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Human oversight would still be needed, especially for underwriting, industry experts say. Yet linking voice recognition with AI engines will put insurance agents jobs at risk, they add.
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More than one-third, 37%, of customers who use AI to research insurance options changed their policy as a result.
August 28
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Andrew Engler, CEO and co-founder of the insurtech, shared that if a property owner is willing to invest in reducing the possibility of a catastrophic loss, it should translate into insurance value.
August 27
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To find the most success with AI, insurance companies should view it more as a way to fundamentally rework processes, according to the experts who write for InsureThink.
August 27
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Introducing insurance options during the auto purchasing process correlates to a 20% boost in finance and insurance gross, according to Polly's Q2 embedded insurance report.
August 27
Andrew Dalton, chief product officer, spoke about the challenges and risks presented by property data and how the MGA is using AI technology.
The broker experience is determined not by how quickly a risk can be submitted, but by how efficiently and confidently a carrier evaluates it.
Insurance expert Kenneth Saldanha says workflow and volume solutions are startups' biggest focus.
Investors are committing almost 10 times as much as they were three years ago, but they are also setting higher standards for efficiency and profitability.
Sixteen leaders across the insurance industry have been recognized for their leadership and significant contributions to their companies, colleagues and the industry.
Tresa Stephens, North America Allianz commercial regional head of cyber, tech and media, holds over a decade of experience in delivering specialized cyber, tech and professional liability solutions.
Sarah Murrow, president and CEO of Allianz Trade in Americas, shares her career journey in the insurance industry and her approach to acting as an effective leader to a multi-national business.