Digital Innovation Paves the Way for Pet Insurance Breakthrough
With pet insurance awareness low, Spot Pet Insurance has quickly become one of North America’s fastest-growing pet insurers, recently exceeding $100 million in gross written premiums.
November 9, 2023
Life & Health
Property
Risk Management
Technology
Florida
Cruise Automation Hits a Bump: 950 Driverless Cars Recalled After Accident
Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls.
November 9, 2023
Auto
Catastrophe
Legislation & Regulation
Technology
Arizona
Florida
Texas
EU Presses TikTok for Greater Measures Against Misinformation Spread
The European Union’s digital chief has commended TikTok for its recent initiatives to safeguard users but underscores the need for continued vigilance against the spread of illegal content and misinformation.
November 8, 2023
Fraud
Legislation & Regulation
Risk Management
Technology
Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting
Enhancing accuracy and profitability, Mulberri’s new AI Risk Engine promises to revolutionize workers’ compensation underwriting.
November 8, 2023
Risk Management
Technology
Underwriting
Workers' Compensation
Nike Launches Legal Battle Over Sneaker Tech Patents Against New Balance and Skechers
Footwear giant Nike filed federal lawsuits against New Balance and Skechers, accusing them of infringing patents related to Nike’s technology.
November 7, 2023
Litigation
Technology
Underwriting
California
Massachusetts
Oregon
Building for the Future: Florida’s Hurricane-Resilient, Eco-Friendly Homes
Some developers are building homes with an eye toward making them more resilient to the extreme weather that`s increasing with climate change, and friendlier to the environment at the same time.
November 7, 2023
Catastrophe
Property
Risk Management
Technology
Florida
Embracing AI in Insurance: Balancing Efficiency and Data Security
While generative AI tools offer immense benefits, they also come with legal risks. Insurance brokers, producers, and account executives need to be aware.
November 7, 2023
Education & Training
Liability
Technology
California
Insurtech Funding Hits Record High in Q3 with Over $1 Billion, Dominated by P&C Sector
The global insurtech sector surpassed US$1.1 billion in new funding during the third quarter of 2023. This growth represented a 19.8% increase.
November 7, 2023
Insurance Industry
Life & Health
Property
Technology
California
Massachusetts
Harnessing Advanced Analytics for Effective Catastrophe Risk Management
Guy Carpenter’s Kimberly Roberts, Jeffrey Schmidt and Shannon Peterson outline the benefits of advanced analytics in managing catastrophe risk.
November 6, 2023
Catastrophe
Risk Management
Technology
Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival
Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Risk Management
Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver
The Malvern, Pa.-based Institutes’ latest affiliation promises to introduce the skills and experience of insurance accounting and systems administration professionals to a much wider audience.
November 2, 2023
Education & Training
Risk Management
Technology
Pennsylvania
Unveiling Generative AI: A Game Changer for Customer Engagement
Generative AI enables the creation of sophisticated, personalized customer experiences in the insurance industry through intelligent communication.
November 1, 2023
Insurance Industry
Risk Management
Technology
AI and Economic Trends: A New Era of Opportunities in Subrogation
How is artificial intelligence changing the subrogation process? How has the economy changed carriers’ appetite to identify subrogation opportunities?
November 1, 2023
Insurance Industry
Legislation & Regulation
Subrogation
Technology
Unveiling the Three-Stage Digital Revolution in the Insurance Industry
In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023
Auto
Education & Training
Liability
Risk Management
Technology
Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology
By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023
Auto
Fraud
Insurance Industry
Technology
