AI & Automation

Will Patrick Tiernan Transform Lloyd's of London?
AI & Automation Will Patrick Tiernan Transform Lloyd's of London?

Simon Glairy is a prominent figure in the world of insurance and Insurtech, known for his deep expertise in risk management and AI-driven risk assessment. With a significant focus on advancing the insurance industry into the digital age, Simon brings a unique perspective on how technology can

Are Financial Advisors Ready for Stricter Regulatory Fines?
AI & Automation Are Financial Advisors Ready for Stricter Regulatory Fines?

Within the dynamic realm of Canadian finance, advisors are facing increasingly stringent regulatory challenges as regulatory bodies tighten their oversight. As the financial landscape evolves, so does the nature of regulatory scrutiny, with advisors required to meticulously adhere to rigorous

Lloyd’s Introduces Insurance for AI Chatbot Errors
AI & Automation Lloyd’s Introduces Insurance for AI Chatbot Errors

AI's rapid integration into customer service environments has prompted companies to rethink traditional risk management strategies. Recognizing the unique challenges posed by these technologies, Lloyd’s of London has launched a groundbreaking insurance initiative aimed at AI chatbot errors and

Is AI Liability Insurance the Future of Technology Safety?
AI & Automation Is AI Liability Insurance the Future of Technology Safety?

The emergence of AI liability insurance marks a significant turning point in managing the complex risks associated with deploying artificial intelligence systems across various sectors. As machines increasingly make autonomous decisions that could lead to unforeseen consequences, companies are

Why Balance Automation with Human Touch in Claims Reserving?
AI & Automation Why Balance Automation with Human Touch in Claims Reserving?

Insurance claims reserving is a crucial aspect of the industry where precision and foresight dictate its effectiveness in predicting future liabilities. Actuaries, skilled at utilizing historical data and statistical models, have traditionally played a pivotal role in this process. However, as

How Are Companies Adapting to New SEC Cyber Rules?
AI & Automation How Are Companies Adapting to New SEC Cyber Rules?

As public companies handle the ever-shifting landscape of cybersecurity threats, they face growing scrutiny from the Securities and Exchange Commission (SEC) regarding their disclosures. Since the SEC introduced more stringent rules concerning cyber incidents in 2023, companies have been required

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