California Department of Insurance orders demanding that insurers refund policyholders affected by COVID-19 shutdowns may not be as draconian as they first seem. Intelligent Insurer investigates.
Insurers are at a crossroads as AI drives industry evolution. Richard Hartley, CEO of insurtech Cytora, outlines the areas to watch as things progress.
Considering new ideas and products may not always seem like a priority in times of crisis, but, says Fernando Villar COO EMEA at Swiss Re, this is precisely the time when innovation and partnerships can make a real difference.
From its inception, cyber underwriting has faced difficult challenges including a limited amount of historical data. Now, partly driven by the global pandemic, an increase in cyber threat levels and demand for protection could represent a prime opportunity for a rethink. Jack Kudale, Cowbell Cyber founder and CEO, highlights key things to consider in such a change.
AI offers the opportunity to boost the skills and value of underwriters as it ‘rides sidecar’ to people, providing on the job learning, says Richard Hartley, CEO of insurtech Cytora.
Analysts at Moody’s Investors Service examine what a post-lockdown ‘new-normal’ world will look like for insurers.
New technology tools provide the route to improve valuations but the truly successful carriers will also use them across many areas of their portfolios to help identify the many small risks as well as the more obvious problems, says Todd Rissel, chief executive officer of Stamford, Connecticut-based insurtech e2Value.
AI has come of age as the technology ensures a more accurate view of risk and can help insurers win more valuable business, says Richard Hartley, CEO of insurtech Cytora.
Digital colleagues are already working alongside humans taking on admin and allowing people to do more value-added work. Ahead of the Intelligent Insurer webinar ‘Intelligent Automation - Transform Inefficient Operations’, panellist Hugh Pelling from Blue Prism Cloud shares his inside take on the trends to watch.
The insurance industry is growing rapidly in Asia, and more capacity will be needed to keep up with demand. Alternative capital sources such as ILS will be vital to meet that demand, and in acquiring Lutece, Peak Re has positioned itself to lead this trend, says Peak Re’s Franz Josef Hahn.