Edison is responsible for the first $1 billion of wildfire-related claims, which it pays using its customer-funded self-insurance program.
Clients now expect a baseline level of technology options from brokers, the company's 2026 Broker Services Survey finds.
The insurtech's co-founder also warns against confusing novelty with value. "Insurance buyers do not need more technology for technology's sake."
"Solve a problem the industry actually has — and prove people will buy the answer, before you fall in love with building it," Henley says in his advice to other insurtechs.
Insurers, reinsurers and brokers are already predicting increased premiums and bigger losses tied to natural catastrophes.
The property-and-casualty insurance industry is undergoing a major digital transformation with the rise of generative artificial intelligence, writes Abhishek Peter, manager of digital marketing at FECUND Software Services.
