The Fourth Industrial Revolution is transforming the way airlines and airports do business. The advancement of technologies such as artificial intelligence and internet of things is increasing operational efficiency, but the digital nature of these technologies makes them intrinsically vulnerable to cyberattacks. Cyberattacks on critical infrastructure have become the new normal across sectors such as… Continue reading Multi-Stakeholder Mobilization to Reinforce Cyber Resilience in Global Aviation
Tag: AI
IBM Proposes Artificial Intelligence Rules to Ease Bias Concerns
IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled, older Americans and others. As it seeks to define a growing debate in the U.S. and Europe over how to regulate the… Continue reading IBM Proposes Artificial Intelligence Rules to Ease Bias Concerns
White House Proposes Regulatory Principles to Govern AI Use
The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach”, and said it wants European officials to likewise avoid aggressive approaches. In a fact sheet, the White House said federal agencies should “conduct risk assessment and cost-benefit analyses prior to any regulatory… Continue reading White House Proposes Regulatory Principles to Govern AI Use
Travelers Announces Strategic Partnership to Streamline Submission and Quoting Processes
The Travelers Companies, Inc. today announced a strategic partnership with Groundspeed Analytics, Inc. to simplify its new business and policy renewal processes through the use of artificial intelligence (AI). The two companies will also collaborate on the design of additional AI capabilities that can provide increased efficiencies through the automation of commercial insurance analytics. Quote… Continue reading Travelers Announces Strategic Partnership to Streamline Submission and Quoting Processes
Delos Uses Satellite Imagery and AI to Help Homeowners in Wildfire Areas Get Insurance
Insurance companies are shying away from covering homes in wildfire areas. But “wildfire areas” tend to be pretty broad. What if companies could evaluate the risk on a more granular level — tapping things like satellite imagery and machine learning combined with wind, weather and topology data, to better define the riskiest zones? Could more… Continue reading Delos Uses Satellite Imagery and AI to Help Homeowners in Wildfire Areas Get Insurance
The Hartford Taps Cape Analytics for Home Data
The Hartford, property and casualty insurer, has partnered with with Cape Analytics to provide AI and geospatial imagery for property intelligence. The new partnership will allow predictive, comprehensive, and AI-based property information for better quoting, renewals and home inspections. Ben Rhodes, head of homeowners’ product for The Hartford, shared “We continue to invest in technology… Continue reading The Hartford Taps Cape Analytics for Home Data
Lloyd’s Invests in Artificial Intelligence Start-up as Lab Welcomes Second Cohort
Lloyd’s has confirmed it will invest in Layr, a cloud-based commercial insurance platform for small businesses, following a successful trial in the Lloyd’s Lab, which last week welcomed a second cohort of 12 InsurTech start-ups. Layr, which is based in Atlanta, Georgia, participated in the first cohort of the Lloyd’s Lab and used the opportunity… Continue reading Lloyd’s Invests in Artificial Intelligence Start-up as Lab Welcomes Second Cohort
Munich Re to Deploy High-Res Imagery, AI for Faster Hurricane Claim Payments
New methods currently being explored by global reinsurance giant Munich Re could see hurricane victims receive claim payments on their damaged properties in the time it takes them to return to their homes, according to reports from German newspaper Handelsblatt. Artificial Intelligence (AI) will play a key role in enabling this rapid response time, Munich… Continue reading Munich Re to Deploy High-Res Imagery, AI for Faster Hurricane Claim Payments
AI and Robots Create New Risks and Opportunities: Lloyd’s
As the world becomes increasingly automated, forcing underwriters to adapt and navigate a new risk environment, insurers are leveraging the potential of AI themselves to remain competitive, improve processes and increase efficiency. This is according to two new reports from Lloyd’s exploring these trends in more detail. “Taking control: artificial intelligence and insurance”, published in… Continue reading AI and Robots Create New Risks and Opportunities: Lloyd’s
Aon Unlocks Insurance Trends from Its Unstructured Documents through Groundspeed’s AI
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has uncovered invaluable insights by identifying 170 million data points from historical insurance documents with the help of Groundspeed’s artificial intelligence technology. Insurance carriers receive over a billion pages of documents each year in support of underwriting,… Continue reading Aon Unlocks Insurance Trends from Its Unstructured Documents through Groundspeed’s AI