Insurance

Clearwater Analytics acquires Beacon; Earnix buys Gen AI provider, plus more insurtech news.

Berkshire's Vice Chair of Insurance Operations Ajit Jain said Geico reduced the insurer's headcount from approximately 50,000 to roughly 20,000, though he didn't specify the time period for the reductions.

These insurtechs have used AI to improve their businesses.

While insurance carriers and insurtechs are excited about the technology, independent agents point to their unique hold on insurance customers.

Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent. Comments on the proposal are open through May 5.

Embedded insurance leverages data and tech to offer coverage seamlessly online, meeting customers when and where they need it.

Nick Gerhart, executive VP at the insurer specializing in funeral and end-of-life coverage, spoke about its technology advances, and the role of insurtech on a broader scale in the industry.

Elizabeth Tyndell, VP talent acquisition at New York Life, shares how the insurer is leveraging AI to attract and retain the next generation of insurance talent.

Leveraging EHRs, medical claims and historical lab data, insurers can enhance their ability to discover undisclosed tobacco use and improve risk assessment accuracy.

A group led by Bain Capital's special-situations arm is in talks to invest as much as $2 billion in insurance broker Acrisure, according to people with knowledge of the matter.

Insured losses from natural catastrophes could soar to $145 billion this year as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.

The top five insurance companies have an average life insurance market share of 6.01% as of December 31, 2024.

Growth in premiums flattened in the past two years after steep growth, but new MGA entrants in the space could fuel another rise.

Homeowners class action plaintiffs will depend on finding evidence of conspiracy in discovery process, a legal expert said, but the large scope and cost of discovery, as well as difficulty getting a summary judgment, are likely to lead defendant companies to settle.

AI's ability to synthesize large amounts of data is providing key insights for diagnosing cancer and other health-related issues.

By leveraging vast amounts of data from multiple sources, insurers can analyze customer behaviors and risk factors in real time.

Catastrophes significantly increase claim volume and severity, resulting in extended claims cycles and frustrated policyholders.

Chubb CEO Evan Greenberg called for a "coherence of policy" to dispel confusion around President Donald Trump's approach to trade.

Dr. Bradley Heltemes, VP and medical director of R&D at Munich Re Life US, and Dr. Tim Meagher, Vice President and Medical Director Munich Re, Canada (Life) discuss how AI and technology are playing a more prominent role in the life insurance sector and improving cancer patient outcomes.

Nationwide names P&C Business Performance lead; The Hanover's first COO, plus more career moves.