Insurance

A 65-year-old retiring in 2025 can expect to spend $172,500 on health care expenses throughout retirement, according to Fidelity.

Sarah Murrow, who became CEO of the trade credit insurer's U.S., Canada and Brazil unit on July 1, told Digital Insurance about its unique data and the advantages that it gives its clients.

(Bloomberg) --A climate nonprofit is planning to revive a key federal database tracking billion-dollar weather disasters that the Trump administration formally stopped updating in May.

Nikki Devlin, CEO and co-founder of RIC, discusses how policyholders can use parametric insurance to recover from extreme weather events as these risks increase.

Technology developed at Genpact starting in 2019 applies computer vision to claims processing.

When it comes to disbursements many insurers are still relying on outdated processes.

AI can improve productivity by deploying tech alongside insurance industry knowledge workers.

Markel sells reinsurance renewal rights to Nationwide and more insurance news.

More powerful storms and pricier building costs are behind the increases in premiums, said the report's authors.

California's insurance regulator and a consumer advocacy group continue battles over the funding of the state's home insurer of last resort, and other issues.

Insurance companies must rebuild transparency with the people and businesses they serve.

Actionable strategies for insurers to enhance loyalty.

Standard commercial insurance can be inflexible and fail to meet the needs of smaller businesses, but software as a service tailored to insurance better serves their needs.

The following stories and InsureThink opinion articles are a part of a series on how AI is being deployed in claims.

Any implementation of AI requires access to significant amounts of data and is not without its risks as carriers and brokers expand its adoption.

Younger consumers prefer digital insurance experiences creating challenges and opportunities for the industry.

Insurers and adjusters are using AI across the claims space to expedite the process, verify information and improve the customer experience.

The backbone of American property insurance depends on data you've never thought about...until it's gone

Allianz Life Insurance Company of North America said it suffered a system breach on July 16 that affected a majority of its 1.4 million customers.

ACORD's Somesh Mukherjee, vice president of solution architecture at ACORD Solutions Group, shares the complexities of technology used in weather-related claims processes.