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An Aerial View Into Reducing Claims Leakage
Claims can be a high-stress and high-stakes process for carriers and policyholders. Often called the "moment of truth," the claims process can dictate the moment when the client is secured for life ...
Pay-As-You-Go Cargo MGA Closing Insurance Gap for Shippers
Small and medium-sized businesses, which make up a huge portion of freight moved globally, have long struggled with underinsurance because traditional insurance products just have not met their ...
The Secret Life of an InsurTech CEO Leading a $5B Cybersecurity MGA
In the early aughts, when Shardul Shah first met technology entrepreneur Joshua Motta as undergraduates at the University of Chicago, Motta seemed unusually reserved. "I found it challenging to meet ...
Tractable’s Next Move: AI Property Claims Assessment Before Damage Photos
Tractable, an InsurTech that revs up auto claims assessment processes using artificial intelligence that's trained on photos of dented cars, is now teaching machines to handle property disaster ...
How AI Estimating Helps Auto Insurers in Inflationary Times
According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a ...
How Insurers Can Retain Skilled IT Talent With Workload Automation and Orchestration
Insurance companies faced a growing labor shortage before the pandemic, but now the challenge of hiring and retaining skilled workers is even more significant. In late 2021, millions of Americans ...
How to Avoid Ghosting: Move Fast, But Not Too Fast, to Hire
Property/casualty insurance carriers looking to hire talent in 2022 need to move quickly to snap up in-demand professionals, including sought-after claims professionals and underwriters with multiple ...
Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an ...