How insurers can win the race to AI maturity | Insurance coverage Weblog
Synthetic intelligence has been round because the Nineteen Fifties, however over the past a number of years the enterprise potential of AI has expanded dramatically. We now reside in a world the place massive information and highly effective computational capabilities enable AI to flourish. Firms—together with insurance coverage carriers—are investing in establishing information lakes, optimizing […]
Insurance coverage Information: 2022 in evaluation | Insurance coverage Weblog
As we close to the tip of 2022, the insurance coverage trade is responding to disruption throughout all strains of enterprise. From clients involved about crypto losses to employers nonetheless assessing the dangers of COVID-19, insurers are discovering methods to supply safety. On this last Insurance coverage Information Evaluation of the yr, Abbey Compton and […]
Triple-I Weblog | Triple-I City Corridor Amplified Callsto Assault Local weather Threat
By Jeff Dunsavage, Senior Analysis Analyst, Triple-I I’m happy and proud to have been a part of Triple-I’s City Corridor — “Attacking the Threat Disaster” — in Washington, D.C. In an intimate setting on the Mayflower Lodge on November 30, 120-plus attendees received to listen to from specialists representing insurance coverage, authorities, academia, nonprofits, and […]
Why sensible insurers are modernizing their mainframe now | Insurance coverage Weblog
In a market that calls on insurers to be agile and digitize at scale, an insurer’s mainframe can both catalyze or inhibit progress. Whereas the mainframe was as soon as a invaluable core technological perform, many legacy mainframes lack the agility to fulfill the calls for of buyer expectations and speedy digital progress. The decision […]
3 life insurance coverage underwriting predictions for 2023 | Insurance coverage Weblog
Because the insurance coverage trade continues to navigate the tempo of change, complexity and uncertainty in our world, shoppers proceed to reply, anticipating corporations to be extra attentive to their wants. This yr’s underwriting predictions provide steerage on how carriers can reply sooner. 1. Evolving cognitive applied sciences will assist insurers seize alternative from extra […]
Insurance coverage Information: Driving telematics past the pricing lane | Insurance coverage Weblog
Inflation and cost-of-living headlines are on the rise. Such discussions typically embrace will increase in automobile insurance coverage charges and potential financial savings to be present in pay-as-you-drive insurance policies, however knowledge from automobile telematics can drive worth far past pricing. On this Insurance coverage Information Evaluation, Abbey Compton and I are joined by David […]
Insurance coverage Information: Generative AI expertise, effectivity and threat | Insurance coverage Weblog
Day by day we see headlines about generative AI. For the insurance coverage business, this expertise gives acceleration in lots of areas through which AI-led transformation is already underway. However, like all rising expertise, it additionally introduces new areas of threat. On this Insurance coverage Information Evaluation, Abbey Compton and I are joined by Daria […]