Generative AI, Insurance Risks & Cyber Catastrophe Events
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
AI Technology
AI Technology review on Beinsure focuses on the transformative role of artificial intelligence in the insurance sector. It covers a wide range of topics, from advancements in machine learning and data analytics to the application of AI in underwriting, risk management, and claims processing. Articles in this category explore how AI is revolutionizing the insurance industry by improving operational efficiency, enhancing customer experience, and enabling more accurate decision-making.
Beinsure’s content delves into how insurers use AI to detect fraud, streamline processes, and offer personalized insurance products. The category also examines the ethical considerations, challenges, and regulatory implications associated with the rise of AI in insurance. Discussions include the impact of AI on employment in the industry and how insurers are adapting to these rapid technological changes.
Readers can find insights into the latest AI tools, software, and platforms designed specifically for insurance, along with case studies of successful AI integration. This category is essential for professionals looking to stay informed about cutting-edge AI trends and their practical applications in insurance technology.
AI Liability Directive. 8 Key Highlights and Impact on the European Insurance Market
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation
Generative AI Attracts Increased Venture Capital Funding in 2024
Venture capital funding for generative AI startups is on track to exceed 2023’s record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
How Will the EU AI Act Affect the Insurance Industry?
The EU AI Act, published by the European Commission in July 2024, introduces the first regulations on AI development and usage across sectors to protect citizens’ rights
Increasing Use of AI Technology Triggers Insurance Claims
Increasing use of artificial intelligence triggers claims across many lines of business. Insurers will need to understand of intended effects
Insurers Accelerating AI Integration in Insurance Customer Experience
Insurance companies have increasingly integrated digital processes into their customer journeys, yet the adoption of AI technologies lags behind
How Insurers Can Get Best Results from Artificial Intelligence Tools?
As the insurance market recognizes the potential of artificial intelligence, there remains uncertainty about how to effectively apply the technology to enhance customer engagement
How Will Generative AI Change the Cyber Insurance Landscape?
Major leaps in the effectiveness of Generative AI and Large Language Models have dominated the discussion around artificial intelligence
How Can AI Technology Change Insurance Claims Management?
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
TOP 10 Opportunities & Megatrends for Insurance Industry by 2030
Transformative trends are shaping the future risk landscape, creating $200+ bn of market potential for insurers by 2030. Top 10 opportunities
AI-based Insurance Claims Management Systems May Even Be Tricked
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
Global Generative AI in Insurance Market Size Worth $5,5 bn by 2032
Global Generative AI in Insurance Market size will be worth $5,5 bn by 2032 from its current size of $346.3 mn, and growing at a CAGR of 32.9%
Computer Vision AI & Data Science Potential to Create Safer Workplace
Computer vision, data science, financial incentives, technology, and societal trends has created a unique opportunity to achieve global workplace safety
How to Build AI-Driven Finance & Insurance Company?
To build an AI-driven finance organization for the future, it will require a combination of technical and business skills that many finance teams do not have today
New Trends of Cloud Services – SaaS, IaaS, PaaS, Serverless
Cloud computing services fall into 4 categories: infrastructure as a service (IaaS), platform as a service (PaaS), serverless, software as a service (SaaS)
Artificial Intelligence in Insurance. How Does AI Technology Help Insurers?
Some experts believe that artificial intelligence (AI) could completely disrupt the insurance industry as we know it. So what does the future hold for insurers?
How Life Insurers Can Leverage ChatGPT and AI in the Underwriting Process
Everyone is talking about ChatGPT and how it’s going to revolutionize almost every business sector. The life insurance industry is no exception
Wearable Technology & Fitness Devices Changes Insurance
Wearable technology like smart watches and fitness devices are changing the way insurers and insureds interact with data, but where has this revolution come from?
How AI Technology Can Help Insurers Enhance the Customer Experience?
How insurance companies can enhance the overall customer experience, streamline processes, and better assess risk with AI tools and machine learning?
AI Technology & Data Analytics Will Help Insurers Refine Insurance Market
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond companies to be more responsive
Venture capital funding in insurtech startups is stabilizing, driven by breakout-stage startups in Series B and C. Projections indicate it will reach $4.2 bn by the end of 2024
Global cyber insurance and reinsurance industry supported by solid underwriting profitability in 2023 and 2024, with expectations for this trend to continue into 2025
North American life insurer credit losses will remain benign in 2025, despite modest increases due to ongoing pressure on commercial real estate (CRE) assets
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January