Improving Combined Ratios in P&C Insurance Will Require a Multifaceted Approach
Despite rises in premiums, P&C insurers are struggling to stay profitable. Growing losses are outpacing premium hikes, and individual catastrophe events are happening... Read more.
Why Leveraging Smart Home Device Data is a Smart Move for Home Insurers
Recognizing the opportunity to benefit, many insurance carriers have already formed partnerships with Internet of Things (IoT) smart tech providers. ... Read more.
Harnessing Wearable Technology in Life Insurance
This article offers a snapshot of what’s becoming possible in life insurance due to advances in wearables technology. That said, there are some challenges. ... Read more.
Telematics Data Will Shake Up the Auto Insurance Industry
The potential for telematics data to change the way the auto insurance industry underwrites and processes claims is only going to grow.... Read more.
Beyond Demographics: The Benefits of Data-Driven Segmentation in Insurance
Tech-savvy insurance companies are already using advanced segmentation techniques to tailor customer interactions.... Read more.
Building-Based Geocoding Helps P&C Insurers Assess Climate Change Risk
As the frequency and severity of natural disasters rises due to climate change, property and casualty insurers are facing immense risk when it comes to insuring... Read more.
The Role of Driving Simulators in Risk Calculations in Auto Insurance
Driving simulators aren’t new to the auto industry. From testing new vehicles’ performance and design to evaluating automated driving technologies and driver... Read more.
The Promise (and Reality) of Blockchain Adoption in Reinsurance
Today, the reinsurance process is rife with tedious manual work, one-off-contracts, and months of back-and-forth communication before contract signings are complete.... Read more.
P&C Insurers with Aerial Imagery Technology
In July 2023, a California homeowner made headlines after his longtime home insurance carrier terminated his policy. He’s not the only one—California is facing... Read more.
Why Colorado’s Life Insurance Regulation is an AI Governance Game-Changer
Colorado continues to make waves as it moves forward with a first-of-its-kind U.S. law regulating how life insurers operating in the state (including many major... Read more.