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News
Underwriters say AI is saving time, not improving decisions
3+ day, 18+ hour ago (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...
Consumers already trust AI with insurance decisions, and that breaks the usual pattern
3+ day, 23+ hour ago (431+ words) Every previous wave of digital change in insurance has run into the same obstacle: trust. Consumers hesitated to move to digital channels, and they hesitated to share data in exchange for better pricing, largely because they didn't trust the systems…...
Man seeks answers in insurance company outage after cyberattack
1+ week, 2+ day ago (20+ words) NBC10 Philadelphia Man seeks answers in insurance company outage after cyberattack...
40% of large firms underinsured amid cybercrime surge
1+ week, 3+ day ago (420+ words) AI is lowering the cost and complexity of launching cyber incidents — enabling scammers to commit breaches at unprecedented speed and amplifying the need for proper insurance. One in four cyber breaches were AI-enabled in the first half of 2026, driving up…...
Huscarl bets on AI as companies rethink self-insurance |
1+ week, 5+ day ago (406+ words) The FRST-led seed round will help the startup expand its autonomous AI actuary platform in the US as more companies retain and manage their own insurance risk. Huscarl has raised seed funding to expand its AI-powered actuarial platform in the…...
Huscarl raises $5.6M to build an autonomous AI actuary for corporate self-insurance
1+ week, 5+ day ago (1303+ words) For decades, companies have relied on commercial insurers to transfer the financial risks associated with their operations. But an increasing number are choosing to retain more of those risks themselves through insurance subsidiaries known as captives. Now, artificial intelligence is…...
How Asia’s insurers are using AI — and where it could take them
2+ week, 5+ hour ago (849+ words) Insurance leaders respond with a clear ambition, the technological and operational capability to deliver, and a fast path to adopt changes. The pressures on Asian insurers have been building for years, from shifting demographics to rising climate-related losses and a…...
Two in five Singapore firms plan cyber insurance within 12 months
2+ week, 11+ hour ago (291+ words) Deepfake or voice-cloning attacks affected 39% of respondents. Cyber insurance is becoming a higher priority for Singapore organisations as the growing use of artificial intelligence (AI) exposes businesses to new cyber risks, according to ESET’s Enterprise Cybersecurity Report 2026. Some 36% of organisations…...
The AI clause that may already be on your contractor client's policy
2+ week, 5+ day ago (543+ words) A nationwide review of state insurance filings shows that carriers have filed generative AI exclusions across the standard commercial lines contractors carry, up from zero in mid-2025. Trades Coverage, a licensed insurance producer and marketplace, identified 4,078 state-level records across 49 states and…...
The "grudge purchase" that could cost businesses more than they think
2+ week, 6+ day ago (561+ words) "One of the main reasons people buy PI because they're told to, that they have a contract and the other person says if you want this work, you must tick this box and have PI cover, and they go away…...