Parametric insurance uses data triggers for automatic payouts, revolutionizing disaster response with speed and transparency. This emerging approach faces regulatory and explanatory challenges while meeting demand for faster coverage.
Behind the scenes, AI and big data are fundamentally changing how insurers assess risk, prevent losses, and interact with customers—creating both unprecedented personalization and new ethical dilemmas in the process.
Artificial intelligence and climate change are quietly transforming insurance from financial protection to risk prevention. Algorithms now assess damage from space while retreating from climate-vulnerable areas creates protection gaps. The industry's shift toward resilience raises questions about equity and transparency...
From parametric triggers to behavioral pricing, the insurance industry is undergoing a silent transformation. This investigation reveals how climate change, data analytics, and new technologies are reshaping coverage in ways most policyholders never see coming.
Artificial intelligence and climate change are forcing the insurance industry to reinvent itself. From AI-driven underwriting to climate-risk modeling, traditional approaches are collapsing as insurers grapple with ethical dilemmas and environmental realities that are reshaping coverage and premiums nationwide.