62% of insurance executives recognize artificial intelligence/machine learning technology (AI/ML) as elevating underwriting quality and reducing fraud 43% of underwriters trust and regularly accept automated recommendations from predictive analytics tools but many still have concerns around complexity and data integrity Paris (Apr. 24, 2024) – The Capgemini Research Institute’s World Property and Casualty Insurance Report... Read more » The post Insurance leaders optimistic about AI’s impact on underwriting quality and fraud reduction but underwriter confidence lags appeared first on Insurance ..read more

Cincinatti, OH (Apr. 24, 2024) – Great American Insurance Group is pleased to announce the formation of a dedicated embedded insurance team. Building upon the company’s 20 years of experience offering embedded insurance products, the new team will streamline and simplify the distribution of these offerings. This newly-formed group, led by Chris Banocy, Divisional Senior... Read more » The post Great American Insurance Group Announces the Formation of a Dedicated Team to Expand its Embedded Insurance Offerings appeared first on Insurance-Canada.ca ..read more

ildings and other structures with ICEYE’s unique flood extent and depth analysis to enable rapid, fact-based decision-making Helsinki, Finland (Apr. 25, 2024) – ICEYE, a global leader in satellite-powered disaster management solutions, is pleased to announce a new data collaboration with Juniper Re, LLC, the dynamic reinsurance broking arm and indirect subsidiary of BRP Group,... Read more » The post ICEYE and Juniper Re LLC announce multi-year flood and wildfire data collaboration appeared first on Insurance-Canada.ca ..read more

With new Drive Safe & Save™ feature, Accident Assistance has never been easier Bloomington, IL (Apr. 2, 2024) – State Farm® is pleased to announce the launch of a new Drive Safe & Save™ app Accident Assistance feature to help drivers in the immediate aftermath of a collision. Accident Assistance  State Farm, a trusted leader... Read more » The post State Farm launches innovative program to assist drivers involved in collisions appeared first on Insurance-Canada.ca ..read more

Cowbell delivers Prime Tech through an existing partnership with Obsidian, now providing customers with Technology E&O Primary coverage Pleasanton, CA (Apr. 23, 2024) – Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to introduce Prime Tech with Cowbell Co-Pilot, Cowbell’s artificial intelligence (AI) solution for efficient underwriting. Prime... Read more » The post Cowbell Introduces Prime Tech with Cowbell Co-Pilot, a Generative AI Solution to Optimize Underwriting Workflows appeared first on Insurance-Canada.ca ..read more

Arlington, VA (Apr. 9, 2024) – WTW, a leading global advisory, broking, and solutions company, is pleased to announce the launch of Engage Coach AI, a generative AI assistant that guides effective manager action. The new AI feature of the company’s employee listening platform, Engage, helps leaders and managers improve employee experience and business performance.... Read more » The post WTW’s Engage platform adds generative AI feature to improve the employee experience appeared first on Insurance-Canada.ca ..read more

Strengthen the Insurance Industry in Fighting Fraud Jersey City, NJ (Apr. 3, 2024) – Verisk, a leading global data analytics and technology provider, is pleased to announce a strategic integration with Seek Now, a leading claims inspection service provider and business intelligence solution in the residential and commercial property insurance space. This integration expands Verisk’s open... Read more » The post Verisk Announces Integration with Seek Now to Streamline Ground Truth Assessment of Homeowners Insurance Claims appeared first on Insurance-Canada.ca ..read more

Coalition 2024 Cyber Claims Report Also Reveals Increased Risks Associated with Boundary Devices like Firewalls and VPNs San Francisco, CA (Apr. 16, 2024) — Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, is pleased to announce the publication of its 2024 Cyber Claims Report, which details emerging cyber... Read more » The post Majority of Cyber Insurance Claims Originate in the Email Inbox: Coalition appeared first on Insurance-Canada.ca ..read more

Swiss Re launches an augmented version of its market-leading underwriting manual, Life Guide The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant that aims to help increase efficiency and quality of underwriting Zurich, Switzerland (Apr. 22, 2024) – Swiss Re has launched an augmented version of its Life... Read more » The post Swiss Re launches Generative AI-powered underwriting assistant Swiss Re Life Guide Scout appeared first on Insurance-Canada.ca ..read more

Deloitte and Intel are teaming to deliver AI-driven transformation, utilizing next-gen hardware and software for machine learning, deep learning and Generative AI Toronto, ON (Apr. 16, 2024) – Deloitte and Intel are pleased to announce a major expansion of their alliance to help enterprises around the world deploy their AI solutions cost efficiently with the... Read more » The post Deloitte Expands Strategic Alliance With Intel to Help Enterprises Optimize Artificial Intelligence and Generative AI Capabilities appeared first on Insurance-Canada.ca ..read more