InsurTech | Slipcase – (re)insurance industry news

AI will shift liability rather than create new risks

Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments...

Article / 2 months ago

EU parliament approves landmark AI law - France24

The European Parliament gave final approval on Wednesday to wide-ranging EU rules to govern artificial intelligence, including powerful systems like OpenAI's ChatGPT.

france24.com / Article / 2 months ago

2024: An Outlook on Artificial Intelligence

While 2023 was a breakout year for generative AI, we expect 2024 to bring even more adoption and novel uses of AI technology...

Article / 3 months ago

Insurers brace for claims from generative AI surge

Generative AI has already triggered several events that could point to increased claims for insurers

Article / 5 months ago

Markel recognises $25m hit on fraudulent Vesttoo letter of credit (LOC)

Markel has reported that it recognised a $25 million credit loss against a fraudulent $50 million letter of credit (LOC) for reinsurance provided by

Article / 6 months ago

Is Your AI Model Going Off the Rails? There May Be an Insurance Policy for That - WSJ

The many ways a generative artificial intelligence project can go off the rails poses an opportunity for insurance companies, even as those grim scenarios keep business technology executives up at night...

wsj.com / Article / 7 months ago

Vesttoo was offering $100mn+ lines on IP deals

Vesttoo was offering major line sizes of $100mn or more for intellectual property (IP) transactions, which will create a challenge for buyers and...

Article / 10 months ago

Aon IP deals linked to Vesttoo collateral issues as fundraise pulled

Collateral issues that have emerged at ILS platform Vesttoo are connected to Aon intellectual property (IP) deals, sources said, as the InsurTech halted its Series...

Article / 10 months ago