‘These endorsements reflect our commitment to evolving our cover, keeping pace with our clients’ needs and providing greater clarity and confidence,’ says head
Daniel Lloyd-John, chief executive and founder at HNW broker Broadway Insurance Partners, discusses how the rise of AI may not fundamentally change insurance broking as much as expected
’Our affirmative AI wording gives policyholders greater clarity,’ says practice leader
Almost nine months into launching a new MGA, the commercial director reflects on the opportunities that ‘come from being hungry, determined and not necessarily taking no for an answer’
’Neither the market nor the insurers are ready,’ says head of partnerships
’Consumers who do not want to buy protection over the phone are underserved by today’s protection market because traditional distribution cannot profitably deliver a quick, easy purchase,’ says co-founder
Insurers are turning to AI to take on repeatable operational work and free up capacity to write more business, with industry leaders saying the technology could finally deliver the efficiency gains promised by previous technology waves
CII chief executive Matthew Hill says the industry must focus on preserving human judgement and leadership as artificial intelligence reshapes the workplace
‘The dereliction is having a queue of complaints which aren’t being dealt with because there is a mountain of AI slop that you just can’t physically work through,’ says law firm partner
’This endorsement makes it clear to our clients that in the event of a cyber attack, AI-driven or otherwise, they are protected,’ says group head of cyber risks
The survey will investigate how AI and automation are being used throughout the claims journey
‘With this new requirement to disclose and be transparent around AI, there’s enhanced risks and so we want to help brokers and clients address that risk through this regulatory coverage,’ says chief revenue officer
Reinsurers are increasingly looking to AI to improve workflows and data quality as softening market conditions raise the importance of operational efficiency, says chief executive
‘We could have a system in place where in the run up to renewal, the insurer cross-references or does an AI check on if the property has had any planning permission applications’ says director