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Why Auto Insurance Companies Should Drop Credit Score
COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions have lost their jobs, and research shows that historically under-resourced ...
Breaking The Silence: A Black InsurTech Founder’s Story
As the founder of a data and analytics InsurTech focused on the commercial auto insurance space, I knew fundraising would be a challenge. Commercial auto insurance has been unprofitable for years, ...
Insurance Today and Tomorrow: A Deep Dive Into RPA, AI and Blockchain
Carriers will find themselves facing another series of unprecedented challenges heading into 2021. S&P predicted in July that the U.S. P/C industry will see a 100.7 combined ratio in 2020, ...
Was COVID-19 Really a Business Interruption Wake-Up Call?
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...
Why the Insurance Industry Can’t Risk Downplaying Inclusion
Disasters such as the Space Shuttle Challenger explosion and the Chernobyl nuclear accident are said to have involved flawed decisions, driven by individual perceptions. Not surprisingly, ...
The Dos and Don’ts of Digital Transformation: A Guide for Insurance Companies
One year ago, as insurers looked toward the start of a new decade, the industry was beginning to hit its digital stride. Long seen as technological laggards, insurers ramped up their investments in ...
CM Exclusive: Google’s Insurance Strategy Could Be a Game Changer
The announcement that Dr. Henna Karna, formerly global chief data officer at insurer AXA XL, had been retained by Google to lead a new insurance initiative was greeted by the insurance and InsurTech ...
BI Innovation Coming Soon: Low-Limit Policies From InsurTech Thimble
See a need and then fill it. That's the secret of most successful businesses—and that was the driving motivator of InsurTech Thimble, which is currently working on coverage for small business ...