Technology & Analytics
Predictive Analytics Help Commercial Lines Insurers Boost Profit, Reduce Underwriting Volatility: A.M. Best
The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best concluded in a new special ...
Digital Transformation in Underwriting: What It Means and How to Get There
Every part of the insurance industry is talking about digital transformation. Underwriting, the traditional heart of the insurance enterprise, is no exception. Because this idea is discussed so ...
Why Improved Auto Technology Is Creating Underwriting Challenges
Automobiles are so solidly made now that they're safer and lasting far longer than their predecessors. Their durability is delaying wider use of even better technology, however, a trend that will ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...
Four Types of Artificial Intelligence: How to Decide Which One to Apply to Commercial Insurance Decisions
As artificial intelligence (AI) gains more widespread adoption in insurance and other industries, we see four distinct uses for it. In this article, we examine them and describe some current and ...
Blockchain Gives Life to a 300-Year-Old Idea
Blockchain technology is actually a new way to pursue an insurance distribution system that existed 300 years ago, an expert at Willis Towers Watson said. "This works like the way we used to do ...
B3i Blockchain Industry Collaboration Morphs Into a Startup Company
An international multicarrier collaboration focused on testing the potential of blockchain in the industry has incorporated as a startup company. The Blockchain Insurance Industry Initiative (B3i) ...
Leading a Technology Company: A New Challenge for Insurance Carrier Execs
YouTube videos featuring insurance company chief executives can be revealing. Take the comments of Allianz CEO Oliver Bäte on his recent listening tour published to the group's YouTube channel Nov. ...