Insurance

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.

As part of our 2023 Malpractice Liability Insurance Buyer's Guide, experts weigh in on the risks accountants are facing

The least expensive three companies have an average cost for minimum coverage of $493 for drivers with a clean record.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

The least expensive five states have an average cost for minimum coverage of $316 for drivers with a clean record.

The auto claims technology start-up has grown by a lot in the past two years, launching an IPO and diversifying into other auto insurance-related functions.

The county of Maui and families of victims have sued the utility, alleging that its downed power lines were responsible for the conflagration. Hawaiian Electric has denied wrongdoing.

M&T Bank, Truist Financial and Eastern Bankshares are among the banks that have sold all or part of their insurance subsidiaries over the last year. Though the price is right, analysts warn that when interest rates decline, sellers will be without a key source of fee income.

Climate modeling and data collection technology is just beginning to catch up to the demand for pinpoint accuracy in property risk assessment.

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

CCC has been working with an adviser to explore a potential sale and other possible buyers have been circling, said the people, who asked not to be identified because the details are private.

There were about 40 funding events in the insurtech sector in September, according to a review by Digital Insurance.