Features
Where Is the InsurTech Capital of the World?
There was a time not so long ago when Hartford, Conn., was widely known as the "Insurance Capital of the World." These days, Hartford has work to do to reclaim that title. But with insurance ...
Firsthand Knowledge of Industry’s Problems Led Peterman and Volk to Develop Model for InsurePal
After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had firsthand experience of the industry's systemic problems with fraud and rising premiums. They decided ...
Startup Bets on Underwriting By Friends and Family
InsurTech startup InsurePal (now known as VouchForMe) is developing an insurance platform that aims to revolutionize the industry's model for risk selection and fraud prevention by "social proofing" ...
Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways
Nearly 30 years ago the Fair Isaac Corporation ("FICO") first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market ...
6 Qualities of a Strong Insurance Leader
Sometimes leadership sneaks up on us. It starts out with our volunteering on a committee or speaking up at a meeting. Someone may nudge us at first, giving us encouragement. Or perhaps we raise our ...
The Act of Automation: Proven Technologies Streamline Reconciliation and Reduce Risk
As InsurTech makes slow but steady inroads in the insurance industry, the focus is now on cutting inefficiencies and streamlining workflows—things that can be done today with proven technologies ...
Disruption Survival Guide: Why Insurers Need to Craft Broader Business Definitions
How companies define their businesses can help determine their long-term success and even survival. Turn-of-the-previous-century buggy whip and bicycle manufacturers are often cited as examples of ...
Industry Needs to Join InsurTech Wave to Digitize Insurance: AFL’s Esser
There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we ...