Property and casualty insurers are adopting AI and aerial imagery to address climate challenges, cybersecurity concerns, and improve underwriting accuracy, according to a Nearmap report.

Predictive analytics and machine learning are reshaping insurance claims management by enhancing efficiency, detecting fraud, and improving customer satisfaction.

AI, driven by breakthroughs in computing power and generative models, is reshaping claims processing, customer service, and operational efficiency in the insurance industry.

A ZestyAI survey reveals growing confidence in AI risk models, with insurers emphasizing the importance of innovation in addressing climate-related challenges and profitability.

A recent report highlights that nearly all Americans have been targeted by digital scams, with billions lost annually to sophisticated cybercrime schemes.

AI weather models like GraphCast demonstrated remarkable accuracy during this hurricane season, outperforming traditional models in predicting storm tracks but facing challenges with intensity forecasting.

AI is reshaping Medicare Advantage claim approvals, raising concerns among healthcare providers over denial rates. As technology automates prior authorization, hospitals and patients face delays and challenges in accessing essential care.

General Motors is recalling nearly 462,000 Chevrolet, GMC, and Cadillac vehicles with diesel engines due to a defect in the transmission control valve that could cause rear wheels to lock up, raising crash risks.

Apple faces a UK class action alleging it unfairly dominates the data storage market by limiting consumer options for external storage. The lawsuit, filed in London, seeks up to £3 billion in damages and highlights ongoing concerns over monopolistic practices by tech giants.

Tesla recalls 2,400 Cybertrucks in the U.S. over a faulty driver inverter that could cause loss of power, raising crash risks. This latest issue, which affects Cybertrucks manufactured through July 30, follows several other recalls issued in 2024.

Earnix’s 2024 Trends Report reveals insurers are increasingly adopting AI for real-time data analytics while confronting hurdles like legacy system upgrades, regulatory compliance, and operational delays. Insights highlight insurers’ progress and gaps as they navigate technology-driven transformation.

As cyber threats evolve, outdated security service edge (SSE) solutions may fail to provide the protection, performance, and cost-efficiency modern businesses need. Here are the top indicators that your SSE platform might need an upgrade to stay effective.

Embedded insurance is reshaping the insurance industry, bringing coverage to consumers through everyday transactions and bridging the protection gap. With innovations in auto and mobility sectors, this approach aims to reach underserved customers, offering tailored solutions seamlessly integrated into purchases.

While insurance ranks high in AI innovation, new research reveals the industry’s untapped potential to maximize AI-driven revenue and operational efficiency. With improvements in core functions like claims and underwriting, insurers are well-positioned yet still falling short in areas that could elevate them as AI leaders.

The 2024 Global Insurance Report explores key shifts in the insurance sector, including market volatility, regulatory risks, low-carbon investments, and expanding private market exposure across various regions.