The Transformative Power Of Disruption: Technology Equals Opportunity In The New Age Of Claims

Claims and technology are joining forces to change the function as we know it. For many years, the industry relied on paper-based, time-consuming systems for managing claims.
November 29, 2018 Risk Management Technology

Insurers, Take Heed: Customer Experience After The Camp Fire

“Hi, Karlyn. It’s your sister. We’ve been evacuated. There’s a big fire up in Paradise that might head down our way. Just wanted to let you know we’re heading to our daughter’s house. We only had 15 minutes to grab stuff, but it probably is just a precautionary alarm. Call when you get a chance.”
November 28, 2018 Property Risk Management California

The Latest In Human Resources: Recruitment Bots

The future is now, as insurers warm up to the idea of using a robot to interview job applicants. San Francisco tech firm Entelo ran a survey late last year, which found that 62% of business leaders said they plan to invest in artificially intelligent technology to both analyze human behavior and identify top talent.
November 26, 2018 Risk Management Subrogation

Insurance Experts See Need For Resiliency Amid Natural Disasters

The bad news is insurance premiums are likely to go up if, as predicted, the frequency and intensity of hurricanes and wildfires increases as a result of climate change.
November 21, 2018 Catastrophe Risk Management

A Tough Lesson in Disaster Preparation

Yet another hurricane season has left a broad swath of America’s coast in recovery mode following a once-in-a-generation storm, and wildfires are devastating California. The disasters remind the rest of us how fortunate we are to be safe.
November 20, 2018 Catastrophe Risk Management

First Notice Of Loss Chatbot Service A Success For Florida’s Security First

Florida’s second-largest home insurer, Security First Insurance faced more than 3,000 claims in the aftermath of Hurricane Michael earlier this year. It was the perfect time to deploy a new tool to help manage the load: A new chatbot servicing affected policyholders.
November 20, 2018 Property Risk Management Technology Florida

Modernization, Changing Workforce Needs Behind Job Cuts At Nationwide

Nationwide insurance will lay off about 80 workers at its downtown Des Moines location as it reduces its national workforce by about 1,100 positions. Nationwide spokesman Joe Case said workers were told Tuesday that they would receive an official 60-day notice in January — effectively giving them about four months of notice before the layoffs become effective in March.
November 14, 2018 Risk Management

Insurance Industry: Now Hiring Millenials, And Bring Your Friends

Good employees can be hard to find. That’s why clever employers know to seize any opportunity to find workers — even on a ride from the airport.
November 14, 2018 Education & Training Risk Management Technology

Insurtech Ecosystem: Who Will Eat Whom?

At InsureTech Connect, there were a lot of innovative approaches and capabilities on display. But the term “bubble” could be heard on many attendees’ lips, especially those who’d watched the event double in size each year.
November 12, 2018 Risk Management Technology

Why Understanding AI Is “Non-Negotiable” For Insurers

Out of the catalogue of technologies that have the potential to affect the insurance industry, one expert says that artificial intelligence is on track to have the most significant impact in the coming year. In fact, insurers’ investments in AI are increasing on a year-over-year basis, and this trend is set to continue into 2019.
November 12, 2018 Risk Management Technology

Solving Claims-Intake Overload For Smaller Insurance Carriers

As billion-dollar hurricanes pummel the coasts, insurance carriers are facing a category 5 operations challenge: a snowballing claims-intake challenge. When hurricane season began this year, carriers were still sorting out claims from 2017’s mega-storms, Harvey, Irma and Maria. Then Florence and Michael hit, adding to the backlog.
November 7, 2018 Catastrophe Risk Management Technology

Workers’ Comp Insurers Banking On Emerging Technologies

Quotes from only five data points, or even fewer? Name your number, and you can find an insurer looking to transform the sales experience to match.
October 30, 2018 Risk Management Technology Workers' Compensation

Erie Insurance Tops JD Power Auto Claims Satisfaction Survey

J.D. Power’s latest version of its Auto Claims Satisfaction Study has crowned a new top auto insurer, in terms of customer satisfaction ratings: Erie Insurance.
October 30, 2018 Auto Risk Management

How To Use AI In Claims Management

How do you increase quality in claims assessment, management and administration? We share insights into an end-to-end, AI-powered, claims-automation approach to increase quality, improve processing efficiency and reduce cost.
October 29, 2018 Risk Management Technology

New Cyber Threat: Cryptojacking

It seems that with every advancement in technology a new threat vector is born. This theory holds true as we begin to embrace the world of cryptocurrency.
October 26, 2018 Excess & Surplus Lines Risk Management Technology
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