Property and casualty insurance

Agents can't be in constant contact with every client. AI can help them flag important coverage gaps, writes Jackson Fregeau, the CEO and co-founder of Quandri.

Technology will enhance agents' abilities to serve clients, according to insurance risk expert Robert Hartwig of the University of South Carolina.

State insurance commissioners developing AI systems evaluation tool expect disclosures about claims operations, oversight and more, according to representatives of an industry group who attended a NAIC conference.

Catastrophe readiness is not only about processing capacity. It is about coordination capacity, writes Erika Echaniz, product manager at Foxit.

Even when AI is accurate enough to act on its own, customers and regulators will challenge the results. Insurers must be able to defend these decisions.

AI models are now reliable enough to automate most decisions that define performance in insurance, writes Taktile CEO Maik Taro Wehmeyer.

With the right foundation, insurers can more fully embrace AI and realize the benefits it brings, writes Kevin Gaut, CTO of Instanda.

Companies like MSI, AGI and VIPR are finding that the best way to benefit from AI is to keep a tight grip on the data that they feed into those tools.

Thailand plans to provide government-funded disaster insurance to about 30 million households in high-risk areas, while seeking to shift some of the growing cost of floods and other catastrophes to private insurers.

California legislators introduced a bill Saturday that would update the state's wildfire response without shifting liability away from publicly traded utilities.

Evident, a data platform, issued its second annual survey of insurers' AI efforts, showing some insurers ranking much higher than last year.

Andrew Engler, CEO and co-founder of the insurtech, shared that if a property owner is willing to invest in reducing the possibility of a catastrophic loss, it should translate into insurance value.

To find the most success with AI, insurance companies should view it more as a way to fundamentally rework processes, according to the experts who write for InsureThink.

Andrew Dalton, chief product officer, spoke about the challenges and risks presented by property data and how the MGA is using AI technology.

Mike Fiato, EVP and chief claims officer at Allstate, discusses The Allstate Claims University, a hands-on training campus in Dallas to simulate real-world damage situations and give employees practical experience.

Insurance needs to stop treating its shrinking pool of checks as business as usual, especially when the data needed to manage the risk inside that pool already exists inside most carriers' own systems, writes Shareen Minor, chief revenue officer, U.S., at Vitesse.

Investors are committing almost 10 times as much as they were three years ago, but they are also setting higher standards for efficiency and profitability.

The explosive growth of data centers, which fuel a seemingly insatiable global demand for AI services, is creating a huge demand for insurance policies covering a wide range of risks.

In every weather event, entire regions are described as "impacted" as if risk were evenly distributed across geography. However, on the same street, sometimes even next door, one property suffers significant loss while another holds up.

Not every AI story is a success; what are companies like Liberty Mutual and Manulife doing right that others get wrong?