Increasingly, climate change is becoming a pervasive business risk that is perilous to ignore. Flood, drought, wildfire, severe windstorms, and other anomalous weather effects will likely jeopardize most every organization in time, whether directly or indirectly.
“A machine can build a bias without us knowing it. I mean, you feed it enough data, you can tell it to ignore racial profiles, but you never know how the machine does it.”
The four issues they were most excited about were new products and services; automation and the use of AI for improving underwriting performance; new data sources; and ESG considerations.
Rather than searching for permutations of claims characteristics in swathes of data, you tell the machine to look for claim cohorts that are experiencing unexpected development – and set it off to do the searching.
Coalition CEO Joshua Motta shares his views on the evolution of cyber insurance, insurance regulation and a number of additional topics with Risk & Insurance.
Collisions with insurance company legacy systems is just one reason why the use of artificial intelligence in property underwriting has not advanced as far as some would like.
Over one million workers’ comp claims were auto-coded using AI, creating a new source of injury intelligence intended to target the causes of work injuries.
Technology changes the game by easing the burden of record keeping and tilting the workers’ compensation case management field toward true injured worker advocacy.
As risk manager for a major entertainment company, Brad Waldron says collaboration with outside parties is key to staying successful amid evolving consumer preferences.
A new LexisNexis Risk Solutions report explains how small commercial business insurance carriers can turn their top challenges into competitive advantages.
With today’s digital landscape, customers have higher expectations for a more streamlined quote experience, which means fast, convenient transactions that are automated and digitally interactive.
As companies across all sectors evolve into digital enterprises, there is an increasing need to value a company’s data as a tangible asset on the balance sheet.