Technology
Business case for reinsurance administration automation
A recent survey found that insurers initially thought they were successfully managing their reinsurance programs, only to discover that, at best, they could not provide accurate snapshots and projections.
Video: Enabling proactive wildfire protection
Are insurance companies ready for rising global wildfire risk? In this video, Laura Drabik, chief evangelist at Guidewire Software reveals how insurers can proactively meet this pressing threat to the people they protect everywhere.
Amazon entry into UK insurance not the threat it was expected to be: Guidewire's Ryu
Guidewire’s co-founder and chairman Marcus Ryu believes UK insurance companies are much more “sophisticated” and “better placed” than they were 30 years ago, and new entrants such as Amazon are not a threat they were once expected to be.
Analysis: Top insurtechs report combined £100m in losses and £200m in debt
Firms across the insurtech sector continue to report large losses and debts, from SMEs and micro-companies to the UK's two insurtech unicorns.
Customer story: Underwriting risk detection
This case study highlights how Shift’s AI detection solution enabled a European P&C insurer to improve its underwriting processes by identifying fraudulent or misrepresented policies in their portfolio.
Assurant customer story: Leveraging AI to detect and mitigate fraud
Assurant’s leadership knew that technologies such as AI powered fraud detection would become invaluable to insurance and began evaluating methods to become an industry innovator.
Best of both: Bundling parametric with indemnity insurance
Parametric insurance is often bought as a complement to indemnity insurance, but hybrid products combining parametric and indemnity insurance in the same policy launched in 2022.
Five ways the cost-of-living crisis is impacting insurance fraud
Will the cost-of-living crisis lead to more fraud? Insurance Post and LexisNexis Risk Solutions surveyed the insurance market to assess how the current crisis is impacting fraud.
Improving customer trust in quality data
This content explores the most important findings from the Insurance Post Fraud Survey Report 2022.
Risk detection made better for underwriters
How can underwriters become empowered to make better decisions faster?
CII appoints chief digital and information officer following data breach
Mathew Mallett has been named chief digital and information officer at the Chartered Insurance Institute.
Video: Accelerating speed to market for P&C products
Speed to market is a top priority for all P&C insurers. This video discusses how insurers can get new or modified products to market quickly by overcoming existing barriers.
Five key points to consider in developing next-generation risk models
Most insurers are invested in developing risk models but many are failing to progress their models and expand their application over time.
Disruption from automotive OEM’s ‘wildly interesting’: Guidewire’s Mullen
Automotive original equipment manufacturers getting into insurance space is the “best example” of disruption because it “trials all the way through insurance lifecycle,” said John Mullen, president and chief revenue officer at Guidewire.
Blog: Electric aircraft – the new technology is now on the horizon
With climate change and sustainability flying high on the agenda, the electrification of aircraft is much anticipated. And while we’re some way from seeing fully electric commercial aircraft, Andrew Southall, senior aviation surveyor at McLarens Aviation…
Not moving to the cloud ‘slightly illogical’, Guidewire conference hears
Guidewire CEO Mike Rosenbaum stresses commitment to move 100% of Guidewire customers to the cloud, as not doing so is “slightly illogical”.
AI and digital transformation in insurance - considerations for P&C insurers
Insurers are concerned that their rivals will overtake them in the technological arms race – but they’re also concerned that bad actors will exploit new technology.
Will the cost-of-living crisis lead to more insurance fraud?
With the cost-of-living crisis escalating for many households as winter approaches, the insurance sector is preparing itself for a wave of fraudulent claims from both opportunistic and organised sources.
Tech trends video: Augmented and virtual reality
From employee training, to customer engagement, to remote inspections and beyond, augmented reality and virtual reality are powering eye-popping new capabilities for P&C insurers - and sending customer satisfaction ratings through the roof.
Composable technology - why flexibility matters for growing UK insurers
In today’s economic environment, the most successful insurance businesses will be those who listen to their customers and respond decisively.
Moving to the cloud is reshaping the insurance industry
With many employees working from home and digital business on the rise, insurers need a solution for managing, data, core systems and organisational needs. This whitepaper discusses the benefits of cloud computing for insurance companies.
Shift technology insurance perspectives - Claims management
Claims specialists face making myriad decisions every day, yet the information they need to make the best decisions possible is often locked away in the various documents that drive the claims process.
Insurance claims research: The path to digitisation
A Post and SS&C Blue Prism survey found that 86.8% of insurer respondents believe that digitising all or part of the claims journey is the best way to improve the customer experience.
Case study: Underwriting modernisation for business agility
A Fortune 100 multi-line insurance carrier needed to simplify its legacy infrastructure and enable the reuse of business logic across the organisation.