by AIP Online Bureau | Apr 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
This is the first time Taiping Reinsurance is bringing high-resolution flood modeling in-house, instead of relying on coarser models developed by US risk analytics companies, said Sheldon Yu, chief executive officer at the Hong Kong-based reinsurer The weather...
by AIP Online Bureau | Apr 11, 2025 | Indian News, Technology
Pallavi Malani, India Leader – Insurance Practice, BCG said, “Generative AI is reshaping the insurance industry. From underwriting and claims automation to customer service and AI enabled agency channel – we expect AI to structurally change the industry....
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Technology
Risk experts are increasingly using AI to crack an especially intractable challenge: modeling hailstorms, thunderstorms and tornadoes, collectively known as severe convective storms, or SCS. Insured losses from SCS events totaled $61 billion in 2024, the...
by AIP Online Bureau | Mar 22, 2025 | Eco/Invest/Demography, International News, Policy, Risk Management, Technology
“Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating,” said Europol’s Executive Director Catherine De Bolle The European Union’s law enforcement agency cautioned...
