Your Daily InsurTech Briefing – 2024-01-15

AI Helping Rise in UK Insurance Fraud, Report Shows TLDR: Nearly one in five insurance claim handlers believe many fraud claims now involve fake supporting documents created using AI tools A Law360

TLDR: Swiss Re has expanded its partnership with a generative artificial intelligence (GenAI)-powered company to include property and casualty (P&C) reinsurance operations. Swiss Re partners with GenAI-powered company for P&C reinsurance operations.

Enhancing Risk Estimation and Pricing Strategies TLDR: Key Points: AI and big data analytics are transforming risk management in the insurance industry. Regulatory pressures and new technologies are driving AI adoption in

Let’s see what’s in the news today. Insurers grapple with AI ethics and regulation USAA, MMG Insurance and Munich Re executives spoke about these insurers’ efforts to model risk and use data

“`html TLDR: 65% of insurance claims handlers have noticed an increase in fraudulent claims since the cost-of-living crisis hit. 19% suspect that up to one in four claims are now using fake

TLDR: Key Points: Bloomberg article discussing unusual computer activity Users are being prompted to confirm they are not robots Article Summary: The Bloomberg article addresses the issue of users being asked to

TLDR: Tokyo Marine & Nichido Fire Insurance will begin selling “Automobile Insurance for Mobility Service Providers” in Japan starting in January 2025. This insurance policy is designed for ridesharing services utilizing private

“` Key Elements of LinkGevity Article TLDR: LinkGevity awarded Women TechEU grant for AI-driven drug discovery Company uses proprietary Blueprint Theory of Aging for innovative approach to drug discovery Article: LinkGevity, an

TLDR: Insurers and insurtechs are grappling with the ethics and regulations surrounding the use of AI in their businesses. The U.S. and Europe have adopted models and frameworks for AI use in

TLDR: Genius.AI partners with ClickBank to revolutionize digital marketing with AI-powered solutions. The collaboration introduces cutting-edge AI technology to ClickBank’s affiliate network, simplifying processes for new and experienced users. Genius.AI, a leader