Rising AI adoption exposes businesses to new risks: Gallagher - Reinsurance News
Adoption ofartificial intelligence(AI) is at an all-time high, with ...AI errors, or “hallucinations,” where systems generate inaccurate …
Reinsurance News 52
Covers: Banking & FinanceCybersecurityRegulation & PolicyEnergy & EnvironmentChatbots & LLMsMarkets & InvestmentGovernance & Risk ManagementHealthcarePrivacy & SurveillanceBias & Fairness
Rising AI adoption exposes businesses to newrisks: Gallagher - Reinsurance News
Adoption ofartificial intelligence(AI) is at an all-time high, with nearly two-thirds of businesses testing AI in the past year and half …
AI-powered parametric insurance platform Mythen launches for nat catrisks
Reinsurance News Insurance technology veteran Sandra DeSilva has launched Mythen, anAI-powered parametric insurance platform and reinsurer specialising in …
GFIA welcomes IAIS' call for balanced AI supervision in insurance - Reinsurance News
GFIA supports the draft's call for proportional,risk-based supervision. The industry operates within well-established regulatory frameworks, and AI …
Banking & FinanceRegulation & PolicyGovernance & Risk Management
European insurers face rising costs and regulatory challenges with AI governance: Fitch Ratings
Reinsurance News To mitigate theserisks, theAIAct requires insurers to establish comprehensiveriskmanagement frameworks. The Act adopts a tiered approach …
Banking & FinanceGovernance & Risk ManagementRegulation & Policy
Cowbell launches new unit to support US businesses againstAI-driventhreats
Reinsurance News Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has launched the Cowbell Resiliency Services (CRS) unit to …
Relm launches new insurance solutions for AI liability - Reinsurance News
Insurance solutions provider Relm has launched three Artificial Intelligence(AI) liability solutions to address emergingrisksin the AI …
Moody's to acquire geospatial AI intelligence provider CAPE Analytics - Reinsurance News
Moody's Corporation has reportedly agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial …
AI adoption in insurance grows amid rising extreme weatherrisks: Zesty AI
Reinsurance News As losses from extreme weather increase, insurers are rapidly adopting AI riskassessment models, with one in four now using AI for convective …
AXA XL introduces new cyber insurance for emerging Gen AI risks- Reinsurance News
Reinsurance News...risksassociated with developing their own GenerativeAI(Gen AI) models. Michael Colao, Global Chief Underwriting Officer, Cyber at AXA XL …
Cybersecurity and regulation identified as toprisksfor the TMT sector: WTW
Reinsurance News... startups.AI and machine learning (ML) are viewed as significant growth opportunities. As a result, concerns over cyberthreatshave intensified …
AI-powered climateriskplatform launched by Adaptive Insurance - Reinsurance News
A new parametric insurance platform, Adaptive Insurance, powered byartificial intelligence(AI) has launched with a mission to change how …
West Bend enhances underwriting with Zesty AI'sAI-poweredriskanalytics
Reinsurance News West Bend Insurance Company has expanded its partnership with Zesty AI to incorporate moreAI-poweredriskanalytics into its underwriting process …
Davies adopts Majesco's AI driven system to predictrisksefficiently - Reinsurance News
This move allows Davies to implement Majesco'sAI-driven Loss Control 360 (LC360) inspection management system, which adapts to evolvingrisktrends, …
Gen AI an exciting opportunity for re/insurers, though introspection is needed: Xceedance's Clausner
Reinsurance News Discussing some of therisks... She added, “In data analysis andriskassessment Gen AI can process vast amounts of structured and unstructured data …
AI usage heightensriskof cyber event aggregation, says Guy Carpenter
Reinsurance News The rapid adoption and evolving deployment ofartificial intelligence(AI) in recent years have heightened theriskof cyber event aggregation …
ZestyAI& Amica Mutual expand partnership in face of increasing climaterisks
Reinsurance News Zesty AI, a provider of climate and propertyriskanalytics solutions powered byartificial intelligence(AI), and Amica Mutual Insurance, …
Zesty AI launches AI model to tackle non-weather water claims - Reinsurance News
Climate and propertyriskanalytics provider Zesty AI has launched Z-WATER, anAI-powered property-specific model designed to predict the frequency …
FERMA urges Hungarian Presidency to ensure holistic approach to European competitiveness
Reinsurance News Shifting towards more detail onAI-related developments and the implementation of the EUAIAct, FERMA stressed the important function therisk …
Poll suggests AI threatswill drive the biggest cyber losses for re/insurers
Reinsurance NewsA recent poll from Reinsurance News suggests thatAI-poweredthreatswill drive the biggest losses across the cyber re/insurance market over the …
Duck Creek Technologies partners with Charlee.aito improve claims management
Reinsurance News Adding: “OurAI-driven predictive analytics enables insurers to proactively identify claims trends, assessrisksmore accurately, and optimise claims …
AI to have biggest impact inriskmodelling & analysis for re/insurers, poll suggests
Reinsurance News According to a recent poll from Reinsurance News,artificial intelligence(AI) is anticipated to have the least impact in customer service, …
Companies are facing 'polycrisis' ofrisk, reports Clyde & Co - Reinsurance News
Complicated and often contradictory global regulatoryrisksare major obstacles to corporate growth. The urgency to adopt Artificial Intelligence(AI) …
One80's new AI warranty coverage to protect enterprises against unreliable AI models
Reinsurance News“We are thrilled to partner with our brokers and clients in assessing and mitigatingAI-relatedrisksand believe that this solution will …
Vital role of re/insurance in mitigating AI risksin health sector: Swiss Re - Reinsurance News
In response to Swiss Re Institute's recent report revealing the health sector's increased vulnerability toAI-relatedthreats, Pravina Ladva, …
AI has a crucial role for underwriters despiterisks: Denninger, Capgemini
Reinsurance News In a recent interview with Reinsurance News, Adam Denninger, Global Insurance Industry Leader at Capgemini, emphasised the critical role of AI …
Origami Riskto launch new Gen AI solutions forriskmanagers - Reinsurance News
The company is launching two prototypes that aim to safely guideriskand insurance professionals through the strategic adoption of AI. At the same …
Sayata launchesAI-poweredriskengine to broaden carrier appetites while protecting loss ratios
Reinsurance News It uses sophisticatedartificial intelligence(AI) to flag specific high-riskaccounts that are expected to drive up loss ratios. With this, the …
P&C underwriters sceptical of AI despite trailblazer benefits: Capgemini - Reinsurance News
...riskslike cyberthreatsand generative AI, and regulatory complexities. In response, Adam Denninger, Global Insurance Industry Leader at …
Banking & FinanceCybersecurityRegulation & PolicyChatbots & LLMs
Almost 60% do not treat AI ethicalrisksseparately: Airmic survey - Reinsurance News
Nearly 60% of organisations are not treating ethicalrisksrelated toartificial intelligence(AI) separately from other ethical concerns, …