AI is a top priority but preparedness lags for insurers
Artificial intelligence tops insurance executives’ priorities, with over 50% citing it as a key focus. However, challenges remain in AI preparedness and workforce reskilling.
Artificial intelligence tops insurance executives’ priorities, with over 50% citing it as a key focus. However, challenges remain in AI preparedness and workforce reskilling.
Just about every weather peril is up in 2024.
Corebridge Financial recently released a study that examines consumer knowledge on life insurance and its role in long-term planning.
Why personalizing communication, building trust and offering 24/7 support will be crucial for the industry to attract Gen Z consumers.
Life insurers can only maintain policyholder’ trust if holistic cybersecurity solutions are put in place.
AI provides insurers with many opportunities to streamline operations and help them set reserves for workers’ comp claims.
Online information creates new opportunities to identify fraud while fraudsters use technology to challenge claims workflows.
Harnessing technology in the right way can be a competitive advantage for carriers as the pace of change accelerates.
The digitalization of the insurance industry goes even further than just reducing wait times and eliminating extraneous processes.
The integration of technology into microinsurance is driving significant advancements from AI-powered claims processing and blockchain-enabled payouts to digital education platforms.