Coming off the worst underwriting performance in over a decade, the U.S. P/C insurance industry continues to face significant headwinds that threaten profitability and ...
The movie "Terminator 2" is the first thing that comes to mind when I hear about artificial intelligence. A universe where machines take over our daily lives seems so ...
As wildfires raged across Northeastern Canada in June, spreading toxic smoke across a large swath of Eastern and Central U.S., risk and insurance executives were reminded ...
As evidenced by the recent popularity of generative AI tools, the tech landscape in insurance seems to be moving at an increasingly fast pace.
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.
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 ...
How to Model Systemic and Emerging Risks for Liability Risk Management
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 ...
