A recent study conducted by the Insurance Institute for Highway Safety (IIHS) reveals that early versions of Subaru’s EyeSight crash avoidance system demonstrated success in preventing real-world crashes involving bicyclists traveling parallel to the road by 29 percent.

In recent years, the concept of the metaverse has gained significant attention as a potential game-changer in the way we interact with digital content and each other. Metaverse technology is being hailed as the next frontier in the evolution of the internet, with its potential applications ranging from gaming and entertainment to education, e-commerce and even insurance.

ChatGPT feels pretty inescapable right now, with stories marveling at its abilities seemingly everywhere you look. We’ve seen how it can write music, render 3D animations, and compose music. If you can think of it, ChatGPT can probably take a shot at it.

Unlocking the full potential of Predict & Prevent strategies takes teamwork. We need insurers, tech innovators, policymakers, customers and others working together to create, test and launch solutions that stop losses in their tracks. It’s an exciting idea, but how do we make it happen?

For over a decade, we have pretended to be paperless. We tout the fact that the file cabinets, the seven-part specialized file folders and massive mail rooms have all been eliminated and reduced, and we claim we are paperless. But we know we aren’t. Today’s paper is PDFs, Excels and Adobe.

The insurance industry dates back to ancient Babylon and China, where merchants would pool their resources to protect themselves against losses from piracy and theft. The concept landed on the U.S. shores in 1752, when Benjamin Franklin co-founded the first insurance company in Philadelphia.

From skyrocketing premium growth to the ever-increasing adoption of artificial intelligence to wondering which storm will be the next multi-billion-dollar weather event, the property/casualty (P&C) insurance industry continues to face steep challenges in 2023.

The head of the artificial intelligence company that makes ChatGPT told Congress on Tuesday that government intervention will be critical to mitigating the risks of increasingly powerful AI systems.

Researchers at a leading cryptocurrency tracing company have bad news for Washington: Ransomware is back, and it might be worse than ever.

Unless you purposely avoid social media or the internet completely, you’ve likely heard about a new AI model called ChatGPT, which is currently open to the public for testing.

In 2021, analysts with McKinsey & Company listed artificial intelligence (AI) among five tech trends predicted to transform insurance over the next decade. Yet it is likely even the experts at McKinsey had no idea how far -- and how fast -- AI would mature.

To bolster innovation, insurers are turning to a technology that, in its short lifetime, has already created massive changes in business and the world. Generative AI, a type of artificial intelligence that can create content, rather than simply analyzing existing data, has been at the core of experiments in trying to optimize insurer processes, predict risk and develop customized policies for individual customers.

The insurance industry dates back to ancient Babylon and China, where merchants would pool their resources to protect themselves against losses from piracy and theft. The concept landed on the U.S. shores in 1752, when Benjamin Franklin co-founded the first insurance company in Philadelphia.

Global climate risk coverage platform Arbol, and The Institutes RiskStream Collaborative, the insurance industry’s largest blockchain consortium, have announced a strategic partnership to transform parametric insurance.

Generative AI is an artificial intelligence (AI) technique that involves creating new content or data using machine learning models.