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
Technology
Technology is the use of scientific knowledge Artificial intelligence, Machine learning, Big Data for practical purposes or applications, whether in industry or in our everyday lives. It includes everything from the wheel to computers to medicines to zippers and buttons on clothes. Also, technology helps in making other goods that aid mankind.
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
Artificial Intelligence Promises to Revolutionize P&C Insurance Industry
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
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
Generative AI’s Impact on Cyber Threat & Insurance Landscape
Gen AI offers opportunities for both cyber attackers and defenders, poised to significantly impact the threat landscape
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
Value-Creation Potential of Artificial Intelligence in Investment
Challenges in agreeing to a definition of AI reinforce the complexity of determining exactly how managers are using and integrating capabilities
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
Future Impact of AI on Investment Market Strategy
Investment managers are bullish about Artificial Intelligence’s potential to contribute to global economic growth over the coming years
Artificial Intelligence Integration in Investment. Global Manager Survey
Questions about the effects of Artificial Intelligence are fundamental to the future of the investment management industry
Generative Artificial Intelligence Provides Great Opportunities for Insurers
Generative artificial intelligence is a great opportunities for insurers. AI considered one of the most important technological breakthroughs of the last few decades
Artificial Intelligence Becomes an Unexpected Risk for Insurance
With artificial intelligence practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years
Risk Environment for Global Mobility Sector Continues to Grow
The risk environment for the mobility sector continues to grow in its scope and complexity. Whether dealing with global supply chain issues against an geo-political backdrop
Why Insurers Go to Online Insurance, Telematics & Artificial Intelligence?
Though the stock market is still driven by enthusiasm for artificial intelligence, businesses devoted to insurtech, or the revolution of insurance through technology
Generative AI — Emerging Risks & Insurance Market Trends
As generative AI changes the way companies do business, it is creating new risks and new causes of loss that impact not only the companies themselves
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
Tech-led Value Creation to Spur Company Growth. 3 Pillars by EY
Private equity firms and their portfolio companies need to go beyond simply employing technology for reducing costs and increasing efficiencies
Data Allows Insurers to Manage Risk & Improve Insurance Underwriting
Data brings a great opportunity in the quest to manage unpredictability; it allows insurers to better manage risk and improve insurance underwriting
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
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
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine