Companies are not fully prepared for the widespread use of generative artificial intelligence, or the business risks these tech tools may bring, research from McKinsey & Co has found.
Tokio Marine, Sompo and MS&AD have been named by non-government organisations as failing to disclose intermediate targets that were still required, despite their exit from the Net-Zero Insurance Alliance.
Coal Action UK campaigners have graffitied Hiscox and Travelers offices this week, demanding the insurers withdraw support for the East African Crude Oil Pipeline project.
On a quarterly basis funding for insurtechs appears “quite volatile” but trends developing are in line with longer-term sustainability, a Gallagher Re report says.
Campaigners have pleaded that Axa ends the expansion of oil and gas production after the insurer revealed it is allowing exceptions for companies it considers to be “in transition”.
Research by McKinsey & Co has revealed that access to funding and acquiring customers are the two biggest challenges insurtech leaders face.
A survey by Willis Towers Watson and the Nasdaq Center for Board Excellence has revealed that almost half of respondents reported their boards lacked expertise to respond to climate risk.
The Institute and Faculty of Actuaries has published its Biodiversity and Nature-Related Risks policy as biodiversity loss becomes a top global concern.
With only a few days to go until Consumer Duty comes into force, firms are still struggling to prepare for the regulatory changes and the hurdles ahead, industry leaders explain.
Following two successful pilots, the Financial Conduct Authority will make its Digital Sandbox available permanently for firms in the insurance sector from 1 August 2023.
The chair of Flood Re has warned widespread flooding will become “more persistent” in the UK with over three million homes in urban areas at risk of flash flooding.
Firms have been urged to collect diversity data on a voluntary basis to be able to make “positive action steps” towards change.
Standards have slipped for “big household name” insurers and MGAs have stepped up to offer a “tailor-made” service which is making them the partner of choice, brokers have revealed.
The Net-Zero Insurance Alliance has relaxed its requirements to a “no obligation to publish targets” policy after many members exited the group.
Aviva’s Blanc asked three things of the industry in the fight against climate change and said it remains the “most important issue” we face regardless of recent events.
The Association of British Insurers has launched guidance to help the industry become “nature positive”.
Home and motor insurers need to put the “wrongs right” and “improve their treatment” of vulnerable customers as the cost-of-living squeeze continues.
Boris Krumrey, global vice president of automation innovations, Ui Path, has revealed how insurers need to tackle legacy systems before trying to implement generative artificial intelligence into their business.