Severe storm risk management is undergoing significant transformation as insurers increasingly focus on hail-related risks and leverage artificial intelligence (AI) to enhance risk assessment and response capabilities. The evolving approach reflects the growing impact of climate change on weather patterns Read More …
Tag: Insurance analytics
Hail Risk and AI Are Transforming Severe Storm Risk Management
JBA Risk Management Launches Updated Global Flood Risk Model
JBA Risk Management has introduced an updated global flood model, enhancing capabilities for assessing and managing flood-related risks across regions. The development reflects increasing demand for advanced risk modelling tools amid rising climate-related uncertainties. According to the report, the upgraded Read More …
HDI Global calls for balanced use of AI and human judgment in risk management
HDI Global Insurance has underscored the need for a balanced approach to risk management that combines advanced analytics and artificial intelligence with strong human oversight, as insurers confront increasingly complex and interconnected risk environments. The insurer noted that traditional risk Read More …