FNO: InsureTech
Ep 261: A.I., inflation, and IoT in Insurance
Jun 28, 2024
Hosts Rob and Lee discuss topics such as homeowners insurance, inflation, and the impact of A.I. in the insurance industry. They explore challenges in shopping for insurance, the value of human agents, and reflections on technological advancements. The conversation delves into the importance of proper coverage and the transformative potential of A.I.
25:49
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Quick takeaways
- Homeowner insurance not factored into inflation calculations, leading to premium increases.
- AI in insurance poses risks like falsified claims and manipulated media, requiring vigilant monitoring.
Deep dives
Impact of Homeowner Insurance Inflation
Homeowner insurance is not factored into inflation calculations, leading to significant increases in premiums that many policyholders may not be fully aware of due to payments being made through their mortgage. The rising costs of homeowner insurance, especially in comparison to auto insurance, highlight the need for individuals to reassess the value of their homes and ensure that their coverage aligns with current property values to avoid being underinsured.
