The insurance industry’s embrace of AI calls for a governance framework to assist regulators, guide insurers, and inform consumers. The National Association of Insurance Commissioners’ Big Data and ...

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a "snowball effect" ...

New research from Evident reveals that AI rollouts by insurers are most common in claims management, underwriting and ...

Insurers took a stock price hit from the advent of AI-based insurance apps, but that won't be the final outcome, according to ...

McKinsey & Company, a management consulting firm, argues that artificial intelligence (AI) represents one of the most significant opportunities for ...

The rise of artificial intelligence brings the prospect of huge productivity gains for the insurance industry, as well as ...

As people interact more with AI, new risks such as AI hallucinations and model drift are emerging. Recognizing the problem, insurance companies are announcing new policies that cover such risks .

AI could contribute up to $1.1 trillion annually to the global insurance industry. Of this, $300 billion is expected to come from AI-powered customer service and product personalization. That ...

Artificial intelligence is fueling a technological arms race between US hospitals and insurers over medical billing and reimbursements. Hospitals use AI to document procedures for higher payments, ...

OneShield Expands AI Hub Platform with Specialty Insurance Provider, Reinforcing AI-Native Strategy for the Insurance Industry.

EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Patra, a leading provider of technology-enabled insurance outsourcing and software services, today announced the launch of Patra AI, a suite of AI-powered ...

AI, a revolutionary force, is poised to transform industries, including insurance. But not all AI claims in the insurance sector stand up to scrutiny. Insurers and insurtechs are increasingly touting ...