AI AND INSURTECH
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NewsInsurers embrace AI for data ingestion, but lack of strategy risks slowing progress, hyperexponential warns
Shadow AI is on the rise among insurance employees, a study warns, with 90% of respondents reporting they use AI tools not formally introduced by their employer.
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NewsEurope’s MGA market rises as tech-driven growth channel, says Howden Re
European managing general agents (MGAs) are emerging as a high-growth, technology-enabled force in the global insurance distribution landscape, according to a new report by reinsurance broker Howden Re.
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NewsSRCC losses could top $20bn in Lloyd’s US quake scenario, Synthetik Modelling warns
A new modelling analysis of a Lloyd’s extreme disaster scenario has revealed potential insured losses from follow-on civil unrest could exceed $20bn, with mid-sized cities and overlooked exposures posing unexpected threats to re/insurers.
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NewsCyber now the top reputational risk for global firms, WTW report finds
Corporate risk strategists increasingly view reputation as a tangible financial risk, as new WTW survey shows cyber-attacks overtaking ESG as the leading concern.
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NewsOpen-Source Risk Modelling: Unlocking Global Access to Resilience
Open modelling is about more than individual loss events, it’s about global capacity building and risk understanding, writes Dickie Whitaker, CEO, Oasis Loss Modelling Framework.
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NewsMcGavick joins mea board as chairman and strategic advisor
Re/insurance industry veteran leader and former XL chief executive to support AI platform’s insurance market growth push.
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NewsHarnessing intelligent use of data to revolutionize claims processing
By properly harnessing data, insurers can supercharge efficiency, cut costs, and enhance the customer experience, writes Darren King, vice president, claims, EMEA & APAC, Xceedance.
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NewsDWIC 2025: Cyber insurance gains traction in the GCC
As cyber threats intensify across the Gulf, businesses face a growing protection gap—with few insured against the true scale of risk. At DWIC, Zurich’s Peter Englund and Clyde & Co’s Olivia Darlington explored how regulation, rising incident costs and evolving insurance products are reshaping the region’s cyber risk landscape.
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NewsDavies opens Qatar office to grow Middle East footprint
Ricky Maloney, who serves as Qatar country executive and head of the GCC region, will lead the office.
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NewsDigital Transformation: A Middle Eastern Opportunity – Verisk
Verisk’s Tim Rayner spoke to GR on challenges of navigating technological changes in a complex marketplace, and opportunities in the UAE and Saudi Arabia.
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NewsDavies promotes Patel to North American CEO
Insurance services firm Davies said technology was expanding its North American arm, focused on claims administration and risk management services.
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NewsLatAm ends 2024 with 502 insurtechs, despite challenges – MAPFRE
Insurtech funding in LatAm reached $92m last year, down 38% on the previous year, but the second half also saw a 156% rebound compared with the first half of 2024.
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NewsAI Act: Europe’s bid for trustworthy AI development and global leadership – Earnix
AI systems must be transparent, free from bias, and easily explainable, writes Robin Gilthorpe, CEO of Earnix.
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NewsGearing up for AI: Best practices of data management – Xceedance
Brandon Nuttall, chief digital and AI officer at Xceedance, explains why data management is essential if insurance innovators want to supercharge their businesses.
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NewsDavies appoints Button as deputy CEO
New deputy CEO was previously North American boss and M&A director; the insurance services firm also outlined a “Vision-2030” strategy.
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NewsClimate, technology and geopolitics lead 2025 risks – Beazley CEO
Three overarching key risk areas emerged from Beazley’s ‘Risk & Resilience Predictions for 2025’, the re/insurer’s CEO, Adrian Cox revealed.
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NewsZywave: How AI is changing the insurance industry’s reputation
Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave.
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NewsEight tips to avoid a data migration migraine – Xceedance
In an era where data is pivotal, effective data migration is critical for insurance companies aiming to stay competitive. Jarno Seegers, vice president, business development at Xceedance, looks at the intricacies of data migration and offers eight top tips to deliver migration projects.
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NewsTwo-thirds of insurers plan to implement AI predictive models within two years – Earnix
The technology firm surveyed more than 400 global insurance executives to uncover technology and artificial intelligence (AI) trends, revealing that replacing legacy systems remains a significant challenge.
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NewsSaudi Vision 2030 & GHE 2024: where the tech revolution and health re/insurance meet
Editor of GR, David Benyon, reflects on health technology trends for re/insuring the sector, from a recent trip to Saudi Arabia, attending GHE 2024.
