Understanding costs, impacts, and the future ofriskmodeling - Property Casualty 360
Business email compromise scams, now accelerated byAI-generated phishing schemes, have led to fraudulent transactions worth hundreds of thousands or …
PropertyCasualty360 41
Covers: Banking & FinanceCybersecurityEnergy & EnvironmentLegal & CourtsChatbots & LLMsAI Agents & AutomationMarkets & InvestmentAI Safety & Existential RiskGovernance & Risk ManagementRegulation & Policy
Delaware Adopts NAIC's Use ofAISystems by Insurers
Property Casualty 360The bulletin outlines a series of general guidelines for AIS programs that includes addressing governance,riskmanagement controls, audit functions, …
6 Commercial insurance trends for 2025 - Property Casualty 360
AI'simpact on professional liability, E&O · Elevated reconstruction costs · Alternativerisksolutions in high demand · Wildfirerisksunder pressure …
6Risksto watch in 2025 - Property Casualty 360
Artificial intelligenceand climate change are top of mind as the insurance industry heads into 2025.AI continues to create both opportunities …
Climate change, geopolitical instability seen as toprisks
Property Casualty360“AI can be ariskin itself. You can think about how it can displace jobs. It can pose even an existential threat to mankind to some extent. But it …
China & GeopoliticsEnergy & EnvironmentAI Safety & Existential RiskJobs & the Economy
NY releases industry guidance onAI-related cybersecurityrisks- Property Casualty360
The letter highlights some of the major cybersecuritythreatsdiscovered includingriskscaused by bad actors using AI …
NY releases industry guidance onAI-related cybersecurityrisks
The letter highlights some of the major cybersecuritythreatsdiscovered, includingriskscaused by bad actors using AI …
New York - Industry Guidance onAI-Related Cybersecurity Risks
The letter highlights some of the major cybersecuritythreatsdiscovered, includingriskscaused by bad actors using AI anddangerscaused by an …
AI'suntapped potential in front-end insurance processes - Property Casualty 360
In a time marked by high policyholder churn and a growing insurance-talent crisis,AI can help ...Risksof TCPA and DNC Violations and How to Prevent …
AI'demystified' at Applied Net 2024 in Nashville - Property Casualty 360
Don't let legalrisksor communication breakdowns cost you. This white paper offers practical tips and expert advice to help insurance adjusters craft …
Setting guardrails for AI use in P&C insurance - Property Casualty 360
These discussions centered on issues that could present uniquerisksto consumers, such as the potential for inaccuracies, unfair discrimination, data …
Only trusted tech partnerships can hasten insurance AI innovation - Property Casualty 360
Insurtechs must spearhead honest discussions about therisksof delaying Gen AI adoption …
Michigan reminds insurers using AI to comply with law - Property Casualty 360
"However,AI, includingAISystems, can present uniquerisksto consumers, including the potential for inaccuracy, unfair discrimination, data …
AI integration propels insurtech sector despite funding slump - Property Casualty 360
For carriers, these technologies streamline operations, enhanceriskmanagement, and reduce operational costs. Scott Ham. Consumers will benefit from …
The cost of building AI: Why partnering is the better choice - Property Casualty 360
But there are substantialrisks, several of which are unique to the AI domain. Related:AI integration propels insurtech sector despite funding slump …
How autonomous AI can expedite commercial-insurance underwriting
Property Casualty 360No. 3: Quickly scale newrisks.AI assistants can shorten therisk-assessment lifecycle. Insurance organizations typically have a standard set of …
Vertafore: 6 ways ChatGPT is being used in insurance - Property Casualty 360
"As the insurance sector navigates the complexities of AI," Maryland Insurance Commissioner Kathleen A. Birrane said in a prepared statement, "the …
Cyber expert talks state ofriskto the insurance industry
Property Casualty 360Despite AI'spotential to customize insurance policies based on a ... She works with clients to identify and understand their cyberriskexposure, while …
Swiss Re ranks current, future AI threatsto industry
Property Casualty 360...AI risksaccumulate unseen within insurers' portfolios." The study measure's each industry's AI riskby looking at six specific threats that …
Big "I" launches AI marketing toolkit for independent agents - Property Casualty 360
AI ethics and best practices: How to ensure that AI systems are used responsibly in order to mitigaterisk. "Given the pace of AI, many may be feeling …
Top cybersecurity concerns for insurers in 2024 - Property Casualty 360
Insurance carriers are battling old cyberthreatsat the same time that 'adversarial AI' deepens therisk, Datos Insights reports …
Report: Today'sriskmanagers exhibit overconfidence - Property Casualty 360
Researchers also acknowledged a lack of cybersecurity awareness around AI, or more specifically, the "rogue" implementation of the tech. "There is a …
How AI can support the insurance hurricane response - Property Casualty 360
In advance of an event,AI provides accurate local and granular assessments ofriskfor properties applying for insurance coverage and so allows …
Verifying AI content is integral to protecting insurers against liabilities - Property Casualty 360
AI risksexposing insurance companies to various types of legal complications without proper oversight and review. Accordingly, companies must retain …
Altria class action spotlights AI fraud and mitigation | Property Casualty360
In a 2018 lawsuit, plaintiffs accused Juul of deceptive marketing regarding the addictiveness and healthrisksof their e-cigarettes and nicotine pods …
White House urges responsible, transparent AI use - Property Casualty360
“When these agencies use AI, they have a distinct responsibility to manage itsrisks, and the public deserves confidence that the federal government …
Integrating AI with marketing efforts to increase leads | Property Casualty360
Saleswhale is a Software-as-a-service (SaaS) program that uses AI to find and reach out to neglected leads to convert them into sales by sending …
Futureproofing for insurers: The power of AI and hyper-personalization
AI algorithms analyze vast amounts of data to generate personalizedriskprofiles for each customer. These profiles enable insurers to accurately …
AI agents may improve underwriting process, close talent gaps | Property Casualty360
The technology can complete various tasks that could revolutionize the underwriting workflow, from generating accurate responses forriskquality …
Insureds with AI experience more likely to embrace it, report says | Property Casualty360
P&C insurers have embraced AI, incorporating the system into claims processing, fraud detection, personalizedriskassessment and AI chatbots to …