Technology & Analytics
How to Characterize Emerging Risks for Liability Modeling
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks. Here, we focus in on how this framework can be ...
How to Model Systemic and Emerging Risks for Liability Risk Management
While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use of models in this area has ...
Report: Advanced Digital Economies Wary of AI
Trust in artificial intelligence (AI) varies depending on how digitally advanced a country is, a recent study by the Swiss Re Institute found. In advanced digital economies, a third of respondents on ...
Consumers Choose Automated Safety Over Self-Driving Technology
Car buyers seek advanced driver assistance systems (ADAS) to enhance driver safety when purchasing new cars, with the expectation the system will be standard in new luxury and mainstream vehicles. ...
Executive Viewpoint: Is Insurance the Hero AI Needs?
I founded Monitaur in 2019 to enable confidence and trust in AI through governance and assurance. With my partners, the company was founded with the belief that by enabling governance, we could ...
ChatGPT and Beyond: How Insurers Are Using AI
If you ask Rachel Alt-Simmons, head of global claims innovation and optimization at AXA XL, what she is most enthusiastic about when she contemplates the world of AI, she'll happily describe the ...
Navigating the AI Frontier: A How-To Guide for P/C Insurers
"In the midst of chaos, there is also opportunity." — Sun Tzu We are living in an epoch of profound transformation and paradox, reminiscent of Charles Dickens' "best of times" and "worst of times." ...
Is AI Risk Insurance the Next Cyber for Insurers?
The rising enthusiasm around generative AI and the prospective increase in AI adoption are opening up intriguing opportunities for insurers to underwrite AI risks. However, before they delve into the ...