XL Group says Ribotta will collaborate with business leaders across the entire XL enterprise to ensure effective broker and client relationship management as well as network management, which includes managing new fronting partner relationships. He also will be directly engaged in facilitating entry into new markets for XL's Insurance and Reinsurance segments, as well as supporting development of underserved markets in which XL believes further opportunities exist. He will be based in XL's London office.
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One particular focus of attorneys general in the insurance space will likely be companies' use of AI in underwriting.
August 28
Hogan Lovells Cadwalader -
More than one-third, 37%, of customers who use AI to research insurance options changed their policy as a result.
August 28 -
Human oversight would still be needed, especially for underwriting, industry experts say. Yet linking voice recognition with AI engines will put insurance agents jobs at risk, they add.
August 28 -
To find the most success with AI, insurance companies should view it more as a way to fundamentally rework processes, according to the experts who write for InsureThink.
August 27 -
Andrew Engler, CEO and co-founder of the insurtech, shared that if a property owner is willing to invest in reducing the possibility of a catastrophic loss, it should translate into insurance value.
August 27 -
Introducing insurance options during the auto purchasing process correlates to a 20% boost in finance and insurance gross, according to Polly's Q2 embedded insurance report.
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