artificial intelligence

As technology continues to reshape the insurance and reinsurance industry, companies must adapt by differentiating with AI, navigating capital complexities and using it in all its forms, while reinventing distribution to meet the demands of today’s digital world, according to Frank Schepers, Global Leader ICT, and Sina Thieme, Senior Director, ICT at broker WTW.

As per a new report from reinsurance broker Gallagher Re, artificial intelligence (AI) solutions can significantly contribute to reducing the time needed to create new catastrophe bond structures, which may ultimately enhance the confidence of prospective investors in the market.

Here’s an intriguing use-case for parametric triggers within insurance for a personal lines protection policy that even a year ago you may not have thought was needed. Y Combinator backed Singularity has launched a parametric cover that protects your income in case your job is lost to artificial intelligence (AI).

Insurance technology veteran Sandra DeSilva has announced the launch of Mythen, an artificial intelligence (AI)-powered parametric insurance platform and reinsurer, based in Bermuda and Texas, that specialises in writing natural catastrophe risks.

CatX, the digital catastrophe and parametric risk exchange company, has announced the launch of its AI-powered Catamaran Parametric platform, which has been designed to streamline the complexities of parametric protection for investors.

Moody’s Corporation has agreed to acquire CAPE Analytics, a provider of geospatial AI intelligence for residential and commercial properties across the United States, Canada, and Australia.

CatX, a digital catastrophe and parametric risk exchange start-up, has announced an important hire for the company, bringing onboard experienced London-based reinsurance and retrocession broker Jon Wood to become the firm’s first Head of Origination.

CatX, a digital catastrophe and parametric risk exchange start-up, has announced that James Robinson, a Bermuda-based technology expert who previously worked in data science at re/insurer Hamilton, has been appointed to the CatX Bermuda board.

CatX, a digital catastrophe and parametric risk exchange start-up, has launched a new artificial intelligence (AI) tool named Catamaran, which can create and analyse a reinsurance submission then provide rapid feedback on investor interest and pricing.

Augment Risk, a growing risk capital and reinsurance solutions broker, said it aims to harness artificial intelligence technology alongside sophisticated models to underpin the insurance-linked securitization process to differentiate its new ILS broking and advisory offering.