AI and Technology
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NewsWhitespace US expansion reflects E&S boom – Verisk’s Gaydos
Verisk’s Greg Gaydos explained why the US excess and surplus lines are the natural next step for its Whitespace product.
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NewsEvent loss sizing as the flood waters rise – Q&A with ICEYE
As climate change and shifts in land use drive an increase in flood events, Rupert Bidwell, ICEYE’s vice president, insurance solutions, explains how satellite data can help insurers size the impact of the event, manage capital and set reserves much more quickly and effectively.
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NewsEbix announces restructuring plans after exiting Chapter 11 bankruptcy process
The US parent company for London market tech provider Ebix Europe said it is now “debt-free worldwide” and “well-positioned for the future”.
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NewsHas PPL NextGen been money well spent? Q&A with Ebix Europe’s James Pring
A Pre-Monte Carlo Q&A with Ebix Europe sales director James Pring on the status of next generation electronic placement in the London market.
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NewsCyber insurance gap amid rising AI threats – Aon
An EMEA survey underpins a new cyber report from the broker, showing insurance is in place to cover less than a fifth of corporate information assets.
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NewsHurricane damage – wind or flood and why it matters
Matthew Patience, senior client solutions manager at McKenzie Intelligence Services, writes that actionable insights are now available into insurers’ total exposure from both perils at a portfolio, policy, and property-level view, within hours and days of an event taking place.
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NewsBishop appointed Aspen’s chief data and analytics officer
Expansion of technology role following AI work and recently launched data labs.
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NewsSupercede makes $15m capital raise – interview with CEO Jerad Leigh
London-based Supercede was set up in 2019, launching its reinsurance-focused technology into the market in 2020 and 2021.
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NewsAI in insurance: a focus on fairness – Earnix
At its core, fairness in machine learning means implementing algorithms that make decisions impartially, writes Luba Orlovsky, principal researcher at Earnix, a technology firm focused on data-driven pricing.
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NewsAn arms race for data and AI – quantum leap needed
AI appears to be changing the world rapidly, but how is its adoption changing insurance? An interview with Capgemini’s Adam Denninger.
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NewsPool Re, RUSI report warns of terrorists using AI
Terrorist exploitation of artificial intelligence is at the centre of a study published by Pool Re, the UK’s government-backed public-private reinsurance backstop for terrorism risk.
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NewsDWIC24: Phinsys wins Lloyd’s Lab ‘Dragons’ Den’ insurtech competition
Five graduate startups of the Lloyd’s Lab insurtech incubator made their pitches to DWIC 2024, grilled by questions from a panel that included Vicky Carter, deputy chair of Lloyd’s.
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NewsWhen is a technology company not a technology company? – Ebix Europe
A crucial distinction arises when a company outsources critical development tasks to third-party vendors, writes Peter Smyth, vice president, Ebix Europe.
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NewsDemonstrating the value of AI to the insured will be key to its success – Cytora CEO
Cytora’s CEO Richard Hartley reflected on the re/insurance industry’s multi-faceted embrace of AI.
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NewsBeyond automation: moving to generative AI – Xceedance
The insurance industry is beginning to understand the potential of generative artificial intelligence (Gen-AI) and adopt it for certain processes, but Amit Tiwari, co-founder and president at Xceedance, thinks it’s time to move beyond basic task automation to fully harness the power of AI.
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NewsAlta Signa: CFO deepfakes highlight urgency for cyber risk mitigation
As cyber threats evolve, insurers and reinsurers should prioritise the dissemination of technical risk mitigation expertise to policyholders, writes Mauro Marongiu, Alta Signa’s technical head of cyber underwriting.
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NewsNeal issues Blueprint Two update after phase one delayed to October
Lloyd’s of London chief executive John Neal has said that phase one of Blueprint Two will be implemented when there is confidence that the technology works.
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NewsHowden Tiger appoints Chattaraj chief science officer
An internal hire, Bhaskar Chattaraj takes on the newly-created role for the reinsurance broker.
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NewsQ&A: ICEYE on the utility of satellite data for flood damage mitigation
Sponsored: Rupert Bidwell, vice president for insurance solutions at ICEYE, talks to GR’s sister title Insurance Times about the power of leveraging satellite technology
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NewsInsurtech euphoria has cooled, focus on immediate value – GAIF panel
An insurtech innovation panel debate at the GAIF34 event in Oman emphasised ways forward for insurtech, and AI in particular, to demonstrate the most value to insurance in the shortest time possible.
