The insurance sector has traditionally operated on a "detect and repair" model, dealing with risks as they occur. However, with the advent of big data and AI, a significant shift is happening. Insurers are now moving toward a "predict and prevent" approach. This proactive strategy has the potential
Advancing AI Governance Strengthening International Cooperation The U.S. and the U.K. have embarked on a joint mission to guide the ethical progression of AI technology. This alliance, inspired by pledges at the Bletchley Park AI Safety Summit, aims to lead the global AI safety dialogue by
In a significant development for the legal professional liability insurance space, Boost Insurance has joined forces with Amwins Program Underwriters to create a groundbreaking strategic partnership. This collaboration aims to revolutionize the insurance experience for lawyers by merging the
Insurance underwriting is a fundamental process in the insurance industry, crucial for setting premiums that reflect the risk profile of each individual policyholder. It requires a nuanced evaluation that encompasses a range of personal and external factors to ensure the financial health of
Strategic Moves & Notable Appointments Tokio Marine Kiln (TMK) is poised to expand its influence in the Asia Pacific insurance market, highlighted by significant underwriting appointments. Jonathan Grossman, with his vast experience at Chubb and Allianz, joins TMK's Singapore office as the new
As businesses integrate Artificial Intelligence (AI) into their operations, the potential for improvement is significant. AI can enhance performance, drive innovation, and maintain a competitive edge. Yet, this rapid integration also introduces risks that must be diligently managed for AI to be
