Underwriting
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Pairing Underwriters With Machines
Risk assessment has always been one of the most challenging and time-consuming pieces of the underwriting process, but with the help of machine learning, natural language understanding (NLU) and ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
Battle Comes Closer Over New U.S. Rule on Class Action Lawsuits
A U.S. rule years in the making that was intended to restore consumers' ability to band together to sue financial companies could unravel in just a few months as the heads of two federal agencies ...
Travelers Adds Smartphone App to Usage-Based Auto Insurance Option
Travelers is debuting a smartphone app designed to go with its usage-based auto insurance coverage, with an initial launch in two states. Participating customers who use the app and drive safely can ...
The Latest Launches From Nationwide and Willis Towers Watson
Nationwide added a function to Amazon Alexa that lets subscribers of its usage base auto insurance program access data via voice command. Willis Towers Watson is debuting a virtual, actuarial ...
Brexit Moves Likely After Year-End, UK Financial Watchdog Predicts
Financial firms are waiting until the end of the year before moving staff and business ahead of Britain's departure from the European Union in 2019, the country's markets watchdog said. Banks, asset ...
H1 Natural Disaster Claims Reached $19.5B, Plunging From Previous Year: Munich Re
Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday. ...
Insurers Beat Other Industries on Shareholder Value, but Their Lead Could End
The insurance sector is beating other industries on delivering shareholder value but insurers may find this more difficult to do going forward unless they adjust their game plan. According to the ...