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How Gen AI Is Transforming NAIC Reporting Compliance
U.S. insurers face significant operational and compliance challenges as they adapt to evolving NAIC reporting requirements. With updates to the regulator's standards introduced throughout 2024 and ...
Growing Cyber Risks Pressure Insurers to Standardize, Adapt
As cybersecurity threats become more pervasive and sophisticated, businesses are realizing the necessity of insuring against such risks. Nevertheless, the market is still evolving and grappling with ...
AI for Policy and Claims: Should Insurers Build or Buy?
More insurers are dipping their toes into the AI pool. In fact, 57 percent of insurance organizations think AI will be the most important technology over the next three years. But a lot of that ...
Agentic AI Is Coming. Insurers Can Help Boost Adoption
When people talk about the forces driving AI innovation, the spotlight usually falls on tech giants and research labs. These institutions may build the models and release the breakthroughs, but ...
Investing in Your Company’s Long-Term Viability
If you are a veteran of the insurance industry like me, then you can attest to just how radically the landscape has changed since the dawn of the new millennium a quarter century ago. While the ...
Underwriting’s Quiet Revolution: Moving From Reaction to Precision
For years, insurers poured resources into modernizing consumer interfaces and touting their improvements. Meanwhile, underwriting remained largely untouched. It was slow, stable and resistant to ...
Mission, Purpose Not High on Wish Lists of Industry Newbies: Informal Talent Poll
A poll of workers recently hired into the property/casualty insurance industry conducted during a Travelers Institute webinar last month produced some unusual results, surprising one webinar panelist ...
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B
"Are you being serious?" Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company's second-quarter earnings call about ...