Effective Fraud Detection: Leveraging Data at Scale
In an era of digital transformation, the insurance industry faces a growing challenge: managing and leveraging the ever-increasing volume of data that can be used to ...
Features
Avoid Digital Transformation Remorse by Applying These Three Principles
Generative AI messaging is everywhere. New products continuously enter the market touting Gen AI capabilities. Established solutions regularly release new features ...
Stay Ahead of Digital Media Fraudsters with Smarter Claims Tools
Over the past few decades, the insurance industry has focused on the digital transformation of its operations to keep pace with rapid technological developments. Technology innovation has had a ...
Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold
The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection from cedents. ...
Having It Both Ways
Over the past four decades, Robert "Bob" Hartwig has championed the critical role the insurance industry plays in the nation's economy. So, when the former Chief Economist and President of the ...
How AI-Enabled Digital Twins Are Helping P/C Insurers Weather the Storm
The P/C insurance industry is at an inflection point as the rise in climate-related risks and natural catastrophes has severely impacted American insurers. Just last year, the country saw a ...
CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers
The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years.
Let's talk some truth. Of all the challenges the insurance industry is facing today, chief among them is the reality that insurance is becoming very hard for people to ...
The High Cost of Negative Consumer Perception
GenAI: Why Many Insurance Companies Are Getting It Wrong
Since November 2022 when OpenAI brought LLMs and GenAI to the broad public, I have discussed AI with more than 100 insurance companies, both big and small. Nearly every one of them has conducted at ...
They Should Take the Picture: How P/C Insurers Should Respond to Photo Flak
My interest in all things property/casualty insurance prompts my smartphone to serve up lots of news from across the nation about carrier activities—local news clips and mainstream media articles ...