Risk management

New research highlights the evolving role of the insurance industry from reimbursements to incentivizing to reduce risk and prevent losses altogether.

About 20 nations have signed on to a deal to stop funding foreign fossil fuel projects -- with a last-minute entry by Italy. But the impact of the accord is undermined by the absence of key countries like China.

Over half or 62%, of insurers, say they will invest in risk management over the next year, with 55% saying they’ll invest in customer and employee data protection, according to the FIS’ 2021 Readiness Report.

The risk models insurers had previously relied on need to be adapted for today’s challenge.

With the growing vulnerabilities and uncertainty of our highly globalized and connected world, actions in one place can spread rapidly to have global effects.

Amid record low travel and vehicle miles traveled, speeding and crashes in cities around the United States have increased.

Ruth Foxe Blader, managing director with venture-capital company Anthemis, is responsible for identifying insurtechs that are helping carriers minimize risk.

So-called 'black box' pricing makes insurance products more competitive and efficient for lenders, practitioners say.

Whether self-driving cars can correctly identify and avoid pedestrians has become a burning issue since an Uber driverless vehicle killed an Arizona woman.

Insurance group says Volvo collision avoidance tech that was turned off could've prevented or mitigated a crash that killed an Arizona woman.