Why P&C Insurers are Prioritizing Data and Predictive Analytics Technology
Sophisticated data and predictive analytics are quickly becoming table stakes in the P&C insurance sector. Insurance carriers that tap into predictive analytics tools can differentiate themselves in a crowded market while improving underwriting, customer segmentation, and personalization.
The AI Revolution is Here: Key Takeaways for Insurance Claims Executives
Insurance claims is a domain where GenAI may be inappropriate for certain tasks. Therefore, governance and change management will be especially important to ensure thoughtful integration of GenAI into appropriate tasks
How Technology Can Help Close Flood Insurance Gap
The at-risk state of the National Flood Insurance Program is just the tip of the iceberg when it comes to the challenges of pricing flood risk and increasing coverage in the U.S. However, some insurance industry players think that technology could be part of the solution. Photo courtesy Envato
How Gamification Can Level Up Policyholder Engagement in Life Insurance
Gamification may be one way to increase consumer engagement among insurance consumers, especially among younger ones.
House Members Grill Regulators Over Fintech Efforts
At a House Financial Services Committee hearing last week, members spent their time venting their frustrations and wondering out loud whether these agencies’ oversight of the rapid technological advancements in financial markets and services is working as intended.
Banks and Insurers Navigate a Divided Future as GenAI Emerges as Both Friend and Foe
Generative Artificial Intelligence (GenAI) has emerged as a pivotal force, sparking a profound division among financial institution and insurance industry leaders regarding its value and impact. The technology is causing excitement, apprehension, and uncertainty.
Leveraging Geospatial Analytics for Hazard Scores in P&C Insurance
As losses grow, some insurance companies are advocating for more granular location-based risk scoring: geospatial hazard scores.
Driving Modernization in Life Insurance with Insurtech Partnerships
How have life insurance companies collaborated with insurtechs to tackle some of the industry’s top modernization priorities?
Understanding the ‘E’ in ESG: Net-Zero and Climate Risk Reporting in Insurance
Proposed climate risk reporting requirements have the ‘E’ in ‘ESG’ in the spotlight, making it crucial for insurers to develop strategies around greenhouse gas emission reduction and climate neutrality. Those that do could boast a competitive advantage over other carriers.
How Technology Can Help Insurance Carriers Display Empathy Across the Claims Lifecycle
How can technology help insurers display more empathy? While it may seem counterintuitive, the emergence of AI and other forms of tech has opened up new opportunities for insurers to display empathy and humanity to their policyholders in the moments they need it most.