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‘Root’ of the Problem: Why One InsurTech’s Loss Ratios Still Disappoint
In the first part of this four-part article, we revealed that Root—currently the fastest growing carrier of three VC-backed InsurTechs we've been tracking—also posted the worst loss ratio result ...
Commercial Auto: An Old Dog Up to New Tricks
For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot ...
DOT’s New Policy on Automated Vehicles: Why Carriers Need to Act Now
Any hope that the government would help stall the evolution of automation in the automotive industry is now gone. Earlier this month, the United States Department of Transportation (DOT) released ...
Carrier Predictive Analytics Initiatives: Telling a Clear Story to Agents
This is the fifth in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. Using technology ...
Insurers: The First and Next Alternative Data Innovators?
The world is in the middle of a data explosion. The quantity of data being generated and collected is increasing exponentially. Every company is now a data company, obsessively measuring, tracking ...
Creating a Culture for a Digital Age: A How-To Guide for P/C Insurers
A company culture that can meet the demands of a digital age will make or break a company, no matter size, industry or geographic location. While waiting for cultural change to occur within your ...
Chubb’s Chief Culture Officer Leads by Example
Holding the position of chief culture officer is no easy task. It takes flexibility, empathy and an inherent ability to listen—to both what is said and unsaid. With a background in retail banking, ...
InsurTech vs. Incumbents: What’s Really Different About Their Cultures?
Although strategies putting growth before profit instead of profit-first schemes may set InsurTech startups apart from established players in personal and commercial insurance lines, there's less of ...