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Tech-enabled risk mitigation improves insurance customer experiences. A recent panel talked about how to make it more mainstream.
62% of drivers think usage-based policies are fair, but some have reservations over data privacy.
Tech support and connected ecosystems may draw in more tenants and reduce burden on maintenance crews.
"Profitability in the U.S. homeowners' insurance sector has been weak in recent years."
The nationwide average cost for renters insurance is $180 annually, or about $15 per month.
AI-related insurance fraud with "shallowfakes" is up by 300%, according to Allianz UK.
Consolidation in the health care industry is among the challenges facing the medical professional liability sector.
Insurance technology news from Bold Penguin, Neptune Flood, Cytora and more.
These are the trends expected to influence commercial auto insurance in 2024.
For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.