
behavioral economics News


Supporting Underwriting, Claims Decisions With the Science of Behavioral Economics
Successful insurance product administration requires consistent, accurate decisions from the evaluation of submissions at underwriting to the adjudication of claims. Effective decision operations are ...
Using Behavioral Economics to Improve P/C Insurance Outcomes
The sensors in your house track your habits and convey them to your insurer, who underwrites your homeowners policy. A customer signs an "honesty pledge" and then reports a claim to the insurer. ...
How Insurance Executives Can Harness the Power of Behavioral Economics
Property/casualty insurers, whether they know it or not, are well-schooled in behavioral economics. We used to intuitively understand business success was about customer relationships and driving a ...
Lemonade Secures $120M in New Financing to Fuel Global Expansion
Digital insurer Lemonade Inc. announced a $120 million Series C funding round it will use to help accelerate a global expansion in 2018. SoftBank Group led the round, joined by existing investors ...