Only a few insurers have extracted outsize value from AI to gain a competitive edge. Joining their ranks requires a strategic, comprehensive approach that rewires the enterprise.
MGA Vi Digial has rebranded to VUW and partnered with insurance technology specialist Inari to launch its smart ́follow property platform ahead of its smart-follow MGA facility launch in the London market.
With the rapid rise of InsurTech, traditional insurance companies are increasingly exploring alternative data sources and advanced technologies to sustain their competitive edge.
The smart path forward with artificial intelligence (AI) integration in insurance underwriting is to avoid turning AI development into a battle between humans and technology; instead, approach the relationship as a collaboration that amplifies the strengths of both.
The Future of Algorithmic Underwriting and Improved Market Efficiency
AI has been a part of the insurance industry for some time, but its adoption varies significantly based on insurance type, geography and the distinction between legacy insurers and insurtech disruptors.
Driving Innovation and Transforming Data into Business Value for the AI-Driven Insurance Industry
The Maturity of Generative AI in the specialty and reinsurance markets
Lloyd’s Market Association publishes extensive report on the future of enhanced underwriting
Driven by technological advancement and opportunities inherent to the hard market, carriers are increasingly investing in tools and data to support underwriting decisions.
Artificial intelligence is already having a significant impact on the way underwriters work, and there is a real sense of optimism across our industry.
Our services help to remediate the areas where industry research shows insurance has been weak: inflated expense ratios and a prevalence of unstructured data. We focus on delivering a seamless, data-driven insurance portfolio that focuses on efficiency and performance.
Companies that perform well on ESG are generally more trustworthy. This is the common thread in a loose terrain, where a variety of big players are proposing frameworks for businesses to assess the importance of Environmental, Social and Governance criteria.
Former Medical Protection Society (MPS) head of underwriting Chris Léglu and banking executive Caspar Murphy are set to soft launch an algorithmic follow-only MGA in the coming months, this publication can reveal.
Insurance leaders optimistic about AI’s impact on underwriting quality and fraud reduction but underwriter confidence lags.
Billed as a year’s worth of networking events, Insurtech Week is a week-long series of grassroots events around Insurtech Insights Europe Conference.
What do you do when something terrible happens? Hopefully, you can reach out to a loved one for support. We rely on the people around us for emotional support during good and bad times. This need for connection is ingrained in us, it goes both ways.
Insurers underwrite risks: they calculate risks and decide on the insurance price. Insurers seem captivated by two trends enabled by Artificial Intelligence (AI).
The Rendez-Vous de Septembre (RVS) enables senior players in the insurance and reinsurance market to meet up in Monaco and hold bilateral discussions ahead of the renewals. It is always a lively and sociable event and this year was no exception.
With today’s rapidly maturing technologies and the ability to tap into ever-increasing data, AI has emerged as the transformative technology and critical differentiator in the insurance industry, especially when applied in tandem with humans.