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Insurance Business

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News


insurancebusinessmag.com > us > news > technology > godfather-of-ai-joins-calls-to-slow-artificial-intelligence-589567.aspx

Godfather of AI joins calls to slow artificial intelligence

19+ hour, 29+ min ago   (465+ words) Geoffrey Hinton, the emeritus professor whose work underpins modern artificial intelligence (AI) and who is widely described as the godfather of the field, has joined the calls for AI companies to slow down, saying there is a significant risk the…...


insurancebusinessmag.com > us > news > technology > why-one-it-consultancy-thinks-ai-insurance-stays-a-niche-through-2028-589556.aspx

Why one IT consultancy thinks AI insurance stays a niche through 2028

19+ hour, 41+ min ago   (280+ words) ScienceSoft, a McKinney, Texas-based IT consulting and software development firm, has published research projecting that by 2028, 60% to 80% of new policies and renewals in errors and omissions, directors and officers, employment practices liability, and cyber insurance will factor AI risk into…...


insurancebusinessmag.com > us > news > technology > consumers-want-ai-speed-and-a-human-agent--and-most-are-not-willing-to-accept-just-one-589404.aspx

Consumers want AI speed and a human agent - and most are not willing to accept just one

3+ day, 18+ hour ago   (508+ words) A national survey commissioned by the Independent Insurance Agents & Brokers of America found that 87% of consumers said having a dedicated human insurance agent remains important even as companies accelerate AI adoption. The survey, conducted by Mfour Data Research, also found…...


insurancebusinessmag.com > us > news > technology > underwriters-say-ai-is-saving-time-not-improving-decisions-589344.aspx

Underwriters say AI is saving time, not improving decisions

4+ day, 9+ hour ago   (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...


insurancebusinessmag.com > us > news > construction > builders-risk-ends-where-brokers-face-data-center-handoff-puzzle-589346.aspx

Builders’ risk ends where? Brokers face data center handoff puzzle

4+ day, 9+ hour ago   (535+ words) Brokers working on large data center developments may need to arrange the transition from builders’ risk to operational property coverage much earlier, as phased projects blur the point at which construction ends and normal operations begin. The immediate insurance question…...


insurancebusinessmag.com > asia > news > technology > hong-kong-insurers-take-ai-closer-to-the-point-of-sale-589343.aspx

Hong Kong insurers take AI closer to the point of sale

4+ day, 1+ hour ago   (567+ words) Prudential Hong Kong is not the only major insurer in the city putting AI tools into the hands of agents and consultants. But its September 9, 2026, deployment – a chatbot that returns preliminary underwriting indications at the point of sale, before any…...


insurancebusinessmag.com > ca > news > professional-liability > digital-health-ai-adoption-is-outpacing-the-policies-covering-it-589318.aspx

Digital health AI adoption is outpacing the policies covering it

4+ day, 14+ hour ago   (329+ words) Digital health companies are integrating AI faster than the insurance market has worked out how to cover it. Beazley's 2026 Digital Health & Wellness report puts that gap at the centre of its findings. The survey of 600 executives across Europe, North America,…...


insurancebusinessmag.com > us > news > benefits > turnover-climbs-as-employers-plan-growth-on-constrained-workforces-589309.aspx

Turnover climbs as employers plan growth on constrained workforces

4+ day, 16+ hour ago   (296+ words) Nearly two-thirds of US employers reported annual turnover of 10 percent or higher in 2025, according to a new Gallagher workforce trends report. Most of those same organizations expect revenue to grow by 2027 without a proportionate increase in headcount. That gap shapes…...


insurancebusinessmag.com > uk > news > technology > only-1-in-4-insurers-are-scaling-ai-beyond-pilot-projects--accenture-589259.aspx

Only 1 in 4 insurers are scaling AI beyond pilot projects — Accenture

4+ day, 15+ hour ago   (335+ words) Most insurers are using AI to improve today's performance, but fewer than one in four are scaling it to reinvent their future business, according to new Accenture research. The report, How Insurers Drive Revenue by Deploying AI with Intent, found…...


insurancebusinessmag.com > uk > news > breaking-news > the-insurability-test-that-911-invented-is-being-run-again--this-time-on-cyber-and-ai-589166.aspx

The insurability test that 9/11 invented is being run again - this time on cyber and AI

5+ day, 8+ hour ago   (339+ words) Ask a terrorism underwriter and a cyber underwriter the same question what's the one loss that could actually break you?, and increasingly you get the same shape of answer: something that hits everyone at once, spreads faster than the policy…...