The artificial intelligence (AI) landscape has changed significantly over the past year, presenting both fresh opportunities and new challenges to the property & casualty insurance industry. As AI continues to evolve, especially through advancements like GenAI, insurance companies must create strong governance frameworks to keep AI use transparent and ethical.
Unveil how U.S. property & casualty personal lines carriers are recalibrating strategies for 2024 amid industry shifts. Explore priorities, from business optimization to pricing precision, in ReSource Pro’s latest report.
CES 2024 showcased innovations in human security, featuring wearables for health monitoring, AI-driven gun detection, and AgTech solutions like AirFarm. The intersection of innovation and security poses challenges for insurance, requiring adaptation to the evolving risk landscape.
Explore the transformative impact of digital solutions on insurance distribution in our new report. From addressing pain points like data enrichment to balancing technology with human expertise, discover insights that can reshape your distribution processes.
When it emerged in late 2022 with ChatGPT, Generative AI made artificial intelligence technologies more visible – and got insurance organizations wondering how these new capabilities would transform the industry.
During InsureTech Connect 2023, ReSource Pro’s Mark Breading joined Jason Reichel on Risk Management: Brick by Brick podcast to discuss AI’s crucial role in insurance amid dynamic trends like climate change, COVID-19, and cyber security, exploring its impact and implications within the industry.
Digital payments are crucial in today’s consumer experience. Insurance customers demand diverse payment options. For carriers, it’s not a luxury but a necessity, impacting decisions and retention while cutting costs and fraud. Our report explores evolving digital platforms for an efficient,
paperless future.
Discover how ReSource Pro’s consulting practice delves into the world of AI implementation in P&C commercial lines insurance. Unveiling key findings the latest research, explore the current landscape of AI solutions, their impact on risk management, underwriting, and claims processing.
There are several reasons why these plans can be problematic for both employers and their employees. In this blog, we’ll address the differences between a self-funded and fully insured health plan as well as the fiduciary liability risks involved in self-insurance.