Apr 27, 2024 View in Browser

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Insurtech Insider

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A Message From the Editor

Stephen Hawking once said, "[AI] would be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks." In this week's Insurtech Insider, we explore how artificial intelligence simultaneously improves the P&C insurance industry while creating the perfect environment for fraud to flourish. We dive into how employees are jeopardizing cybersecurity in favor of increased productivity and discuss new AI guidelines in Pennsylvania.

– Ashley Hattle-Cleminshaw, Senior Editor

 

News

Uber app launches automated safety features to lower assault rates

By Ashley Hattle-Cleminshaw

Uber continues tightening safety measures to bolster faith among female passengers. Read More

 

Market Insights

'Funflation' and the need for innovative ticketing-protection solutions

By Darcy Rittinger

Higher costs for live events coupled with risk-averse consumers mean ticketing platforms are eager for insurance partners. Read More

 

News

Ransomware group leaks stolen Change Healthcare patient data

By Alan Goforth

Hackers followed through on threats to share sensitive stolen records despite being paid millions. Read More

 

News

Who's using what in P&C insurance: April 22, 2024

By PC360 Staff Writer

Insurance technology news from Mulberri, Matic, Struction Solutions and more. Read More

 

Slideshow

5 cyberthreats to watch in 2024

By Ashley Hattle-Cleminshaw

The 2024 Cybersecurity Benchmarking Survey shows top cyber concerns for insurers and policyholders. Read More

 

Market Insights

Insurers and policyholders at odds over AI in underwriting, claims

By Ashley Hattle-Cleminshaw

Data from Insurity's 2024 AI in Insurance Report show consumers are against AI in underwriting and claims management. Read More

 

Market Insights

Legacy tech is holding insurers back from innovation, says report

By Michael Popke

Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution. Read More

 

Commentary

Automated, intelligent monitoring takes insurance to new heights

By Reuven Shnaps, Ph.D.

An Earnix survey reveals that most insurance leaders plan to use machine learning in pricing and underwriting. Read More

 

News

Fitch: Cyber insurance profits strong, premiums slow

By PC360 Staff Writer

Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage. Read More

 

Research

Employees embrace AI efficiencies, look past cybersecurity concerns

By Joel Kranc

A new study underscores the idea that many workers continue to use unsecure personal devices for their jobs. Read More

 

Infographic

Injured workers' most common questions about the claims process

By Steve Hallo

Many claims pain points stem from ineffective communications and a failure to cut through the complexity of the claims... Read More

 

Commentary

Altria class action spotlights AI fraud and mitigation

By Bryan Heller

This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence. Read More

Resources

The Ultimate Guide to SMS/Text Messaging Compliance

Sponsored by: gryphon.ai

This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties. Learn More

WEBCAST DATE: April 25, 2024

"Salvaging" Every Opportunity for Subrogation Recovery

Join us for an insightful webinar delving into the pivotal role of salvage pricing on auto subrogation recovery. Our panel of subrogation experts will discuss new data and recent trends, shedding light on the profound impact of salvage costs on insurance claims, and sharing perspectives, predictions, and recommendations for claims professionals to address common pain points and improve subrogation performance. Learn More

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