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.

Effectively securing this valuable data requires a high level of diligence on behalf of carriers and their partners.

Gary Sullivan will help aspiring insurance professionals navigate the risks of rewards of an increasingly connected world at Mercyhurst University.

Cybersecurity regulation will not be one size fits all, meaning insurers will need to proactively respond to new laws as they emerge.

The commercial insurance broker's pilot, in partnership with IBM and ACORD, is the second such initiative in the P&C sector.

A increasingly digital – and ever-warmer – world is having an impact on how insurance companies identify and price risk.

The move has enabled the reinsurer to develop a new underwriting system, leading to faster product launches and enhanced data analytics.

The business unit, created last year, leverages data science and extensive third-party data to price small business risk.

Reinsurer partners with Mobileye to install vision-based sensors on vehicles.

The division of XL Catlin, whose insurtech portfolio includes smart-device company Notion, seeks exceptional management teams in its ventures.

Startup Crop Pro Insurance plans to help growers minimize risk using digital data and technology.