Conning survey reveals a surge in AI adoption within the insurance industry, with large language models leading the tools being explored for sales, underwriting, and claims processing.
Bad actors continue to be just that — bad — but with the right prevention and mitigation strategies, insureds can put up a stout fight against cyber intrusions.
Without excellent risk mitigation and risk transfer, few would be able to view artifacts from one of the most dramatic maritime calamities of all time.
Many claim handlers are already using AI in their processes to some extent, but realizing its full potential could be hampered by a lack of tech talent and access to adequate data.
Emerging risks are always in mind for underwriters, but reinventing the wheel is rarely necessary to give brokers and insureds the new types of security they seek.
Former CPCU Society president Cindy Baroway talks about her path to success, her thoughts on servant leadership and the future of the industry as seen through her students.
As cyber threats rise, global cyber insurance premiums could hit $23 billion by 2025, and U.S. businesses are expected to shoulder over half of that cost.