Insurance

While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that each cost at least $1 billion, according to a report by Aon Plc.

The average insurance premium for EVs jumped to £1,344 ($1,700) at the end of last year, around double the cost of cover for traditional cars, according to UK insurance broker Howden Group Holdings Ltd.

Making payments is the cornerstone of the customer experience in insurance and digital engagement is vital.

Digital Insurance is working on some research around how the industry views the use of AI and its associated risks. 

Insurance companies are likely to upgrade their core insurance management platforms in the next two years, according to research from Novidea.

By embracing emerging technology like AI, auto insurers can future proof their businesses and stay competitive.

Health insurers need to be careful that the AI systems they use create efficiency without introducing costly and unfortunate errors.

The industry's digital transformation is ushering in a new era of risk management. By embracing cloud-based solutions, streamlining processes and integrating automation.

The Allianz Risk Barometer features the corporate concerns from over 3,000 risk managers worldwide.

The top five life insurers globally have an average of more than $578 billion in reserves.