Browsing: insurers

Nvidia (NASDAQ:NVDA) has held discussions with insurance companies about potential structures to transfer part of the financing risk associated with its chips as the company seeks to expand demand for artificial intelligence infrastructure beyond major technology groups, the Financial Times reported.

Meta Platforms (META, Financials) is highlighting the possible effects of agentic AI on financial services, as its Muse assistant is gaining acceptance among consumers.

Revolut’s paperwork breach shows why insurers are rethinking what counts as a ‘cyber attack’ | Insurance Business

Verisk introduces a unified, modular platform to help insurers tackle increasingly complex and interconnected fraud activity.

The rating engine, long the preserve of actuaries, is becoming a strategic tool for a much wider group of insurance teams. Marketing, innovation and product functions are increasingly looking to pricing technology to launch offers faster, adapt campaigns and respond to changing customer expectations.

A licensed carrier just began writing new business through a platform it doesn’t own, doesn’t fully control, and can’t govern the way it governs its own website, and the industry still hasn’t worked out what that means for the agent who used to own that customer relationship.

How much does your insurer really know about you? It could be more than just what’s on your application form for the policy.

Insurance carriers, MGAs and agencies have spent years investing in technology to modernise distribution management, with the focus largely on automating producer onboarding, simplifying licensing and appointments, maintaining compliance and processing transactions more efficiently. But as these systems mature, a bigger opportunity is emerging. The data generated through distribution could become a strategic asset, helping…

Commercial insurers who don’t build their own AI tools will fall behind | Insurance Business

Zocks, an AI assistant for financial advisors, is expanding into the life insurance market with automation tools designed to streamline documentation, underwriting and client management.