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Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
Andreas Berger is succeeding Christian Mumenthaler, who is stepping down on July 1, 2024.
Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.
The island nation produces more than half of the world's laptops, motherboards and network devices.
Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.
Barclays estimated that insurers face claims of as much as $3 billion following the accident.
Advances in generative AI have enhanced the accuracy of synthetic data, which makes it a valuable tool.
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
A survey from Pie Insurance highlights the less visible risks keeping business owners up at night.
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
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