BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a "snowball effect" ...

AI could contribute up to $1.1 trillion annually to the global insurance industry. Of this, $300 billion is expected to come from AI-powered customer service and product personalization. That ...

Insurers took a stock price hit from the advent of AI-based insurance apps, but that won't be the final outcome, according to expert observers.

New research from Evident reveals that AI rollouts by insurers are most common in claims management, underwriting and ...

OneShield Expands AI Hub Platform with Specialty Insurance Provider, Reinforcing AI-Native Strategy for the Insurance Industry.

Sprout.ai is an artificial intelligence company aiming to transform the insurance industry by automating claims processing. Its advanced AI-powered platform enables insurers to make faster, more ...

As AI rewires service, claims and underwriting, the edge may go to women who turn automation into better judgement ...

The global insurance sector has seen an 87% year-on-year increase in artificial intelligence deployments, according to research by Evident, a London-based ...

What may emerge are distinct liability modes, where certain models operate with stricter guardrails to qualify for lower ...

As AI technologies like ChatGPT and other generative AI tools have gained prominence, our clients have started raising questions about their insurance coverage. Among the most frequently asked are: ...

The insurance industry’s embrace of AI calls for a governance framework to assist regulators, guide insurers, and inform consumers. The National Association of Insurance Commissioners’ Big Data and ...