Insure Think

The rise of online shopping during the holidays increases the prevalence of unlicensed shipping insurance and merchants must ensure any coverage offered follows regulatory requirements.

Life insurers are embarking on a digital transformation journey to leverage data technology.

Gen AI is particularly useful to search, generate, classify, cluster, and summarize information as well as extract valuable data and insights which could prove useful in the claims process.

Insurance carriers need more tools to combat social inflation and data sharing to create insights about the early litigation warning signals could help.

Integrating artificial intelligence into the world of banking and finance must be a cooperative effort between the industry and regulators. It's important that the discussions start now.

Risk analytics essential to equip P&C insurers in California with the capabilities to precisely identify, evaluate and price risk.

Big data can tell carriers about potential customers and make a preliminary decision on their insurability.

Technology drives efficient and personalized insurance experiences in 2024.

Insurers are feeling the effects of the climate crisis but only 8% are currently attacking climate change head-on with strategic and proactive initiatives, according to Capgemini research.

Cyber insurance can provide peace of mind and affect customer acquisition and retention.

Carriers should be watching these 10 trends that will shape the future of insurtech in 2024.

Insurers are harnessing the power of data technology to better manage risk exposures.

Insurance leaders need to address emerging challenges in API security.

Adjusters across the insurance ecosystem are utilizing digital technology to assess, document and close claims.

Every journey should begin with a test drive of ChatGPT on the road to developing principles, monitoring progress and celebrating success.

Insurers should ask how they can unlock the most value from technology?

Adopting new technology isn't just about buying and installing software. It's about understanding human behavior.

The bombshell investigation into pervasive sexual misconduct at the Federal Deposit Insurance Corp. has spurred some senators to call for FDIC Chair Martin Gruenberg's resignation. If he can't right the ship, then he should step aside.

Licensing regulations vary by jurisdiction and managing compliance can be a complex issue.

Capco predicts a greater emphasis on collaboration between insurers and the DOI to ensure ongoing coverage for policyholders as the DOI will take on additional governance and responsibilities when partnering with insurers to protect insured individuals.

Insurers can help companies to develop risk management plans, conduct compliance audits, and provide training on relevant regulations.

Insurers are improving their sustainability and creating more resilient communities.

Climate change is driving an increasing reliance on electric vehicles and the means to charge them.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

The first step: every agency needs a disaster plan which outlines a course of action if an event occurs. Owners should identify the most likely disasters and determine key steps to take. Will employees evacuate or stay put? How will they communicate with customers? How can they begin working again?

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

Businesses need to rethink their approaches to insurance cost reduction.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.

The insurance industry is proactively providing education and information to victims of domestic abuse.

Supplemental options can set employees up to deal with expensive and unexpected issues.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

Employee data holds great potential for maximizing the value of employee benefit programs.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.

As the insurance industry undergoes digital transformation, it has a unique opportunity to integrate diversity, equity and inclusion into its structure.

Software can pull attributes out of a claim file to provide claims professionals with a risk assessment score for the likelihood that the claim file could go nuclear.

Insurtechs able to optimize the explosion of better data to accurately model and price risk, will become a vital link in the fight against climate change.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

It is essential to keep in mind several regulatory considerations regarding data, cybersecurity, fairness and inclusion to stay ahead of the evolving supervisory and regulatory trends.

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

The path to more effective hurricane preparedness lies in proactive planning, automation, and the efficient utilization of data and analytics.

Three steps to set the stage for easier connectivity to the tech platforms that agents can use to quote commercial insurance.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

The convergence of more frequent weather events that affect more people plus higher customer expectations make now a great time to get ready to communicate with the masses.

Insurers' tech strategies have expanded but enterprise-level policy administration systems remain a vital backbone.

Application programming interfaces act as intermediaries between back-end systems and technologies.

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

Climate change presents uncertainty for insurance companies but also creates opportunities for technological innovation

As the rest of the world becomes increasingly connected, consumers expect all aspects of their lives to be on-demand and seamlessly integrated into digital platforms.

A new research report from ReSource Pro examines how insurance tech vendors' strategies are evolving in the competitive labor market.

Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.