Technology/Science
Insurance Customers Skeptical About AI Processes and Benefits
While insurance consumers may be warming up to artificial intelligence, 68 percent say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ...
Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes
On the hunt for cheap and fast strategies to prevent deadly wildfires, utilities across the US and Europeare contracting with a handful of artificial intelligence startups to map wildfire risk along ...
Aon Launches AI-Enabled Claims Copilot
Debuting in Germany in November, Aon recently launched Aon Claims Copilot, aiming to enhance claims outcomes of clients of the professional service firm through a single, integrated digital platform. ...
PwC: Insurance Execs Say Agentic AI Leading Industry Transformation
More than half of insurance executives say generative and agentic artificial intelligence are the technological investments that will have the most transformative impact on the industry over the next ...
Chubb Launches AI-Powered Embedded Insurance Engine in ‘Chubb Studio’
Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution ...
AI Investments Are Top Priority; Hourglass Workforce Structure Takes Shape: Insurance CEO Survey
"We are very bullish on AI, and we're leaning into it." That's how Alan Schnitzer, chief executive officer of Travelers, responded to a recent question from an investment analyst who wanted specifics ...
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses ...
Viewpoint: AI Will Replace Most Humans, But Then What?
Is technology more job augmenting or job replacing? This has been a long-standing debate. But recent academic work suggests that technology has been a net destroyer of jobs for decades. Artificial ...