One AI-powered MGA with hedge fund experience has created a model that allows it to accurately underwrite price protection insurance for raw materials
Insurance, at its very best, is a beautifully simple product that provides individuals and companies with the confidence to take measured risks, safe in the knowledge that, should the worst happen, some of the consequences can be mitigated or avoided.
When the very first marine underwriters emerged in the ports of Europe, it was that promise of restitution and risk mitigation that allowed ships to navigate the globe and plant the seed that turned into the global trade networks we all enjoy today.
Read more…
Explore more TechTalk content here, or discover other news analysis stories here
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.