Risk

Carriers, pressed by lower expense insurtech models that emphasize direct-to-consumer engagement and new, rich data sources, are beginning to encounter a bifurcation of risk and client characteristics.

Over half or 62%, of insurers, say they will invest in risk management over the next year, with 55% saying they’ll invest in customer and employee data protection, according to the FIS’ 2021 Readiness Report.

Several companies are using artificial intelligence and data analytics to better map properties for coverage in potential high-risk wildfire areas.

Climate change is exacerbating extreme and freak weather events so rapidly that even the insurance industry is struggling to keep up.

The risk models insurers had previously relied on need to be adapted for today’s challenge.

Continuity and speed are just two benefits of payment automation, says VPay's Elisa Logan.

With the growing vulnerabilities and uncertainty of our highly globalized and connected world, actions in one place can spread rapidly to have global effects.

Amid record low travel and vehicle miles traveled, speeding and crashes in cities around the United States have increased.

Ruth Foxe Blader, managing director with venture-capital company Anthemis, is responsible for identifying insurtechs that are helping carriers minimize risk.

CHIME, a professional association for chief information officers, and AEHiS, which represents chief information security officers, seek tighter control of devices for security purposes.