Risk

The acquisition will expand Aon's outreach in India's commercial risk, health and reinsurance sectors.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

AIG has pulled away from writing some business in California, while other insurers have taken similar steps in that state as well as in Florida.

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.

Digital Insurance received written responses from Joseph B. Keller, a visiting fellow at the Brookings Institution in Foreign Policy, affiliated with the Strobe Talbott Center for Security, Strategy, and Technology and Artificial Intelligence and Emerging Technology Initiative, about the need to quantify the potential carbon footprint of AI.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

Both commercial and homeowner insureds may have to turn to parametric insurance to cover losses as carriers leave markets and force states to cover the burden.

Extreme weather events, rising inflation and a constantly-evolving risk landscape are just some of the challenges Sansone uses technology to tackle.

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