Property and casualty insurance

While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that each cost at least $1 billion, according to a report by Aon Plc.

Digital Insurance is working on some research around how the industry views the use of AI and its associated risks. 

By embracing emerging technology like AI, auto insurers can future proof their businesses and stay competitive.

Insurance CEOs remain optimistic and committed to investing in emerging tech.

Digital Insurance reached out to insurance professionals about new and emerging risks.

Also, rising claims and risky driving create an uncertain road for auto insurers.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.

Insurers' Gen AI adoption may not happen as fast as many think, Forrester analyst Indranil Bandyopadhyay says.

Digital Insurance curated a list of our top Q&As with insurance executives for the year.

Digital Insurance reached out to insurance professionals about property and casualty trends to expect next year.

Responses from insurance professionals about insurtech related trends and uses for next year. 

Now in his second year with GNY (Greater New York Mutual) Insurance Companies, CIO Vasudevan Veeraraghavan is leading a digital transformation of the insurer's data management to support decision making.

Gen AI is particularly useful to search, generate, classify, cluster, and summarize information as well as extract valuable data and insights which could prove useful in the claims process.

Markel, Chubb, W.R. Berkley, Central Insurance and Ascot Group appointments.

The J.D. Power 2023 U.S. Claims Digital Experience Study shows overall customer satisfaction with digital experiences is down from last year.

Digital Insurance's top AI insurance stories including topics related to Gen AI and regulations.

The National Association of Insurance Commissioners, comprised of U.S. state insurance regulators, issued a policy bulletin calling for insurers to set governance and risk principles for the use of AI, and take responsibility for third-party data and systems.

Risk analytics essential to equip P&C insurers in California with the capabilities to precisely identify, evaluate and price risk.

Damage from severe thunderstorms — characterized by sudden downpours, fierce winds and hailstones — has been inching up by about 7% annually for 30 years, according to the analysis.

73% of insurance executives expect artificial intelligence to take their jobs, according to report.