By Lewis Nibbelin, Contributing Writer, Triple-I Garnering millions of weekly users and over a billion user messages every day, the generative AI chatbot ChatGPT became one of the fastest-growing consumer applications of all time, helping to lead the charge in AI’s transformation of business operations across various industries worldwide. With generative AI’s rise, however, came … Read more
Road safety efforts in Europe offer numerous examples and success stories from which U.S. jurisdictions are learning. In the latest Triple-I Executive Exchange, MAPFRE USA President and CEO Jaime Tamayo sat down with Triple-I CEO Sean Kevelighan to discuss these learnings from an insurance perspective. “In Europe, road-related fatalities are significantly lower than in the … Read more
For insurers, “customer” is one word that encompasses individual policyholders, business owners, risk managers, agents and brokers, and others, all with different (often divergent) priorities. For reinsurers – whose primary customers are insurers themselves – “understanding the customer” is particularly challenging. This was part of the motivation behind RiskScan 2024 – a collaborative survey carried … Read more
Occasionally, an owner of a permanent life insurance policy may decide that they no longer need their policy – either because the death benefit is no longer necessary or because they simply want to access the policy’s underlying cash value for their living expenses in retirement. Unlike term life insurance, permanent life insurance doesn’t simply … Read more
Earlier this week, North Korea apparently completed a successful test of its most powerful intercontinental ballistic missile, lofting it nearly 4,800 miles into space before the projectile fell back to Earth. This solid-fueled, multi-stage missile, named the Hwasong-19, is a new tool in North Korea’s increasingly sophisticated arsenal of weapons. It has enough range—perhaps as … Read more