What last year’s explosion means for the future of policy
Fifty-eight percent of life insurers are either using or have an interest in using artificial intelligence in their businesses, an NAIC working group found.
Executives, underwriters, sales leaders, and actuaries are eager to take their underwriting systems to the next level but may face challenges as they explore automated underwriting options. Find out the facts about how a custom AU solution is implemented and scaled with minimal disruption to your organization and team.
Gen Re is pleased to share this summary of key highlights from the U.S. 2023 Individual Life Accelerated Underwriting Survey.
Colorado Division of Insurance proposes first-of-its kind regulation requiring life insurers to test their underwriting process for racial and ethnic bias.
It's on a mission to make underwriting more inclusive
Generative artificial intelligence (GenAI) has the potential to revolutionize the insurance industry. While many insurers have moved quickly to use the technology to automate tasks, personalize products and services, and generate new insights, further adoption has become a competitive imperative.
For insurers, digitization continues to evolve, providing greater functionalities, analytical capabilities, and more. In this article, Dr. Dhiraj Goud discusses the many new tools now available to the industry, their benefits, and their challenges.
The Geneva Association recently published a comprehensive report on the use and regulation of AI in the insurance industry. AI is a key part of the digital transformation of insurance, the report says, and its associated risks are already familiar to insurers.
The Colorado Division of Insurance has approved a closely watched regulation that could affect how life insurers use outside vendors’ artificial intelligence systems, and any other outside sources of data or analytical technology, in life insurance underwriting.