Insurtech

New technologies are helping carriers identify how vulnerable properties are to a wide variety of risks ranging from wildfires to wind, flooding and more.

Slow repair cycle times, widespread premium increases and the volume of catastrophic events all contribute to dissatisfaction, according to the U.S. Property Claims Satisfaction Study from J.D. Power.

The market for cyber breach reinsurance coverage is increasing, and policies are becoming more specialized, according to cyber insurance executives from Guy Carpenter, Aon, Liberty Mutual and Swiss Re.

Respondents suggest generative AI, regulations and cyber insurance will all play a role in cybersecurity next year.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

The deal values the combined entity, which includes the home-insurance insurtech, at $5 billion.