Traditionally, the trade-off in underwriting is often between speed and quality. But through AI, technology is allowing (re)insurers to improve both, according to Swiss Re Head of Underwriting, Life & Health, Hong Kong & Taiwan and Global High Net Worth, Hazel Etherington-Squires.
Risks are becoming increasingly interconnected, creating new pathways through which relatively contained shocks can ripple faster and further through the economy, revealed a new joint analysis by Swiss Re Institute and London School of Economics (LSE).
Aon has promoted Ms Jane Drummond to the role of Global Chief Commercial Officer (CCO), effective 1 January 2027. She will report to Mr Andy Marcell, Deputy CEO and SEVP, Risk Capital and Human Capital for Aon, and will serve as a member of the Aon Executive Committee.
The insurance sector could potentially tap into a range of emerging sectors as new technologies and industries create risks that have yet to be fully priced, according to new research from McKinsey.
In Australia's highly regulated market, AI decisions need to be controllable, transparent and accountable and support good customer outcomes, according to Duck Creek Technologies Managing Director, APAC, Christian Erickson. Effective AI needs volumes of reliable and accessible data.
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against Clark Family, alleging it misled consumers on its websites by claiming it compared rates and options from multiple providers and tailored recommendations to consumers' needs, when in fact enquiries were sold to the highest bidding broker.
AI adoption is widespread in the insurance industry, but differences in implementation, maturity, governance and execution may lead to divergent outcomes on performance and credit quality, S&P Global Ratings said in a new report.
India's data centre expansion is creating concentrated risks across power, construction, water, cyber and operations, according to a new research report by the global insurance broker Howden.
The Saudi Insurance Authority will launch a more open approach towards data, in parallel with the implementation of the Risk-Based Capital (RBC) system, which would begin in January 2027. These moves will position the Saudi insurance industry for a new phase of growth and investment.
Ping An Property & Casualty Insurance (Ping An P&C ) has reported a 50.4% year-on-year reduction in claims at 1,620 high-risk intersections during China's 2026 Spring Festival holiday, highlighting the potential of technology-driven risk prevention in insurance.