Features
Decoding the Hidden Value of Unstructured Text Data
Data science is about supporting decisions with insights, advice or predictions based on rigorous analysis of prior business facts, decisions and outcomes. One of the biggest challenges for insurers ...Text Mining Illustrative Example
The clearest insurance application in text mining is in the claims department. Each claim, especially those that involve bodily injury, can be complex, resulting in a large volume of reports and ...
How Chubb’s Marketplace Works With InsurTechs
Since late 2017, Chubb has been working on "digitizing the agent experience" for traditional agents with the Chubb Marketplace. But Chubb's small business digital distribution strategy also includes ...
Inside Chubb’s Agency-Centric Digital Marketplace and Its Digital Strategy
In a display of activity that could make InsurTechs jealous, some 900-1,000 agents log onto Chubb Marketplace daily. The Marketplace, a project that is "digitizing the agent experience" in ...
Move Over InsurTechs: Chubb’s Digital Marketplace Is Live and Serving 1,000 Agents a Day
Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, ...
Chubb Marketplace: Design Principles and Key Features
According to Bennett "BC" Verniero, senior vice president of Business Solution Architecture at Chubb, there are four major principles that have guided the development and evolution of the company's ...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the ...
Hurricane Florence Demonstrates Perils of Being Underinsured/ Uninsured, Says RMS
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. "The ...