C R Toogood & Co Ltd’s Post

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🌟 Friday Roundup: News of the week as we head into September! 🌟 💼 Industry Updates: - AI and Insurance Risks: The emergence of "Silent AI" risks was highlighted this week, referring to the potential for artificial intelligence-related risks that may be inadequately covered by traditional insurance policies. These risks, while increasingly relevant, often go unaddressed due to their implicit nature in existing coverage frameworks. - Insurance Technology and Market Trends: The use of AI in claims processing was highlighted this week, with insurers like Tokio Marine reportedly saving millions annually by implementing AI-driven solutions to improve customer experiences. 👨👨👧👦 Company News from the week: - Today we celebrated Danielle Cumper's baby shower as it will be her last day in the office for a while! We wish you the best of luck for the next few weeks DC and we can't wait to meet the new baby! 🤱🍼 - We also had Richard Fernandez ACII in this week, as he is back from his cruise! Great to see you Richard! 👋 🔗 Stay Connected: - Make sure to follow our Instagram page (@toogoods_insurance) for more updates, tips, and industry news. We have started to post some great content on how to have the correct cover in place, so don't miss out! We hope you all have a great weekend! See you next week! ✨

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