It is inevitable, indeed desirable, that insurance should have many (but not all) of the limitations outlined below. The solution to many of the limitations is ...
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Dec 20, 2024 · The impact of technology on liability insurance is reshaping how general liability policies are structured, especially as emerging risks ...
Mar 26, 2024 · “As AI systems learn from past data, they might assign undue risk to certain companies based on outdated or irrelevant criteria, leading to ...
Ongoing technological innovations pose a challenge for industry and insurance business. In particular, advancing digitalisation presents significant challenges.
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May 8, 2023 · The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage. Technological ...
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Nov 28, 2023 · The top five risks to the industry in the 2023 survey are cyber attack or data breach, failure to attract or retain top talent, weather and natural disasters.
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Third, cyberattacks are highly scalable as they can potentially hit thousands of companies simultaneously, causing large interrelated losses for insurers. Due ...
Jul 17, 2024 · Technology leadership can lead to up to 3 percentage points higher premium growth and 5 percentage points lower expense ratios, according to ...
Aug 19, 2024 · AI is transforming the insurance value chain by enabling more personalised services, generating valuable insights to manage risks and lowering costs.
Jun 7, 2019 · Some stakeholders have raised questions about how certain uses of insurtech could create both risks for consumers and challenges for regulators, ...
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