Underwriting

Health insurers need to be careful that the AI systems they use create efficiency without introducing costly and unfortunate errors.

Ford Pro Insure, RGA, Digital Owl news, and more.

The deal with landlord Ping An Insurance Group grants Lloyd's an option to stay until 2040, but also involves a commitment to invest in reducing the Grade I-listed building's energy footprint, the Financial Times reported.

By freeing associates to exercise higher-level judgment, Gen AI could make a 'bionic enterprise' possible, Nationwide's CTO says.

In other news: Markel names head of cargo and Aspida appoints CIO.

The insurtech has created a suite of SaaS solutions built on a cloud-based platform to enhance customer communications and increase engagement.

The Women in Insurance Leadership honoree identifies five specific moments where companies must excel for customers.

Large companies are most likely to hire for technology, underwriting and analytics roles over the next 12 months.

Chief underwriting officer finds ways to do more with technology and coverage of risks.

In other news: Foresight, a workers' comp insurer, welcomes new commercial insurance underwriter.

Five best practices can assist in selecting and integrating generative AI data.

High theft risks for Kia and Hyundai cars, and repair cost risks for Teslas, have driven auto insurers to drop or modify coverage of those vehicles, which is forcing more auto policyholders to switch carriers.

CSAA used AI-powered aerial image analysis in a decision to not renew a homeowner's insurance policy in Northern California.

Digital Insurance's State of Insurance 2023 report also reveals that underwriting technology and staffing difficulties are top of mind for insurers.

In a tight economic environment, insurers and their insurtech partners are starting to move toward underwriting as a target area for transformation.

The dispute is over a cyber attack from 2014 through 2015 that potentially exposed personal information of patients at UCLA Health.

It's launching its Risk Exchange platform as a marketplace to connect underwriters with risk capital, including from institutional investors and insurance companies.

Groundspeed Analytics was seeking to raise venture capital funding when Insurance Quantified made the initial contact.

Baldwin Risk Partners has launched "Centers of Excellence"

Sessions held throughout Dig-In 2023 with panelists from insurers such as New York Life, Arch Insurance and CSAA Insurance Group discussed the importance of technology in insurance and how to use data effectively.