In a landscape where financial burdens often weigh heavily on households, imagine opening a bill to find that motor and home insurance premiums have dropped yet again, bringing a sigh of relief to many. For numerous families, this scenario has become a reality in the third quarter of this year, as
I'm thrilled to sit down with Simon Glairy, a leading authority in the insurance and Insurtech space, whose expertise in risk management and AI-driven risk assessment has helped shape the industry's technological frontier. With a deep understanding of how artificial intelligence is revolutionizing
Setting the Stage for Insurance AI Transformation In an era where data drives decision-making, the insurance industry stands at a critical juncture, grappling with the staggering statistic that up to 80% of AI projects fail due to poor data quality, highlighting a pervasive challenge. How can
In the bustling world of small business ownership, general liability insurance often stands as a critical shield against unexpected financial blows, yet a staggering 90% of owners admit to lacking confidence in their understanding of this essential coverage, as revealed by a recent survey from
I'm thrilled to sit down with Simon Glairy, a distinguished expert in insurance and Insurtech, whose deep knowledge of risk management and AI-driven risk assessment offers invaluable insights into complex legal battles within the industry. Today, we’re diving into a high-profile ERISA lawsuit
Setting the Stage: The Digital Imperative in Insurance Broking The insurance broking industry is grappling with a seismic shift as digital transformation becomes a non-negotiable factor for competitiveness. Small and mid-sized brokers, in particular, face a daunting challenge: how to keep pace with
As climate change intensifies, bringing more frequent and severe natural disasters like wildfires, hailstorms, and flooding, the insurance industry faces an unprecedented challenge in managing escalating risks, while the increasing cost of these events, often reaching billions of dollars in losses,
Imagine a system designed to protect accident victims being exploited to the tune of hundreds of thousands of dollars through deceptive practices, and in Florida, a state already grappling with high insurance costs, GEICO has launched a significant lawsuit against a group of medical providers,
I'm thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech, with deep expertise in risk management and AI-driven risk assessment. With years of experience guiding insurers through technological transformations, Simon offers a unique perspective on how innovations like
Imagine a world where filing a motor insurance claim is as seamless as ordering a ride-share, where fraudulent claims are flagged in minutes, and legitimate policyholders receive payouts with unprecedented speed. This vision is becoming reality through a powerful collaboration between a leading UK
