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Artificial intelligence (AI)

FCA review calls for ‘trusted’ AI agents in insurance

A Financial Conduct Authority review into the use of artificial intelligence has both warned of the amplification of fraud and cyber risks and said “trusted agents” could help consumers through addressing protection gaps as well as switching firms.

Big Interview: Jane Poole, CFC

Jane Poole, chief financial officer of CFC, reveals how she is helping the insurer scale internationally, what she learned during Direct Line’s takeover saga, and why insurance still needs to do more to improve social mobility and leadership diversity.

Cowbell targets UK cyber dominance

Simon Hughes, chief commercial officer of cyber insurance firm Cowbell, has told Insurance Post that underinsured SMEs are a huge growth opportunity for the business and the sector.

AI could kill the insurance renewal habit

Editor’s View: With more than 70% of consumers expecting artificial intelligence to influence their insurance purchases within the next year, Emma Ann Hughes predicts renewals face their biggest disruption right now since the demise of the Yellow Pages.

Zurich’s Seach urges industry to tackle AI risk blindspots

As businesses face volatility from artificial intelligence and cyber security, Penny Seach, group chief underwriting officer at Zurich, kicked off the Airmic Conference by telling insurers to identify and overcome “blindspots” to evolving threats.

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