Few industries remain untouched by artificial intelligence, and insurance is no exception. 29% of insurers globally already use AI—a figure expected to rise ...

Dawn Miller, Chief Commercial Officer at Lloyd’s and CEO of Lloyd’s Americas, has outlined for BestWire a growing divide between the insurance industry’s public perception and its real-world influence ...

Canada’s climate risk strategy spans planning, legislation, financial regulation, federal operations and international engagement ...

Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims ...

U.S. automobile liability direct premiums written increased 12% to $256.6 bn, with top-ranked Progressive Insurance Group posting a 21% rise to $44.1 bn ...

The unpredictability of such events may also lead insurers to withdraw from high-risk areas. Low awareness of risks and reliance on government disaster aid further suppress insurance adoption among ...

The insurance industry, long perceived as traditional and often bogged down by complex paperwork and delayed claims, is on the cusp of a transformative revolution. This change is being driven by ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...

Zurich Insurance Group announced its acquisition of BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech ...

As electric vehicles (EVs) gain popularity, the insurance industry is also adapting to meet the unique requirements of eco-conscious drivers. Standard auto insurance policies do not adequately address ...

U.S. life insurers have used reinsurance to reduce exposure to long-term care (LTC) insurance. The transactions strengthen balance sheets, improve capital efficiency ...

Insurtech platform Empathy has raised $72 mn in a Series C funding round led by Adams Street Partners, with additional participation from General Catalyst, Index Ventures, Entrée Capital, Brewer Lane ...