The rise of artificial intelligence brings the prospect of huge productivity gains for the insurance industry, as well as multiple emerging risks to cover, the Bermuda Risk Summit heard. Panellists ...

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a "snowball effect" ...

By Sriparna Roy and Sneha S K March 12 (Reuters) - Artificial intelligence is being deployed on both sides of the tug-of-war between U.S. healthcare systems that want to be paid more for medical ...

AI could contribute up to $1.1 trillion annually to the global insurance industry. Of this, $300 billion is expected to come from AI-powered customer service and product personalization. That ...

New research from Evident reveals that AI rollouts by insurers are most common in claims management, underwriting and ...

OneShield Expands AI Hub Platform with Specialty Insurance Provider, Reinforcing AI-Native Strategy for the Insurance Industry.

Canadian insurers deploy AI for routine underwriting decisions, while human expertise continues to guide complex cases, ...

What may emerge are distinct liability modes, where certain models operate with stricter guardrails to qualify for lower ...

The insurance industry’s embrace of AI calls for a governance framework to assist regulators, guide insurers, and inform consumers. The National Association of Insurance Commissioners’ Big Data and ...

In the first of three use cases around AI in the insurance sector, Aviva CEO Amanda Blanc talks through the benefits seen to date.

As AI technologies like ChatGPT and other generative AI tools have gained prominence, our clients have started raising questions about their insurance coverage. Among the most frequently asked are: ...

Koustav Bhar uses AI to revolutionise fraud detection in banking and insurance. His real-time pipelines and graph links save ...