Despite recent layoffs, the insurance and risk management industry continues to attract young professionals, driven by the promise of multifaceted careers and evolving market dynamics.
At ITC Vegas 2023, experts discussed AI’s transformative role in insurance underwriting, emphasizing the need for trust and education in integrating this evolving technology.
Artificial Intelligence revolutionizes insurance underwriting and processes, raising efficiency but also sparking concerns over job security in the industry.
Crash detection technology is set to revolutionize the auto insurance claims process, offering real-time accident alerts and improving the efficiency of claims handling.
Amid a surge in ransomware attacks, the cyber insurance market remains highly profitable with strong growth potential, demonstrating resilience in the face of evolving cyber threats.
The property/casualty insurance sector anticipates a challenging 2023, marked by unprofitability and rising replacement costs, despite strong premium growth.