Innovation
Backing Up EV Battery Reliability: Munich Re’s aiSure
The European Union is miles ahead of the U.S. in terms of adopting electric vehicles (EVs). By 2026, the number of EVs sold in the EU is expected to exceed 4.4 million vehicles compared to 1.9 ...
AI Insurance Takes a Step Toward Becoming a Market
Back when Munich Re launched the industry's first insurance coverage for artificial intelligence (AI) at the end of 2018, the policy, aiSure, found few takers. In subsequent years, as more companies ...
Looking Into the Future: Writing, Underwriting and Generative AI
In an age where anyone with a computer can be a graphic designer, it's no surprise that magazines are starting to experiment with using artificial intelligence to create their visuals. And while some ...
Where Carriers Are Spending: The Investments Driving Underwriting Change
Although nearly two-thirds of underwriting professionals surveyed in 2021 said that AI and automation tools aren't easing their workloads—and 28 percent said their workloads have ...
Prime Insurance Launches New Podcast
Prime Insurance Company has launched a new podcast to discuss product highlights and insurance claims, featuring guest appearances from employees, producers and insureds. The podcast—hosted on ...
The Keys to Launching an InsurTech Startup in a Challenging Environment
The insurance industry has faced an onslaught of challenges over the past couple of years, from the global COVID-19 pandemic to economic and social inflation, a talent shortage, a changing climate, ...
How to Tackle Inflation-Driven Pricing, Reserve Risk: A Coverage Fix
Annualized inflation in the U.S. topped 5 percent just once since 1981—until now. In the UK, it exceeded 3 percent only rarely since 1992, and only ever by a fraction. In France, the change in the ...
Underwrite or Autowrite? How Machines Help (or Hurt) the Underwriting Profession
The person who invented autocorrect should burn in hello. We've probably all seen some form of this joke and thought about a situation where a word we wanted to type was replaced by one we definitely ...