Innovation
Parametric Insurance Meets the Wildfire Peril: InsurTech Kettle Responds
Could parametric insurance become a bigger piece of the wildfire insurance market? Kettle is an insurance and reinsurance MGA built around a proprietary wildfire model that was developed using AI and ...
Structure Data Boosts Understanding of Wildfire Risk: Faura CEO
Valkyrie Holmes, CEO of Faura, believes that a deep understanding of the structural qualities of buildings is crucial to insuring properties in areas at high risk for wildfires. Her company ...
Leading Insurance Innovation in the AI Age (Part 3: Disaster Response)
Insurers have many reasons to invest in AI. Adapting to increasingly severe and frequent disasters ranks high on the list.
Technology implementations are complicated. In fact, nearly half of respondents in a recent BCG survey (global C-suite executives) admitted that more than 30 percent of ... Insurance leaders are concerned about the return on investment of their AI initiatives. While AI holds great promise, there's also a lot of hype—and a lot of ...
Leading Insurance Innovation in the AI Age (Part 2: Tech Project Pitfalls)
Leading Insurance Innovation in the AI Age (Part 1: Culture)
Hiring for Attitude: What Sets Lemonade Apart
An executive speaking at Lemonade's Investor Day late last month took investors behind the scenes to watch some of its AI bots in action. The point of the demonstration, however, was to do more than ...
90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to ...
Insurance Execs See Gen AI Necessary To Compete; Customers Wary
Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple ...
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 ...