Insurtech

This year, in the spirit of innovation, Accenture used generative artificial intelligence to help distill and uncover trends, feeding submissions securely into its gen AI model.

Insurtech is transforming the workers' compensation segment through big data analytics, artificial intelligence, machine learning, wearable technology and more.

Hi.Q Inc. filed for Chapter 7 liquidation listing estimated assets of no more than $10 million and estimated liabilities of at least $100 million, according to a bankruptcy petition filed Wednesday in Delaware.

Understanding prompt engineering is crucial to fully capitalize on the possibility of the solutions.

A California homeowner called out CSAA for taking aerial photographs of his backyard, then revoking his homeowners policy due to "clutter." Experts say such images are personally identifiable information protected by state privacy laws.

With rising auto premiums and increasing popularity of autonomous, connected, electric and shared vehicles, more insurers are offering telematics and usage-based insurance.

Because of the financial risk associated with insuring such an expensive satellite, ViaSat-3 is probably covered by several policies across different companies.

The founding members include three insurtechs that are focused on developing standards related to the use of AI within the insurance industry.

Much of MGAs' success can be attributed to how versatile they can be.

Insurers need to find new ways to grow their business while mitigating the risk of employee burnout.

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

The use of catastrophe models and of sophisticated AI to make coverage decisions are all under debate.

It can eliminate geographical barriers and allow teams to access and share data more freely.

Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.

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

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

White Rock accused Vesttoo of pocketing millions of dollars in ill-gotten insurance premiums.

Kim shares with Digital Insurance her take on what is happening in the insurtech space in terms of venture capital funding and the impact of the climate crisis on digital solutions.

CoverForce, a new insurtech API, has partnered with the ISU network for independent agents to help its members reach new customers.

Bitcoin-denominated life insurer argues against perceptions of volatility, saying it aims to serve only previous crypto investors who are beginning to think about long-term coverage and investment.