Risk management

Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners.

Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.

Digital Insurance spoke with Veronika Torarp of PwC about the need for more climate resilience efforts, and what their benefits can be.

Ransomware accounted for 60% of large cyber claims for the first half of the year, but frequency dropped 30%.

As insurers, the job is to help clients model the previously unmodellable.

The transformative potential of AI depends on the underwriters, actuaries, agents and policyholders who interact with it.

In the wake of major losses like wildfires or hurricanes, parametric insurance can expedite payments for faster policyholder recovery.

Insurers need to adopt robust digital risk infrastructure capable of real-time analytics and integrated stress testing.

Alex Martin, CEO and co-founder of Clearspeed, shares about the company.

Artificial intelligence is changing how risks are identified, managed and mitigated.