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 ...

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

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: ...

Business owners and leaders are exploring AI not just as a tool, but as a participant in operations. These trends have ...

Insurers are rewarding organizations that use AI to strengthen their defenses, while growing more cautious with those whose AI use introduces new risks.

AI, a revolutionary force, is poised to transform industries, including insurance. But not all AI claims in the insurance sector stand up to scrutiny. Insurers and insurtechs are increasingly touting ...

Auto repair times and repair costs after an incident have surged by 49% in the last decade, outpacing the 31.7% increase observed in the Consumer Price Index during the same period. One reason for the ...

Flood Re, a state-backed insurance program, now plans to "layer up" on cat bonds, said Chief Executive Officer Perry Thomas. State Farm Mutual Automobile Insurance Co. will pay a $5 billion cash ...

The "Magnificent Seven" of artificial intelligence (AI)—Microsoft, Amazon, Apple, Nvidia, Meta, Tesla and Alphabet—are often the focal points of AI discussions due to their transformative innovations.

The new AI tool from MoneySuperMarket identifies which part of your car insurance quote could be making it expensive.