Features
Breaking the Cycle of Reduced Profitability
The property/casualty insurance industry is wrestling with a troubling paradox: how to cut costs without compromising quality. The U.S. P/C Composite rate was down 4 percent in December 2015, ...
Gaining Value From Big Data Analytics: What It Takes to Get There
Big data analytics can be immensely valuable for organizations across industry sectors, but for many, achieving that value has been difficult. Progress has been constrained by legacy issues in some ...
Verisk CEO: Emerging Tech’s Innovations for Insurers
From drones hovering overhead to connected cars on the roads around us, rapid advances in technology are leading to radical new practices in business and science. These advances may bring benefits ...
Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator
Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper. Today, the focus is on creating an environment that supports ...
Anyone Can Create a Strategy; Holding It Is the Most Important Part
Insurance leaders trying to learn the secrets behind successful business strategy should consider a classic lesson from TV's "Seinfeld." To reword slightly, "See, you know how to create the strategy, ...
If the Insurance Industry Were Netflix, Amazon or Apple
Like Netflix, Amazon and Apple, property/casualty insurers have been using analytics to understand their customers, but the similarity probably ends there for most insurers, one carrier analytics ...
Opinion: The Rising Tide of Digital Distribution and What It Means for P/C Insurers
The insurance industry is at a crossroads in its digital distribution transformation. When shopping for insurance, consumers increasingly look to carriers that can offer new channels of engagement, ...
How to Use Big Data to Prevent Claims Instead of Paying Them
With policyholders carrying barometers disguised as smartphones in their pockets every day and telematics devices capturing car locations, insurers and their customers stand to gain big benefits from ...