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Underwriting
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The potential benefits of automated systems for new business and underwriting – in terms of speed, accuracy, cost reduction and improved service – make for a compelling value proposition.Be the first to comment
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At a time when the auto insurance industry is evaluating the potential impact of autonomous vehicles, there are actually "flying cars" being produced.
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There is a great opportunity to more effectively utilize actuaries’ advanced analytics and modelling expertise, and thereby change actuaries’ role from scorekeeping to one in which they create a significant, information-driven competitive advantage for the organization.
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Pandey seeks to build on his successful enhancements to agent ease of doing business undertaken during his tenure as CIO of Donegal Insurance Group.
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The next generation of underwriting talent will grow and thrive not by the oral history passed along from the prior generation, but by the ability to provide an environment fueled by superior rules, insight-driven analytics, real-time collaboration and faster execution.
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The newly rebranded vendor's InsureRight offering, now covering all lines of business, is designed to give carriers statistically valid portfolio insights that they can distribute to individual underwriters in a simple, easy-to-understand language.
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Genworth U.S. Life Companies reduces new policy cycle times from about 25 days to an average of eight by adopting Aplifi's multi-carrier electronic settlement platform.
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The software business of Xchanging is offering an end-to-end module-based solution built on a single data model.
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In this position, Paul Halter will work on expanding the business's footprint.
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Policy holders concentrated by type and geography are among the reasons mutual insurers are more susceptible to catastrophe claims challenges, but proactive measures and technology solutions can enable carriers to compensate, according to Willis Re.
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The attack introduced new risks into social life, which will ultimately affect risk management, security measures and insurance.
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Implementing a consolidated litigation management solution helps insurers trim claim expense costs, streamline and automate workflows, and enforce best practices throughout the claims discipline.
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Over the last few years, there has been increasingly industry buzz about capability models, enterprise business frameworks, reference models, etc. What are they, how can organizations benefit from them, and what types of projects can leverage them?
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Larry Madge was last CFO of the company's U.S. subsidiary.
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Lisa Murman is responsible for planning and developing underwriting and process automation solutions.
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Changes at CNO will support the company's focus on the customer by creating a strategic marketing organization that leverages customer analytics, leads, and products across the enterprise.
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SAP says the value added to its insurance software portfolio is in providing an end-to-end suite backed by its in-memory computing capabilities.
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Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
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Insurance company technologists had different ideas on the emerging technology with the most potential in a panel discussion this week -- but reached a surprising consensus on which one might have the least.
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Catastrophes have blunted improved underwriting results across geographies, and two out of three customers are at risk of retention with only a neutral or negative customer experience.
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Effective risk management is not about trying to avoid risk; it is about striking a balance between minimizing risk and maximizing reward.
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AIR Worldwide and Willis counsel against increased risks from natural catastrophe, cyber risk, reputational risk and the potential consequences of abandoning ERM efforts.
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Strong forces that stand to reshape the sector include shifts to new types of coverage, alternative distribution channels, and redefined customer segments.
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AT&T Inc plans to kick off its Digital Life home monitoring service in eight U.S. markets in March, part of its efforts to expand wireless services beyond phones.
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According to the insurer's 2012 Natural Catastrophe Year in Review report, Superstorm Sandy and the summer's drought caused record losses in the U.S., although globally losses were lower than in 2011.
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