Artificial Intelligence – Page 5
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Sponsored ContentSix factors for a successful telematics programme – SambaSafety
Charles Smith, vice-president of product at driving risk management firm SambaSafety, outlines the components that should underpin a comprehensive telematics offering
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NewsCrowdstrike IT outage could prompt ‘greater demand for cyber cover’
Cyber ’losses stemming from non-malicious causes’ are ’underserviced in the current market’, says head of London markets
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NewsGo Compare strikes deal with insurtech to boost pricing
’We realised the key issues faced by new companies were the cost of the system infrastructure and access to the right data and technology,’ says director
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IT InterviewBen Legg: Open GI homing in on ‘North Star’ of empowering brokers to write better business
’We see our role in the market to empower our brokers to write more and better quality business, as well as improving the lives of anyone using insurance products,’ says chief product officer
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NewsDavies appoints first group chief AI officer
The appointee ’is uniquely qualified to optimise our internal processes’, says chief operations officer
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NewsBroker ‘winners’ are those that embed ‘intelligent automation into workflows’ – Applied Systems
Artificial intelligence can support brokers in being more ‘efficient, effective and responsive’, says chief product officer
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NewsAI will enhance, not replace, human interactions in Lloyd’s market
’The key message is that digital is not going to replace humans’, says deputy chief underwriting officer, but will ’improve productivity in the market’
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NewsTechnology obsolescence is biggest digital threat in 2024 – Beazley
’Businesses need to adopt a robust risk mitigation strategy and perform diligent horizon scanning when adopting new technology,’ says new report
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IT InterviewInsurers will need to take the pain if they are to make the most of AI – Esure
Having the right underlying systems in place to support AI functionality is crucial, according to insurer’s chief customer officer
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NewsUse of technology essential for insurance firms’ ‘survival’
“It is not only a question [of] competitive evolution and competitive advantage, but it’s [also about] absolute survival,’ says chief executive
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IT InterviewChris Newton: Send Technology is focused on ‘solving real world problems for underwriters’
Chief technology officer believes the commercial insurance sector is ’ripe for disruption’
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NewsEmbedded insurance insurtech partners with HSBC and Numeral to improve claims payment process
’We see the claims journey as the moment of truth for customers,’ says chief customer officer
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News AnalysisTechTalk: Crypto stock market crash could burst AI bubble for insurtechs
’The downturn in the crypto markets signals a period of heightened caution and strategic reassessment’, says chief operating officer
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NewsCarbon insurance is in ‘startup phase’ – CFC
Equally, AI risks are often ’implicitly’ covered within E&O policies – however, more ’exclusionary’ terms could be on the cards if the technology goes wrong, says innovation manager
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News AnalysisIn Focus: How can cyber insurance adapt to address risks across other lines of business?
With the rise of sophisticated cyber threats infiltrating a myriad of insurance classes, how can cyber insurance adapt to effectively address risks across various lines of business?
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NewsInstanda scoops expert as interim chief AI officer
’His appointment gives us all an opportunity to benefit from his wealth of experience,’ says chief executive
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NewsMcLarens reports 300% rise in suspected fake document use in Q1 2023
’Fakes are becoming more sophisticated and easier to come by,’ says head of investigation
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NewsRegsearch rebrands AI proposition
The new name ’conveys the role of AI in risk and regulatory compliance tasks, tying directly to the Regsearch brand and enhancing our recognition and authority in the industry,’ says chief executive
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NewsCytora inks partnership with AI due diligence firm
’This collaboration strengthens our ongoing efforts to provide insurers with the most advanced solutions,’ says chief operating officer
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NewsHiscox goes live with AI proposition for brokers
’We can deliver tangible benefits for customers, while freeing up our underwriters from manual tasks,’ says chief executive
