The auto insurance industry is going through a major transformation. At the heart of this change is artificial intelligence. This powerful technology is quietly reshaping how insurers operate and how ...

AI could contribute up to $1.1 trillion annually to the global insurance industry. Of this, $300 billion is expected to come from AI-powered customer service and product personalization. That ...

In the past, the auto insurance industry was all about paperwork and drawn-out processes. But now, things are changing fast thanks to technology. At the heart of this transformation is the emergence ...

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a "snowball effect" ...

Business owners and leaders are exploring AI not just as a tool, but as a participant in operations. These trends have ...

Insurers are rewarding organizations that use AI to strengthen their defenses, while growing more cautious with those whose AI use introduces new risks.

Flood Re, a state-backed insurance program, now plans to "layer up" on cat bonds, said Chief Executive Officer Perry Thomas. State Farm Mutual Automobile Insurance Co. will pay a $5 billion cash ...