Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends
Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023
Auto
Insurance Industry
Risk Management
Technology
Amazon Taps Robotics to Tackle Repetitive Motion Injuries
New robot technology could help protect Amazon warehouse workers from repetitive motion injuries, robotics company Agility Robotics said this week.
October 27, 2023
Risk Management
Technology
Workers' Compensation
Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age
Americans are turning to digital channels for some home and auto insurance needs, but other areas have proven more complicated.
October 27, 2023
Auto
Insurance Industry
Liability
Property
Technology
Risk Managers Beware: Generative AI Spells Serious Concerns for Security
A recent study by cybersecurity consultancy Gemserv warns that the ever-evolving world of artificial intelligence poses new challenges for companies.
October 26, 2023
Risk Management
Technology
Auto Claims Satisfaction Scores Are Up Despite Longer Repairs
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022.
October 26, 2023
Auto
Insurance Industry
Technology
Study Highlights the Evolution of Workers’ Comp
How has the workers’ compensation industry evolved over the past decade? The Rising Medical Workers’ Compensation Benchmarking Study answers this question.
October 26, 2023
Education & Training
Technology
Workers' Compensation
Commercial Auto Telematics Hitting a ’Tipping Point’
Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023
Auto
Risk Management
Technology
Harnessing AI for Climate Solutions: MIT Professor Explores the Potential and Challenges
MIT professor, Priya Donti, elucidates the significant role of AI in addressing climate change, while also acknowledging the associated challenges.
October 25, 2023
Education & Training
Technology
Predict & Prevent: From Data to Practical Insight
The insurance industry’s shift from assessing and pricing risks to predicting and preventing losses – thereby improving insurance availability and affordability – is well underway.
October 25, 2023
Insurance Industry
Risk Management
Technology
Industry Gap: Deploying Tools for Climate Risk Management
Reinsurance News recently spoke to Joss Matthewman, Senior Director, Product Management & Strategy, RMS, about what he believes the re/insurance industry needs to do to try and combat the effects of climate change.
October 24, 2023
Catastrophe
Insurance Industry
Risk Management
Technology
AI and the Future of Jury Trials
We have seen many changes to the traditional jury trial over the past few years due to COVID-19, but the realm of civil litigation is poised for yet another transformative journey.
October 23, 2023
Education & Training
Litigation
Technology
HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market
HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida.
October 23, 2023
Insurance Industry
Property
Technology
Underwriting
Florida
Space Insurers Brace For Claims After Propulsion Trouble on Four GEO Satellites
Propulsion problems on four satellites using the same kind of power modules are expected to result in at least $50 million in claims for insurers already facing more than $800 million in losses this year.
October 13, 2023
Insurance Industry
Risk Management
Technology
The Promise of Continuous Underwriting
Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
October 12, 2023
Technology
Underwriting
’Post-Quantum’ Agility Is Critical
As the world becomes increasingly reliant on connected technology, the threat of cyberattacks and data breaches continues to grow.
October 11, 2023
Risk Management
Technology
