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Digital Insurance connects the insurance business & technology communities.

Valkyrie Holmes, co-founder and CEO of Faura, a startup providing natural disaster risk analytics to MGAs and carriers, ...
06/11/2025

Valkyrie Holmes, co-founder and CEO of Faura, a startup providing natural disaster risk analytics to MGAs and carriers, speaks about finding her path in insurtech and how the company is developing.

“We need to create this positive feedback loop for policyholders to not only interact with their insurance companies, but create more of this education around what the risk of their property even is,” Holmes said in a podcast interview. “Insurance inherently is this financial incentive that allows people to benefit from that work, which is how I fell into the insurance space.”

Valkyrie Holmes, co-founder and CEO of Faura, discusses how AI and analytics are helping carriers identify and manage weather risks.

Brown & Brown will acquire RSC Topco, the holding company for Accession, for $9.8 billion, plus more news from Beazley G...
06/11/2025

Brown & Brown will acquire RSC Topco, the holding company for Accession, for $9.8 billion, plus more news from Beazley Group, Markel, Insurate, Encova Insurance, SAPIENS, Cytora, Cork, UKON, LRQA Americas, bolttech, If P&C Insurance and Socotra.

Brown & Brown to acquire Accession for $9.8B and bolttech's $147 million Series C funding plus more insurance news.

Sustainability can be a path for the insurance industry to meaningful growth, ethical leadership, and long-term success,...
06/11/2025

Sustainability can be a path for the insurance industry to meaningful growth, ethical leadership, and long-term success, writes Ann Dieleman, executive director, PIMA.

“By nurturing the next generation of leaders who embrace sustainable values, socially responsible insurance companies can spark innovation, foster trust, and create lasting value for their clients and communities,” she writes.

The insurance industry can embrace sustainability as a path to meaningful growth, ethical leadership and long-term success.

AI can improve the connection between underwriting and risk prevention, writes Lanie Raphael, president, B.F. Saul Insur...
06/10/2025

AI can improve the connection between underwriting and risk prevention, writes Lanie Raphael, president, B.F. Saul Insurance.

She shares questions that insurance companies should ask themselves about using AI to bring underwriting into the future.

Leaders in insurance will succeed by integrating AI with clear goals, strong rules and forward-thinking strategies.

Meet Bestow, an insurtech that helps life insurers replace legacy systems with a modern, end-to-end platform.“Today, sev...
06/10/2025

Meet Bestow, an insurtech that helps life insurers replace legacy systems with a modern, end-to-end platform.

“Today, several leading insurers rely on Bestow to power their digital transformation and launch new products quickly,” said Melbourne O'Banion, CEO and co-founder.

Bestow launched its first product in 2017 and has grown its platform into a tech solution for life insurance.

78% of global life insurance carriers believe data readiness is the biggest challenge for using AI, and 46% said they la...
06/09/2025

78% of global life insurance carriers believe data readiness is the biggest challenge for using AI, and 46% said they lack that data readiness, according to research by Equisoft, Universal Conversion Technologies (UCT) and LIMRA.

Mike Allee, president of UCT, offers advice on how to address data readiness.

Several recent studies have found that 78% of global life insurance carriers believe data readiness is the biggest challenge in getting value from AI.

National Oceanic and Atmospheric Administration (NOAA) and U.S. National Weather Service (NWS) cuts could be replaced wi...
06/09/2025

National Oceanic and Atmospheric Administration (NOAA) and U.S. National Weather Service (NWS) cuts could be replaced with AI and modeling, but not completely, according to Howard Altschule of Forensic Weather Consultants.

"Since the widespread layoffs of numerous NOAA and NWS personnel, I've heard that some of the computer models have been performing very poorly,” he said.

Federal agencies that provide weather data are losing funding or being reorganized, forcing carriers to find new storm data sources.

At Insurtech Insights New York, Juan Andrade, president and CEO of USAA, described how AI has helped the insurer pay on ...
06/09/2025

At Insurtech Insights New York, Juan Andrade, president and CEO of USAA, described how AI has helped the insurer pay on claims faster.

“In catastrophe claims management, it's really allowed us to reduce the number of days from 14 to seven, where we can pay the claim after a wildfire or a hurricane,” he said.

See this and other conference insights from AXA, Chubb, McDermott Will & Emery, National Association of Insurance Commissioners, IMA Financial Group, Inc. and more here:

https://bit.ly/3HNvhVl

Highlights from speakers and sessions at the Insurtech Insights conference and surrounding events in New York from June 3-5.

Tariffs put a further squeeze on the safety and risk of maritime shipping, according to a review and data analysis by Al...
06/08/2025

Tariffs put a further squeeze on the safety and risk of maritime shipping, according to a review and data analysis by Allianz Commercial.

"There is little doubt that the relevance of political risk and conflict as a potential cause of maritime loss is increasing with heightened geopolitical tensions,” said Rich Soja, global head of marine at Allianz Commercial.

https://bit.ly/3HsIanO

Regional wars, tariffs and supply chain disruptions increase the risk of global fleet losses, according to the new Allianz 2025 shipping review.

Sharing catastrophe data with other insurers and working with government and research organizations can help find insura...
06/07/2025

Sharing catastrophe data with other insurers and working with government and research organizations can help find insurable properties in high-risk areas, as Angela Grant of Palomar explained.

“All the perils are converging at this point, so being able to work in collaboration with all of the different stakeholders is important,” she said.

Catastrophe risk information from government bodies and academic institutions would make it possible to insure more homeowners based on more granular assessment, according to insurance industry professionals.

AI chatbots can provide insurers with better customer support, faster claims processing, personalized policy recommendat...
06/06/2025

AI chatbots can provide insurers with better customer support, faster claims processing, personalized policy recommendations and more. Abhishek Peter, manager of digital marketing at Fecund Software Services, has the details.

“These smart digital assistants are not just a buzzword anymore; they're delivering real results,” he writes.

The top areas where AI chatbots are reshaping the insurance customer experience.

The severity of cyber breaches increased 34% last year, partly due to third-party supply chain attacks, writes Matt Cull...
06/06/2025

The severity of cyber breaches increased 34% last year, partly due to third-party supply chain attacks, writes Matt Cullina, head of global cyber insurance business at TransUnion.

“For cyber insurers and policyholders, increased breach severity adds layers of complexity to an already difficult risk management landscape,” he writes.

https://bit.ly/3ZguYbP

Addressing the risks from increasing cyberattacks requires more than cyber insurance.

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