Rapid advances in AI are spurring the development of regulatory initiatives around the world. Our report Regulation of Artificial Intelligence in Insurance: Balancing consumer protection and innovation examines how they impact the insurance industry and ways to strike the right balance between consumer protection and innovation.
WASHINGTON – The American Property Casualty Insurance Association (APCIA) and The Geneva Association yesterday hosted a virtual policy event, entitled “Changing Climate: Mitigation and Insurers’ Role in the Energy Transition” to emphasize the active role insurers play through investment strategies and product development to support responsible transition pathways.
Industries across a variety of sectors are embracing artificial intelligence (AI) for improved services, efficiency and costs. In insurance, AI is reshaping business processes, from underwriting to claims management and customer engagement. AI also has the potential to enhance the value of insurance to society by enabling protection and mitigation services.
What advantages do decentralised finance and blockchain technology in insurance offer over traditional insurance? Our report Assessing the Potential of Decentralised Finance and Blockchain Technology in Insurance lays out the potential value to society.
Abstract submissions are invited for papers dealing with the legal and economic implications of the use of digital technology by the re/insurance industry. Accepted abstracts will be presented at the 20th Joint Seminar of The Geneva Association and the European Association of Law and Economics (EALE), hosted by the Jagiellonian University in Kraków on 13–14 June 2024.
Deadline for abstracts: 10 February 2024
Insurance plays an important role in enhancing resilience to cyber threats, which are rising as a result of digitalisation and growing hacker capabilities. The market for standalone cyber insurance has expanded sharply in the last few years, but the dynamic nature of cyber risk requires insurers, businesses and governments to constantly evaluate and update their approaches to cybersecurity.