Predict & Prevent

In theory, increasing insurance premiums signals rising risk and spurs action that mitigates disasters like California's fires. In practice, climate is changing too fast, and government is being too slow.

The winners of the Global Innovation Awards, which the International Insurance Society and ITL handed out last week, suggest a revealing theme. 

Earth observation technology emerges as a crucial tool in predicting and fighting wildfires.

As the industry keeps making progress on reducing injuries, Bill Zachry describes how AI and other technologies can take workers' comp to a whole new level. 

Action is the order of the day. At the country, company, and individual levels, we need to talk less and do more. 

AI is beginning to be incorporated into products and may take on much more sophisticated operational tasks, acting as a semi-autonomous agent for a user. 

"What happens if you set a region full of technology entrepreneurs and investors on fire? They start companies."

Facing increasingly unpredictable and destructive wildfires, insurers grapple with complex challenges in risk assessment, coverage, and claims response.