Risk

Defections by U.S. states from NAIC's call for property market data reporting could widen the gap in insurance protection, climate risk solutions expert says.

With its checkered history of risk placement process modernization fading away, the London Market is now pushing towards a bright new data future.

Insured losses from natural catastrophes have been on a slow and steady rise.

The move comes just nine months after State Farm announced plans to stop issuing new coverage in the most populous US state.

The right data and tech means that insurance providers have more time and resources to focus on their customers.

Cumbersome paperwork and manual processes have burdened insurers for decades, but the industry is finally embracing artificial intelligence to improve efficiency and client satisfaction.

Robust testing, new workflows, and enabling employees to experiment and explore AI, will enable insurance organizations to bypass Gen AI challenges.

What insurance underwriting looks like in the age of artificial intelligence and the role of human underwriters.

These cyber threats will continue to evolve and pose risks for insurers and their policyholders.

The strategy in question is tied to insurance-linked securities, which are dominated by catastrophe bonds (often dubbed cat bonds).

How will your organization implement AI?

Financial institutions move slowly but they respond with greater urgency when there's a consequence to not adopting technology.

Digital transformation can take many forms, customer experience and operational efficiency remain priorities.

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. 

The Allianz Risk Barometer features the corporate concerns from over 3,000 risk managers worldwide.

AI training can become a financial bottomless pit if insurers don't understand the complexities involved.

Ernst Rauch, chief climate scientist at Munich Re, says insurers are now having to rethink how they classify storms.

Athene, an Apollo unit, is one of several insurers ramping up their participation in net asset value financing, an increasingly popular form of borrowing for private equity funds that need liquidity amid a tough market for cashing out holdings

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