Trends in Insurance
It’s a defining moment for modern insurers. Faced with the ravaging effects of climate change and natural disasters, geopolitical tensions and more, insurance companies that focus on innovation and emerging technologies will establish new ways to confront risk and uncertainty. Insurers are looking to revive trust, protect data privacy, form new partnerships, and address the global protection gap along with the looming “silver tsunami” of retiring professionals.
How can data and AI technology help insurers evolve? Some are using synthetic data to remodel underwriting and pricing – while others are including new data types in sophisticated models to combat climate risk or new types of fraud.
Opportunities abound, but one thing is certain: Adopting technologies like AI and generative AI (GenAI) can position insurers to address the industry’s biggest challenges head-on.
