Given the forecast transition from El Niño to La Niña, meteorologists predict 2024 will feature yet another active season for hail events and other severe convective ...
No doubt, AI is a hot topic in the insurance world these days. It brings so many possibilities to make us more effective and efficient.
At most insurance companies, especially the largest and oldest, data is extremely disorganized. Many carriers have five or more policy admin systems due to acquisitions. ...
"Innovative" is not the word I'd use to describe the personal lines insurance space. Industry veterans even affectionately refer to insurance carriers as "slow first ...
Last year, U.S. P/C insurers incurred a $21.2 billion net underwriting loss, only slightly improved from a $24.9 billion underwriting loss recorded in 2022. Roughly $65 ...
Three technologies are having a profound impact on how insurance can help manage and mitigate risk:
Internet of Things (IoT) technology is supplying large amounts of ...
Leading insurers have automated underwriting for small commercial lines by applying new data sources and advanced analytics, following the successful automation of ...
