Can Violations of the California Consumer Privacy Act Be Insured?
The California Consumer Privacy Act of 2018 (CCPA) took effect on Jan. 1, 2020, and compliance departments across the United States now have some work to do. This is especially ...
Underwriting & Pricing
XCover and XClaim: The Nuts and Bolts of Cover Genius
Cover Genius has a broad vision: To protect all the customers of the world's largest online companies. According to the InsurTech's website, it currently sells "millions of policies per year in ...
Why Insurers Struggle to Turn Data Into Actionable Intelligence for Strategy Moves
Artificial intelligence is having a positive impact on the industry. There are substantial use cases in almost every part of the insurance business, from policy administration and claims to customer ...
How to Evaluate Imagery-Based AI Solutions
It's been broadly established that imagery-derived data provides benefits to both property insurers and reinsurers, across a variety of use cases. These use cases touch most aspects of the carrier ...
Did You Know? Auto and Renters Risks Correlated
To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
Lloyd's developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional ...
Legacy Processes No More: Insurers Engaged in Wide-Scale Efforts to Optimize Antiquated Processes
There's two ways for an insurance company to boost profits. The first option is to price products higher, and the second is to reduce operating expenses. Option No. 1 can be a dicey proposition, as ...
Dowling Highlights Regulatory Battle Over AI Bias; Lemonade Ready
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into "one of the biggest topics of the next 10 years," a ...
Machine Learning Today and Tomorrow
It is difficult to open an insurance industry newsletter these days without seeing some reference to machine learning or its cousin artificial intelligence and how they will revolutionize the ...