Insurtech

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.

The insurance industry is trying to attract and retain a younger workforce as many insurance companies are facing an aging employee demographic. Insurers are working to diversify as people of color in the industry are still underrepresented and tapping into educational opportunities to create a direct talent pipeline.

Gen Z values employers with advanced technology solutions and remote work options.

Colleges and universities are partnering with insurance carriers to offer insurtech, insurance and risk management programs.

He shares how new technologies like machine learning and AI are shaking up the industry and the role of insurance agents.

Total global insured losses from natural catastrophes were about $50 billion from January through June.

In other news: NEXT launches commercial excess liability and liquor liability coverages.

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.

Weather is unpredictable everywhere, and travel insurance policies can vary tremendously.

Embedding insurance policies within other products allows for more automation of the sales process than ever before.

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.