Viewpoints
Viewpoint: Generative AI in Insurance Isn’t Working
The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in ...
CEO Viewpoint: Leveraging AI to Combat Social Inflation in P/C Insurance
Social inflation is an ever-present concern in the property/casualty insurance industry, putting pressure on their reserve levels and overall financial stability. According to research from Swiss Re ...
How to Outperform: Don’t Outsource Underwriting; Manage Cycles
Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their ...
CEO Viewpoints: On Michigan, California and Litigation ‘Leeches’
"Michigan—not so great." The easy-to-overlook observation about insurance risk, delivered by Elizabeth Heck, chief executive officer of Greater New York Insurance Companies, during a panel ...
Viewpoint: Risks for D&O Insurers Exploring the New Frontier of Gen AI
Is the world being overtaken by robots? While the answer to that question is clearly "no" — or at least, "not yet" — it seems that the focus of nearly every industry and business media outlet is ...
AI-Powered Insurance Product Development Is Going to Take Some Powering Through
No doubt, AI is a hot topic in the insurance world these days. It brings so many possibilities to make us more effective and efficient.
CEO Viewpoint: Predict and Prevent Just Makes Economic Sense
Last year, U.S. P/C insurers incurred a $21.2 billion net underwriting loss, only slightly improved from a $24.9 billion underwriting loss recorded in 2022. Roughly $65 ...
The Golden Triangle of Technology
Three technologies are having a profound impact on how insurance can help manage and mitigate risk:
Internet of Things (IoT) technology is supplying large amounts of ...
Why Do I Need a Lawyer? I Was Just Out for a Walk
During a recent webinar, an insurance company representative imagined the thought process of potential plaintiffs who might consider calling a lawyer.