In an ambitious move to address the escalating problem of auto insurance costs, Alberta has introduced Bill 47, also known as the Automobile Insurance Act. This landmark legislation is an attempt to tackle the rising auto insurance premiums by focusing on the critical issue of personal injury claim
The insurance industry is undergoing a revolutionary transformation with the integration of artificial intelligence (AI). The widespread adoption of AI promises to offer unprecedented efficiency and accuracy in the underwriting process, but it also raises fundamental issues that need to be
The landscape of insurance marketing is rapidly changing as traditional practices are being overshadowed by digital disruption and AI innovation. This transformative shift is driven by evolving consumer expectations, technological advancements, and mounting competition from insurtech startups. In
Amid growing concerns about the resilience of the U.S. power grid and the financial toll of power outages on businesses, Adaptive Insurance, a Texas-based firm specializing in climate resiliency, has recently announced a significant milestone. The company has secured $5 million in seed funding to
As Bermudian long-term insurers and reinsurers look ahead to 2025, maintaining strong solvency and proper reserving, along with an enhanced focus on risk management, are paramount. Suzanne Williams-Charles, CEO of Bermuda International Long Term Insurers and Reinsurers (BILTIR), emphasizes these
In a significant move to modernize its operations, Merchants Insurance Group has partnered with CLARA Analytics to integrate artificial intelligence (AI) into its claims processes. This collaboration aims to streamline claims management, improve operational efficiency, and enhance customer service.
