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Why Insurers Struggle to Turn Data Into Actionable Intelligence for Strategy Moves
Artificial intelligence is having a positive impact on the industry. There are substantial use cases in almost every part of the insurance business, from policy administration and claims to customer ...
How to Evaluate Imagery-Based AI Solutions
It's been broadly established that imagery-derived data provides benefits to both property insurers and reinsurers, across a variety of use cases. These use cases touch most aspects of the carrier ...
How Root Insurance Did What Other Insurers Only Imagined
Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The ...
A Passion for Insurance: Growing Up in the Business
Alex Timm's path to the C-Suite of an InsurTech carrier probably isn't typical. Unlike other InsurTechs headed by technology experts or marketing officers from outside the insurance industry, Timm is ...
Did You Know? Auto and Renters Risks Correlated
To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...
Lloyd’s First Syndicate-in-a-Box Aims to Be an Innovation Lab: Munich Re
Lloyd's of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd's and, ultimately, ...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
Lloyd's developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional ...
InsurTech Ecosystem: Value Beyond Technologies
In recent years, we've seen significant investments flow into the InsurTech ecosystem, creating thousands of new technology tools. Yet it's this same volume that's leaving many carriers overwhelmed ...