Insurance

Adjusters across the insurance ecosystem are utilizing digital technology to assess, document and close claims.

Insurance risks are constantly evolving and the latest research from Digital Insurance highlights the factors insurers should be watching in 2024.

The reinsurer is working on how to use Gen AI to support decision-making without letting it fully automate decisions. PwC and others also see claims and customer service applications for the technology.

Arthur J. Gallagher & Co. has been a prolific acquirer, purchasing the insurance brokerages from multiple banks over the last year. Its management has indicated it has another $3.5 billion that it can use for more deals.

Russell Higginbotham, CEO, Reinsurance Solutions at Swiss Re, shares the ways he sees application of technology to data, risk and communication changing the insurance industry.

Technology is trending in customer relationship management and underwriting capabilities, according to the insurtech CEO

The unit will pay $48 million to consumers and $12 million to a victims' relief fund.

For several years, Brooke Vemuri, vice president of business transformation and engineering at Legal & General America, the U.S. life insurance unit of the global financial company, has led improvements to the carrier's sales, onboarding and other operations processes.

Fred Turner, CEO of Curative, explains why employers need to break away from traditional health plans.

Nearly 200 women attended the WIL event, which included thought leadership panels, keynotes and roundtable discussions, in Chicago.

By freeing associates to exercise higher-level judgment, Gen AI could make a 'bionic enterprise' possible, Nationwide's CTO says.

Frequent federal budget impasses increase insurance concerns and threaten to jack up financing costs that are already straining lenders.

With personal auto insurance rates increasing across the country, drivers are seeking ways to manage costs for mandatory insurance.

UBI and telematics program information from the top auto insurers.

The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.

Capco predicts a greater emphasis on collaboration between insurers and the DOI to ensure ongoing coverage for policyholders as the DOI will take on additional governance and responsibilities when partnering with insurers to protect insured individuals.

Insurers can help companies to develop risk management plans, conduct compliance audits, and provide training on relevant regulations.

A new report from Forrester examines the risks, innovations and technology landscape for insurance.

Proceeds from the sale provide the bank with "flexibility to evaluate and pursue various strategic initiatives to redeploy capital in support of our core banking business," Evans CEO David Nasca said.

Global insurtech funding increased from about $917 million in the second quarter of this year to about $1.1 billion in the third quarter.