Artificial Intelligence (AI) and Emerging Business Models in Insurance

CHRIS HOLLAND | November 12, 2019

article image
Artificial Intelligence (AI) poses fundamental questions for the insurance industry. How do AI and other forces shape the insurance industry? Can AI be used defensively by incumbent firms or is it purely a disruptive force exploited by new entrants? Loughborough University and Willis Towers Watson are collaborating on research into the effects of AI on business models, and some answers to these questions are starting to emerge. This insight column highlights some key initial ideas and results – on the competitive forces shaping insurance markets and on their consequences for insurance business models.

Spotlight

Darwin Clayton (UK) Ltd

Darwin Clayton is one of the longest established Independent Insurance Brokers in the UK, and has a reputation for delivering innovative products, quality service and competitive premiums.

OTHER ARTICLES

How Insurance Industry Can Better Leverage the Potentials of Big Data?

Article | March 5, 2020

The insurance sector has largely been driven by data to drive the dynamics of the industry for several years. However, advances in technology now have led to a broad range of solutions to assess large volumes of information for useful patterns. So, in order to succeed and remain competitive in the ever-changing field, insurers are turning to Big Data and analytics. The increasing use of these solutions delivers the capabilities to transform the industry by providing valuable insights into all facets of company operations and performance.

Read More

Business insurance coverage in the COVID-19 era

Article | April 7, 2020

Businesses globally are reeling from the multiple impacts of COVID-19: lost revenue, expanded workers’ compensation claims, and potential third-party liability, to name a few. As the losses grow and uncertainty continues, businesses are turning to their insurers for coverage. Whether and to what extent coverage will be available will depend on the facts, the science, the law, the policy, and, inevitably, the courts.

Read More

6 reasons to take out landlord insurance

Article | March 9, 2020

Making the leap from homeowner to property investor comes with a unique set of challenges and opportunities. While many landlords try to minimize their outlay and maximize their return – and understandably so – insurance is the one essential expense you simply can’t afford to scrimp on. It’s so important that you are adequately covered with suitable landlord insurance, so that the following scenarios don’t cripple you financially…

Read More

Online Business Insurance & Why It Matters for Entrepreneurs

Article | March 2, 2020

If you’re a new online entrepreneur, I’m sure you’ve realized how much there is to read up on and prepare for when it comes to being ready to successfully run a business on your own. One of those big things that so many people overlook are the different types of insurance you need to make sure you’re protected in all circumstances as a business owner.

Read More

Spotlight

Darwin Clayton (UK) Ltd

Darwin Clayton is one of the longest established Independent Insurance Brokers in the UK, and has a reputation for delivering innovative products, quality service and competitive premiums.

Events