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Big data, artificial intelligence and machine learning are driving a shift in the way insurers approach risk and could fundamentally change the business model over the long term.
According to a new report from KPMG, the insurtech space saw a significant decrease in value in 2018, but plenty of deals are still being made.
McKinsey & Company took pains to outline the numerous ways that Artificial Intelligence will change commercial insurance.
MIT researchers conclude that machine learning has the potential to create great efficiencies; that goes for its use in insurance too.
It’s not totally clear how technology will impact large commercial carriers in the future. One industry expert offers his predictions.
AI is poised to take the actionability of data and the accuracy of insurance underwriting to the next level. And that’s a win for everyone.
The regulatory landscape is changing. Insurance companies need to be on top of these key trends if they want to continue to build successful risk strategies.
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.
In 2018, the industry embraced disruptive technologies. Here are the five trends I see unfolding next year.
Technology isn’t revolutionizing workers’ comp just yet, but machine learning, robotic automation and new communication platforms are attracting a lot of investment dollars.
From construction to cargo to cyber, an array of Insurtech technology solutions is beginning to bring real improvement to risk management safety strategies.
Automation and digitization are the new norms in millennial eyes, and commercial insurance transactions are subject to the same expectations.
A few themes emerged at this year’s Annual Marketplace, including challenging market conditions, the talent gap, and the promise of Insurtech.
Gig workers’ unique insurance needs drive delivery of on-demand coverage.
Insurance can now be turned on or off with the swipe of a smartphone.
With promises to bring insurance into the 21st century, Insuretech firms make headlines. But only some are making a real difference in the way the industry works today.
As insurtech is reconfiguring the way the insurance world works, there is plenty of room for similar efforts on the risk management side.
Insureds and carriers agree that more communication can address common claims complaints.
After months of pilot studies, underwriters will soon go live with Maersk on a commercial distributed-ledger system for marine insurance.
Aon Benfield cites growth opportunities as technology becomes more and more integrated into the industry.