Claims & Reserving
U.S. Commercial Lines Could Produce Small Underwriting Profit in 2018: Fitch Ratings
After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new ...
How Data Analytics Can Enhance the Customer’s Claim Experience
Claims form the core of the relationship between insurance companies and their customers. Every claim is an opportunity for insurers to demonstrate their value, strengthen customer loyalty and boost ...
How to Identify and Overcome Bias in a Predictive Model
This is the first in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. Becoming a ...
Commercial Property Insurance Rate Hikes Easing From Early Spikes: Willis Towers Watson
Commercial property insurance rate increases are easing off initial spikes following 2017's record natural catastrophe losses, but commercial insurance buyers still face upward pricing pressure on ...
Uber Self-Driving Car Fatality: Daughter of Victim Settles, Other Family Retain Lawyer
More family members of a woman killed by an Uber Technologies Inc self-driving vehicle have hired legal counsel, indicating the ride services firm's legal problems may not be over in the first ...
When to Use Chatbots in Insurance
New technologies generate a great deal of excitement, and there's a positive buzz right now about the potential impact of artificial intelligence, machine learning and automation in the insurance ...
5 Auto Insurance Trends to Watch in 2018
Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for ...
Latency Catastrophe and the Occurrence Form
Over the last 30 years, natural catastrophe modeling has transformed property insurance. When Hurricane Andrew devastated Florida in August 1992, seven domestic insurance companies and one foreign ...