Insurtech
Underwriters need AI to get out from between a rock and a hard place
Underwriters can often be stuck between a rock and a hard place – the need for speed on one side, and the limits to review accurately on the other.
Algorithmic underwriting in specialty insurance: An implementation guide in six case studies
This guide focuses on how to implement algorithmic decision-making in the underwriting process for specialty insurance and how to evolve over time by adding new data sets as well as refining the algorithms.
Guidewire Connections 2022: Collaborating and sharing stories to engage, innovate, and grow efficiently
Guidewire recently hosted its 18th annual Connections user conference in Las Vegas.
Customer satisfaction as a driver for policyholder retention - how does it work?
Insurance premiums are rising due to inflation, which typically drives down policyholder satisfaction.
Infographic: UK pet insurance at a glance
The pet insurance market is a rapidly growing segment. However, the biggest challenges pet insurers face in attracting customers are rising premium costs and building trust among consumers.
Use AI to align complex claims with experienced adjusters
Claims handlers and adjusters have varying levels of experience and a range of specialties. This blog highlights how insurers can use AI to utilise these abilities most efficiently by aligning complex claims with experienced adjusters.
Marketplaces and exchanges: Ten ways they are reshaping insurance
The insurance industry is going to have to confront the fact that there are and will continue to be a myriad of marketplaces – those already established plus new marketplaces using innovative approaches.
Disruption from automotive original equipment manufacturers 'wildly interesting': Guidewire's Mullen
In this short news story, John Mullen, president and chief revenue officer at Guidewire highlights why automotive OEMs getting into the insurance space is the best example of disruption because it trials all the way through the insurance lifecycle.
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.
For the record: Lemonade joins the ABI; Lexis Nexis expands to Ireland; Jensten acquires Bennetts
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
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?
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.
Blog: Evolution, not revolution, is the way forward for insurtech
With seven in 10 digital projects not delivering on what they promise, it’s time to step back and take a more measured approach to digital innovation, argues André Symes, co-CEO of Genasys.
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.
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.