Claims

Incorporating AI can help insurers gain a more accurate picture of unseen liabilities associated with underwriting and catastrophic events for clients.

Increasingly sophisticated auto technology, a lack of parts and difficulties in finding skilled repair labor are affecting the vehicle repair costs.

Nikki Devlin, CEO and co-founder of RIC, discusses how policyholders can use parametric insurance to recover from extreme weather events as these risks increase.

Technology developed at Genpact starting in 2019 applies computer vision to claims processing.

Markel sells reinsurance renewal rights to Nationwide and more insurance news.

Actionable strategies for insurers to enhance loyalty.

The following stories and InsureThink opinion articles are a part of a series on how AI is being deployed in claims.

Any implementation of AI requires access to significant amounts of data and is not without its risks as carriers and brokers expand its adoption.

Insurers and adjusters are using AI across the claims space to expedite the process, verify information and improve the customer experience.

The backbone of American property insurance depends on data you've never thought about...until it's gone

ACORD's Somesh Mukherjee, vice president of solution architecture at ACORD Solutions Group, shares the complexities of technology used in weather-related claims processes.

Attorneys Bob Tyson and Cayce Lynch share proven strategies for defending against nuclear verdicts and stemming the rise of social inflation.

Cayce Lynch and Bob Tyson of Tyson & Mendes will discuss the implications surrounding the rise in nuclear verdicts and the legal impacts associated with the increased use of emerging technologies like AI.

The lessons learned from Hurricane Katrina can be a catalyst to better manage future risks.

Cayce Lynch and Bob Tyson of Tyson & Mendes discuss the implications surrounding the rise in nuclear verdicts and the legal impacts associated with the increased use of emerging technologies like AI.

Fraud, missed subrogation opportunities and customer experience can impact claims after a catastrophe, but AI can address some of these factors.

The strategic embrace of AI is no longer a futuristic aspiration but the linchpin of contemporary risk management.

While one partnership aiming to apply AI to home insurance claims adjustment fell short of creating the capability, factors such as workforce management and the difficulty of making AI adjusters also restrain the possibility.

Jennifer Wilson, cyber leader at Newfront, explains how AI is changing the risk landscape for businesses and its impact on the cyber insurance space.

The technology delivers value through sorting data, prioritizing claims, responding to policyholder lawsuits, and more, according to industry experts.