Insurtech

For carriers serving high-risk drivers, speed, accuracy, and trust are not just nice to have — they are business-critical.

Managing general agents are using speed and flexibility in underwriting to meet changing market demands.

U.S. and global insurance regulators have been paying more attention to AI operations. Insurers are advised to watch how they use AI for pricing and guard against bias.

Insurance companies should be transparent about AI models and their data processing, industry advisors said.

Insurers must monitor state and federal regulations closely because they are constantly changing.

Owen Williams, associate product manager, focuses on how IoT technology is shaping risk management practices.

Garrett Droege, an innovation and risk executive at IMA, spoke about the demands agentic AI makes on smaller insurance companies, and how they can use the technology.

The Task Force on Climate-related Financial Risks won't be disbanded, according to people familiar with the matter.

Marsh McLennan moves to Amazon cloud; ZestyAI in Connecticut and West Virginia and more insurtech news.

More than a third of the funding received by 39 startups surveyed by Bloomberg came from American sources.