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AI checks data quickly to find errors and flag problems, reducing mistakes and speeding up approvals.
‘This year, AI systems will process almost unthinkably vast amounts of property data.’
Insurers are poised to become key players in mitigating the risks of a rapidly changing environment.
Employers need to focus on the work that generative AI and other forms of artificial intelligence can truly automate.
Social inflation, insure-to-value and supply chain shortages are major issues for independent agencies to manage.
These five trends are most likely to shape the insurtech market in the year to come.
The home insurance market will require significant investment and improvement throughout 2025.
Making the move into commercial lines and cross-selling to existing clients is an easy way for insurance agencies to increase profitability.
There are bright spots for insurers as 2024 winds down despite costly catastrophes and legal-system woes.
Leaders must help their employees learn how to leverage generative AI to harness its full potential.