CTO / Technology
CEO Viewpoint: Leveraging AI to Combat Social Inflation in P/C Insurance
Social inflation is an ever-present concern in the property/casualty insurance industry, putting pressure on their reserve levels and overall financial stability. According to research from Swiss Re ...
Change Management Best Practices for P/C Insurers
In the property/casualty insurance industry, AI's ability to analyze vast datasets to evaluate risk is a game-changer. It enables insurers to price policies more ...
Low Software-Generated Replacement Costs Fuel Suit Against Farmers
Alameda County District Attorney Pamela Price's Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they're operating a ...
InsurTech Summit Report: Capturing Data to Underwrite With AI
While they come to the property/casualty insurance sector with very different backgrounds, and currently participate in unrelated segments of the market, two InsurTech executives agree that ...
AI Large Language Models Not Leaving Chubb’s Greenberg ‘Breathless’
Revealing that Chubb has its own version of ChatGPT and an app store that delivers copilots to different functions of the company, CEO Evan Greenberg said he recognizes the power of AI—but he's ...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey
Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate AI into their analytics (49 percent), but most have yet to bring "traditional" analytics into areas ...
Is Trampoline Install Covered by Landscapers Insurance Policy? A.I. Says Yes
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper's liability insurance policy? Artificial intelligence programs suggest that it is. But human judges ...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the ...