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The results underscore the industry's ongoing hard market conditions.
Fewer than half of industry execs consider their companies 'advanced' in the main areas of business evolution.
Data from Insurity's 2024 AI in Insurance Report show consumers are against AI in underwriting and claims management.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
Many claims pain points stem from ineffective communications and a failure to cut through the complexity of the claims process.
A new study underscores the idea that many workers continue to use unsecure personal devices for their jobs.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
As auto thefts rise across the country, lawmakers are considering measures to stem the tides.
Insurance companies are in a unique and powerful position to influence behaviors.
The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.
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