AI Risk Evaluation

How Can Brokers Leverage AI in Insurance Successfully?
AI & Automation How Can Brokers Leverage AI in Insurance Successfully?

Simon Glairy stands at the forefront of insurance innovation, blending the realms of risk management with cutting-edge AI technologies. As an expert in the field, Simon sheds light on the latest BIBA guide, designed to help insurance brokers navigate the complex world of AI. The guide arrives at a

Canadian Farm Insurance Sector Faces Capacity and Cost Challenges
AI & Automation Canadian Farm Insurance Sector Faces Capacity and Cost Challenges

Canadian agricultural insurance currently grapples with a multifaceted crisis marked by capacity constraints, escalating costs, and evolving farm landscapes. These challenges render the traditional insurance model increasingly inadequate, prompting an urgent need for systemic reform and innovative

Marine Insurers Shun U.S., U.K., Israel Amid Middle East Tensions
AI & Automation Marine Insurers Shun U.S., U.K., Israel Amid Middle East Tensions

Rising insurance premiums and geopolitical uncertainties are reshaping the maritime industry, with insurers cautious about covering vessels linked to the U.S., U.K., and Israel in Middle Eastern waters. As global shipping faces new challenges, understanding these dynamics offers keen insight into

Insurtech Funding Surges with Focus on Tech and Climate Risks
Startups & Investments Insurtech Funding Surges with Focus on Tech and Climate Risks

In recent months, there has been a noticeable surge in insurtech funding, drawing attention from various industry stakeholders. As climate risks loom larger and technological advancement becomes critical, insurtech companies are receiving substantial investments to address these challenges. This

Growth and Challenges in Global Construction Insurance Market
Data Analytics Growth and Challenges in Global Construction Insurance Market

What factors make modern construction projects increasingly complex in terms of insurance needs, and how is the industry adapting to these challenges? In recent years, natural disasters have significantly impacted construction globally, with events in 2024 alone causing over $368 billion in

Are Construction Firms Underestimating Insurance Risks?
AI & Automation Are Construction Firms Underestimating Insurance Risks?

It is increasingly evident that construction firms are encountering significant challenges in properly assessing their insurance needs, leading to a troubling disconnect between expected coverage and real-world risks. This scenario often results from a simplistic, transactional approach prioritized

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