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Leveraging AI to accelerate decarbonisation in insurance
In 2024 the FCA’s new rule to combat greenwashing came into effect. The rise of AI presents an interesting opportunity to accelerate efforts towards decarbonisation. This article examines how artificial intelligence could help insurers achieve their Net Zero goals.
Almost half of UK commercial properties underinsured – Gallagher
Research from Gallagher has found that more than four in 10 (46%) commercial properties are underinsured, with the average shortfall being 40%. The broker flagged the gap was being caused by factors including a 36% rise in the cost of materials since 2020 and labour costs increasing 7% in the last…
Insuring property damage caused by cyber attacks
As clients in heavy industry and manufacturing look to insurance to cover property damage that occurs due to cyber-attacks, this article explores the risks at the intersection of cyberspace and the physical world plus what options for cover exist for businesses facing fires, floods and explosions.
The future of embedded insurance: Integrating digital strategies
Embedded insurance is when insurance coverage is seamlessly integrated into the purchase of a product or service. This blog highlights how insurers can unlock the potential of embedded insurance to open up new distribution channels and opportunities for growth.
AI at intersection of insurance and behavioural science
When one thinks about AI in the context of insurance, the combination of human, experience based decision making aligned to the maximum amount of objective intelligence becomes irresistible. This article highlights how AI can help human insurers avoid cognitive overload and achieve something mighty.
Blog: Brokers don’t need to fear artificial intelligence but should consider embracing its benefits
While exploring new technologies – from Gen AI to machine learning – might not be top of many brokers’ to-do lists, their benefits should not be understated. Open GI’s director of brokers and MGAs, Nick Giddings, explains how these tools could free them up to focus on servicing customers and growth.
Roundtable: Staying ahead of insurance fraud
At a recent roundtable discussion, hosted by Insurance Post in association with LexisNexis Risk Solutions, an expert panel discussed the trends insurers are seeing around fraud, and the solutions firms are deploying to keep up with the increasingly sophisticated criminal activity.
Insurtech collaboration set to transform the claims ecosystem
This article sheds light on how the insurance claims sector is in the midst of a mini revolution as specialist insurtech providers look to work together, embrace collaboration and accelerate the adoption of a smart insurance claims ecosystem.
Where AI in insurance is going, we won’t need roadmaps
This article sheds light on why insurers’ chief technology officers have swiftly shifted from working on their roadmaps to having science fiction-like aspirations for the future rollout of generative artificial intelligence.
Digital Bar Quarterly: Could AI help deliver “out of the insurance world customer experience”?
This article explores why insurance companies need to get out of the digital innovation slow lane and look beyond incremental change if they are to reap the full benefits of AI.