Why Insurance Copilots Fail, and How Contextual RAG Changes the Game
Even when technologies are new, you hear some stories again and again. The details differ, but the shape of them is the same.
Even when technologies are new, you hear some stories again and again. The details differ, but the shape of them is the same.
Insurers are automating decisions faster than they are building the infrastructure needed to verify the information behind them, according to new research from Clearspeed, the voice-based risk assessment provider.
The insurance industry should be prepared to withstand $171bn in insured catastrophe losses on average in a given year, according to Verisk's 2026 Global Modelled Catastrophe Losses Report. That figure is up $19bn from a year ago, and the highest estimate Verisk has reported to date.
Vienna Insurance Group (VIG) has reported a 20.7% rise in result before taxes to €641.5m for the first half of 2026, driven primarily by a strong total capital investment result and an improved net combined ratio.
AUB Group's International division was the standout performer in the group's FY26 results, released to the Australian Securities Exchange today, lifting underlying net profit before tax 19.6% to A$124.5m and expanding EBIT margin by 410 basis points to 27.6%.
GEICO reported an underwriting profit of $994 million for the first half of 2026, down approximately 45% from the same period a year earlier, as higher claims and underwriting expenses put pressure on results.