How reinsurance underwriters should use data, analytics and AI
The firming reinsurance market creates a significant opportunity for reinsurers to achieve faster growth.
August 26, 2022
5:47 pm
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The firming reinsurance market creates a significant opportunity for reinsurers to achieve faster growth.
Ready or not, artificial intelligence is here. Disruption from COVID-19 has increased reliance on digital technology, ramping up the speed at which data is generated.
Commercial insurance is big business. The global commercial insurance market was valued at $692.33 billion in 2020 and is projected to reach $1.6 trillion billion by 2030, according to Allied Market Research.
Artificial intelligence is becoming an increasingly important tool for commercial insurers, but ethical concerns remain.
Clara Analytics Inc. on Wednesday announced it will partner with Nationwide Mutual Insurance Co. to provide artificial intelligence technology in the commercial insurance industry for a new program aimed at improving workers compensation claims operations.
For some corporations, using an outside partner to weave new technology into their operations can take months of planning and execution.
Insurance technology brings in more innovative solutions for homeowners and insurers with artificial intelligence (AI).
Greater Than (GREAT.ST), the insurtech using AI for pricing insurance based on real-time analyses of drivers’ accident probability, has in partnership with the Tryg A/S now tailored Tryg Sidekick to include electric vehicles.
The industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change.
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital capabilities.
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