Surveys
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...
Robust Personal Auto Insurance Market Will Slow in 2020: Fitch Prediction
Don't expect the U.S. personal auto insurance market to continue in 2020 with the strong results seen in 2018 and likely for 2019, Fitch Ratings said in a new report. Fitch said that "shifting market ...
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
$110B: The Potential Cost of a Cyber Attack on Asia’s Ports
A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday. Cyber insurance ...
Performance of Carmakers’ Pedestrian Detection Systems Varies Widely: IIHS
The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians ...
Ransomware Attacks Soaring as They Target IT Vendors and Their Clients
Ransomware attacks increased by 37 percent during the third quarter of 2019 compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. ...
Carrier Tech Investments Boost Customer Satisfaction With Auto Claims Process: J.D. Power
Customer satisfaction with the auto claims process has apparently reached record levels, thanks in no small part to carrier investments in the technology that serves the process. The 2019 J.D. Power ...
Hurricane Dorian Ties an Atlantic Hurricane Landfall Record: Aon
Hurricane Dorian's early September onslaught in the Bahamas, North Carolina and Canada produced total economic and insured losses in the billions, according to Aon's monthly Global Catastrophe Recap ...