Risk

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.

Digital Insurance reached out to insurance professionals about cyber risk trends.

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

Insurers Chubb and QBE North America, as well as reinsurer Swiss Re, seek to educate insureds on how to mitigate risks of natural catastrophe damage.

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

Start thinking ahead about Gen AI now, Geico marketer says. Insurance industry analysts expect more investment in and adoption of Gen AI by carriers in the coming year.

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

Manulife Financial Corp. agreed to reinsure $10 billion of reserves with KKR & Co.'s Global Atlantic Financial Group. The transaction is expected to be completed in the first half of next year, subject to regulatory approval.

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

Insurers are feeling the effects of the climate crisis but only 8% are currently attacking climate change head-on with strategic and proactive initiatives, according to Capgemini research.

Insurers considering using Gen AI for claims, underwriting and other operational functions will need to watch out for "hallucinations," the phenomenon of Gen AI language models producing inaccurate or nonsense results.