 50 funding events in the insurtech sector in February, according to a review by Digital Insurance.

HSB, a part of Munich Re, partners with Flume; Kin expands into California, plus more insurtech news.

First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames.

Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.

Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement.

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.

The insurtech enables brokers, insurers and reinsurers to optimize risk workflows by digitizing risk intake.

Roles in technology, underwriting and claims are insurance's greatest need in 2025.

Tokio Marine HCC announced Mike Schell, president of the company, will retire at the end of March.

By prioritizing strategic technology investments, MGAs can ensure long-term success and continued growth in an ever-evolving market.

The report, based on home insurance price and availability data collected by the association of state regulators from private insurers last year, confirms rising costs and non-renewals, and the impact of climate change on these increases. The U.S. Treasury's insurance office stopped short of publicly releasing the data used for the report.

Research reveals three key areas where an empathy-first approach from carriers can mitigate stress and improve the overall policyholder experience.

For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.