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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > technology > consumers-want-ai-speed-and-a-human-agent--and-most-are-not-willing-to-accept-just-one-589404.aspx

Consumers want AI speed and a human agent - and most are not willing to accept just one

2+ day, 4+ hour ago   (508+ words) A national survey commissioned by the Independent Insurance Agents & Brokers of America found that 87% of consumers said having a dedicated human insurance agent remains important even as companies accelerate AI adoption. The survey, conducted by Mfour Data Research, also found…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > pep-growth-is-outpacing-employer-understanding-of-fiduciary-risk-587157.aspx

PEP growth is outpacing employer understanding of fiduciary risk

2+ day, 18+ hour ago   (1303+ words) The pooled employer plan (PEP) market is in the midst of a rapid expansion. According to Cerulli Associates, the number of PEPs more than tripled between 2021 and 2024, and adoption continues to accelerate, particularly among smaller employers who find the administrative…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > turnover-climbs-as-employers-plan-growth-on-constrained-workforces-589309.aspx

Turnover climbs as employers plan growth on constrained workforces

3+ day, 1+ hour ago   (296+ words) Nearly two-thirds of US employers reported annual turnover of 10 percent or higher in 2025, according to a new Gallagher workforce trends report. Most of those same organizations expect revenue to grow by 2027 without a proportionate increase in headcount. That gap shapes…...

Insurance Business
insurancebusinessmag.com > uk > news > technology > only-1-in-4-insurers-are-scaling-ai-beyond-pilot-projects--accenture-589259.aspx

Only 1 in 4 insurers are scaling AI beyond pilot projects — Accenture

3+ day, 59+ min ago   (335+ words) Most insurers are using AI to improve today's performance, but fewer than one in four are scaling it to reinvent their future business, according to new Accenture research. The report, How Insurers Drive Revenue by Deploying AI with Intent, found…...

Insurance Business
insurancebusinessmag.com > au > news > technology > the-ai-people-like-best-in-the-us-isnt-necessarily-the-one-australian-insurers-are-building-on-587996.aspx

The AI people like best in the US isn't necessarily the one Australian insurers are building on

1+ week, 5+ day ago   (300+ words) It's tempting to read a US satisfaction ranking straight across into Australian procurement advice. That would be a mistake, for a couple of reasons specific to this market. That's one sign the local market is watching US AI-distribution news as…...

Insurance Business
insurancebusinessmag.com > uk > news > cyber > bank-of-england-chief-warns-ai-cyber-risk-threatens-financial-stability-587969.aspx

Bank of England chief warns AI cyber risk threatens financial stability

1+ week, 5+ day ago   (423+ words) Andrew Bailey has just told the G20 something the London cyber market has been quietly worried about for a while: that AI could change the maths of a cyber attack so fundamentally it puts the whole financial system at risk, not…...

Insurance Business
insurancebusinessmag.com > ca > news > technology > ai-efficiency-gains-mean-nothing-if-insurers-target-headcount-before-examining-the-work-586538.aspx

AI efficiency gains mean nothing if insurers target headcount before examining the work

3+ week, 3+ day ago   (698+ words) As Canadian insurers weigh how to handle the efficiencies generated by AI adoption, there's no single playbook that applies across the industry, according to Sonia Sood (pictured), national human capital insurance leader at Deloitte. What an organization chooses to do…...

Insurance Business
insurancebusinessmag.com > us > news > mergers-acquisitions > kentucky-family-agency-sale-shows-deal-prices-holding-firm-586180.aspx

Kentucky family agency sale shows deal prices holding firm

4+ week, 1+ day ago   (522+ words) Cole Tynes just sold a business that has operated under family leadership since 1926, and the terms he got aren't public. But the market data around his deal is, and it tells a story worth more attention than the acquisition itself....