News
The real AI battleground in broking isn’t client-facing
9+ hour, 38+ min ago (319+ words) When the first ChatGPT-integrated broker app made headlines, talk of disintermediation resurfaced almost immediately. If AI can match risks, surface policy options and draft responses, what happens to the advisory role? At least one industry professional dismissed the reaction as…...
Artificial Intelligence insurance premiums to hit US$4.8 billion within 7 years
6+ mon, 1+ week ago (637+ words) As artificial intelligence embeds itself deeper into the fabric of modern life, industries from healthcare to transportation are reconfiguring how they operate. But as machines take on tasks once reserved for humans-driving, diagnosing, even writing-the risk landscape is shifting dramatically,…...
How one E&S insurer is tackling California's wildfire risk with machine learning
7+ mon, 1+ week ago (543+ words) As insurers pull back from California's fire-prone regions, one MGA writing excess and surplus (E&S) business is taking a different approach. Delos Insurance is underwriting property coverage using a wildfire risk model developed in partnership with the Spatial Informatics Group,…...