Insurance

We surveyed 83 professionals at insurers, TPAs, agencies/brokerages and reinsurers to find out their tech agenda for this year, including investment plans, tech priorities and thoughts on transformational tools. Here's what we found out.

Much of MGAs' success can be attributed to how versatile they can be.

Insurers need to find new ways to grow their business while mitigating the risk of employee burnout.

The Fed said on Tuesday that Birmingham, Alabama-based Regions failed to properly monitor home equity loans and lines of credit, in part because of changes in servicing platforms.

In other news: Foresight, a workers' comp insurer, welcomes new commercial insurance underwriter.

The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates.

The deal is expected to be completed later this year, subject to regulatory approval. Marsh did not disclose the terms of the deal.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

The insurance industry will lose half its workforce between now and 2036 as almost 400,000 employees retire.

Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.

Five best practices can assist in selecting and integrating generative AI data.

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

FedEx is requiring contractors that deliver packages on behalf of the company's Ground unit to install vehicle cameras and sensors, enhance training and pay penalties if they incur too many accidents, according to FedEx memos to contractors.

The proposal will be discussed before the NAIC's Valuation of Securities Task Force, a group consisting of state representatives.

Driven by weather catastrophes and higher building costs, new research showed.

CoverForce, a new insurtech API, has partnered with the ISU network for independent agents to help its members reach new customers.

Bitcoin-denominated life insurer argues against perceptions of volatility, saying it aims to serve only previous crypto investors who are beginning to think about long-term coverage and investment.

The insurance industry is trying to attract and retain a younger workforce as many insurance companies are facing an aging employee demographic. Insurers are working to diversify as people of color in the industry are still underrepresented and tapping into educational opportunities to create a direct talent pipeline.

Gen Z values employers with advanced technology solutions and remote work options.

Mario Greco, who led his firm out of the Net Zero Insurance Alliance earlier this year amid a wider exodus from the group, has spoken out against the network of voluntary climate alliances that represent some of the biggest names in global finance, calling them "political and bureaucratic."