In this IJA Aftershow, George talks with Chris Boggs about his latest class, BAP Coverage Symbols: There’s Gold in Them There Numbers.

Not yet a member of the academy? Join Today!

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In this episode of The Insuring Cyber Podcast, take a deep dive into the latest challenges in cyber risk management with experts from cybersecurity and cyber insurance firms. Kaustubh Medhe, vice president of research and threat intelligence at Cyble, shares insights from Cyble’s new report, Securing BFSI: An Integrated Approach to Cybersecurity and Brand Protection, highlighting emerging threats and defense strategies for businesses of all sizes. Peter Hedberg, vice president of underwriting at Corvus, addresses common misconceptions in cyber insurance, how policies are evolving, and why this is an essential conversation for executives and boards. Check it out!

The post EP. 97: Critical Cyber Threats and the Future of Cyber Insurance appeared first on Insurance Journal TV.

AI offers revolutionary benefits on par with the Internet, but businesses must address six key risks to fully capture its potential while ensuring safety and compliance. In this excerpt, Elizabeth Blosfield, Deputy Editor of Carrier Management, talks with Matt Van Itallie, Founder and CEO of Sema about six key concerns. To watch the full interview and the rest of the summit talks, visit riskyfuture.com. 

Main Points:

1. Six Critical AI Risks: Key concerns include confident inaccuracies, data bias, and challenges with legacy system integration, all of which need careful management to unlock AI’s value.
2. Data Privacy and Compliance: With AI’s vast data processing capabilities, ensuring privacy and meeting regulatory requirements become even more critical.
3. New AI-Driven Risk Categories: As AI-generated code introduces novel risk factors, organizations must adjust their risk management strategies to include AI-specific threats.

#ArtificialIntelligence #AIrisks

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You’ll enjoy the interesting life and business journey of our guest Satvinder Kaur. She’s originally from India, and marketing executive roles at various carriers led her to the USA. Most recently she oversaw the brand refresh for the agency network Acrisure. Today, Satvinder urges insurance marketers to learn all they can about AI and employ new tools for customer acquisition and engagement. She has built a framework for learning: Her new “Find a hack” innovation workshop helps marketers discover pathways. But a dose of reality is in order, too. “Remember when smart phones were the talk of the town?” Satvinder asks. “You don’t hear people now saying, ‘The smart phone is my edge.’ AI will be like that. We’ll all have it.” She advises insurance marketers to “find the problem you want to solve. It’s not the problem the AI vendor is bringing to you, where maybe they solved a problem for a luxury brand. Find your own problem to solve.”

The post Insurance Marketers: Get More AI Smarts appeared first on Insurance Journal TV.

This episode of Between the Lines dives into the rapidly evolving landscape of AI-driven claims fraud, offering insights on how claims professionals can balance traditional detection methods with advanced AI tools to protect against sophisticated scams. Elizabeth Blosfield, Deputy Editor of Carrier Management, will speak with experts in this field including: Shane Riedman, President of anti-fraud analytics at Verisk and Sam Krishnamurthy, Chief Technology Officer at Turvi.

Click here to register for free to this episode on Dec. 10, 2024!

Main Points:

1. Emerging Threats in Claims Fraud: Understand how AI technology is reshaping fraud, with new tactics like deepfakes challenging traditional fraud detection.
2. Advanced Detection Tools: Discover the cutting-edge tools that insurers can leverage to combat AI-generated fraud and stay ahead in the fight.
3. Human Expertise Meets AI: Explore the importance of combining human intuition with AI insights to identify and prevent fraudulent claims effectively.

#ClaimsFraud #AIinInsurance #InsurTech

The post New BTL: AI Arms Race in Claims and Staying One Step Ahead of Evolving Fraud Tactics appeared first on Insurance Journal TV.

Insurance carriers now leverage vast data and social media insights, creating both challenges and opportunities for businesses in managing risk and maintaining transparency. This excerpt from the Risky Future Summit highlights Andrea Wells’, Vice President of Content at Insurance Journal, interview with Skylar Romines, Founder/Owner of ATW Advisors, about these opportunities – to watch the full interview and the rest of the talks from the summit, visit riskyfuture.com.

Main Points from this talk:

1. Unprecedented Data Access for Carriers: With tools like real-time satellite imaging, underwriters can identify risks in properties before owners are even aware, making proactive management essential.
2. The Dangers of Misrepresentation: Businesses that falsely advertise services or assets on websites or social media can raise red flags with insurers, potentially leading to increased scrutiny or higher premiums.
3. Social Media as a Safety Tool: Internally, social media can foster a strong safety culture by allowing leaders to share personal experiences, encouraging transparency and safety reporting among employees.

#RiskManagement #InsuranceData

The post How Data and Social Media Are Reshaping Risk Management in Insurance appeared first on Insurance Journal TV.

At ITC in Las Vegas, Elizabeth Blosfield talks with vendors and attendees about how insurers are investing in InsurTech partnerships to drive innovation, improve data access, and deliver value across the insurance ecosystem.

Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!

#InsurTech #InsuranceInnovation #DigitalTransformation

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At ITC Vegas, Carrier Management Deputy Editor Elizabeth Blosfield talks with vendors and attendees about the transformative role of AI and automation in simplifying claims, reducing costs, and improving customer satisfaction for insurers.

In this interview, Elizabeth talks with Bill Bowser, Senior Vice President of Global Industry Relations and North American Claims Sales at Solera, Inc., Bradley Williams, President of Simply Easier Payments, Arvind Kaushal, CEO and Co-Founder of Cogitate, and Jacqueline Schaendorf, President and CEO at Insurance House.

Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!

#ClaimsAutomation #InsuranceInnovation

The post InsurTech & Traditional Insurers: Shaping the Future of Claims with AI and Automation appeared first on Insurance Journal TV.

In this episode of the IJA Aftershow, join George and Patrick as they talk with Chris Boggs about his latest class, The Easy Questions No One Asks (Including YOU), And What Happens When You Don’t.

Not yet a member of the academy? Join Today!

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CBD, once considered a safer cousin to sell and to insure than marijuana, has become a bit of a gray area for regulators and insurers. That’s because of the lack of regulatory guidance, and the fact that the Farm Bill has yet to be finalized. There’s a level of trepidation in the insurance industry, but one insuring cannabis specialist sees the CBD space as an opportunity for producers. For our latest podcast, we spoke with Summer Jenkins-Wilson, a principal with Capital Green Consulting.

The post 96: CBD’s Gray Area an Opportunity for Insuring Cannabis Specialists appeared first on Insurance Journal TV.

Explore key Insurtech trends transforming the industry, from harnessing data-driven insights to the rise of automation and new safety metrics, in this sneak peek from the Insuring Cyber podcast. To watch the full recap of Elizabeth’s visit to ITCVegas, click here to view the episode!

To sign up or register to be a speaker at next year’s Carrier Management InsurTech Summit visit theinsurtechsummit.com!

#DataDriven #Automation

The post Insurtech Insights: Data, Automation, and Road Risk Trends Shaping the Future appeared first on Insurance Journal TV.