Distribution
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
The world's largest insurance brokers recently found themselves caught in an "AI scare trade" after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as ...
Executive Viewpoint: How AI Is Changing the Role of the Insurance Broker
Discussion in the insurance industry has often centered on whether AI will replace people, but the more pertinent question is how it is changing broking and underwriting roles. AI is redefining the ...
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
U.S. insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry ...
Insurify Starts ChatGPT App Allowing Consumers to Shop for Insurance
Online insurance agent Insurify said it has launched a ChatGPT app to allow consumers to compare and shop for insurance. Insurify said the app is the first insurance app in OpenAI's directory. ...
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’
In a Christmas court filing, Howden US filed its response to a request by rival Brown & Brown for a temporary restraining order, saying the recent exodus of Brown & Brown employees to Howden ...
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the ...
Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of $70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest ...
Don’t Forget the Front Line: Why Insurers Need to Research the Agent Experience
In the rush to improve customer experience, many insurers have overlooked a critical group of stakeholders: the independent brokers and agents who sell their products every day. With this group now ...