Life insurance

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

Application programming interfaces act as intermediaries between back-end systems and technologies.

Digital Insurance has named 15 honorees for this year's Women in Insurance Leadership award and five Women in Insurance Leadership: NEXT honorees, recognizing the next generation of leaders who will continue the industry's digital transformation. You can find those profiles, here.

Life insurance plays an important role as part of a healthy financial plan and Fidelity is using technology to improve accessibility and streamline the process for policyholders.

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

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

A deal could be worth more than 1 billion ringgit ($213 million), the people said, asking not to be identified as the process is private.

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

The New Zealand based life and supplemental health insurer needed to replace an in-house system that couldn't scale. Partners Life implemented the platform in two phases that took more than two years.

Women in Insurance Leadership 2023 honoree finds crowdsourcing approach to insurance product development also has applications for Boston-area charity efforts.

Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.

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.

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.

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

In other news: Nationwide launches digital platform Pet HealthZone and Bain Capital Insurance closes its 1.15B inaugural private equity fund.

Life insurers are among Japan's biggest institutional investors, with a combined portfolio of about 380 trillion yen ($2.7 trillion), according to the association.

In other news: Embroker names new CEO and Swiss Re announced global head of property and casualty solutions.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

The chief information and operations officer said the company is working to give customers "seamless pickups" from voice to app to website.

Mike Sha, CEO of SigFig writes that agents will need to go beyond insurance to offer more advice on every phase of the financial journey.