Insurers are adding artificial intelligence to streamline processes including claims and underwriting, while also combating fraud.

USAA, MMG Insurance and Munich Re executives spoke about these insurers' efforts to model risk and use data proactively to serve policyholders and prevent bias.

The use of telematics allows auto insurers to tailor policies and pricing to customers based on their driving habits.

Embedded insurance enables insurers to engage with evolving markets and capture unique risk profiles.

Creating and validating an accurate database involves data verification, data cleansing and quality checks.

The top three largest deals had an average round amount of $117 million.

Melanie Kolp, senior vice president and chief technology officer of Technology Enterprise Solutions at Nationwide, leads the insurer's efforts to get the most out of Gen AI capabilities while ensuring regulatory compliance and data security.