Pioneering Use Cases For IoT In Insurance
We are living in a hyperconnected world, and the presence of IoT devices has already been more pervasive than many of us have realized.
March 29, 2021
Technology
5 Ways Blockchain Will Revolutionize The Insurance Ecosystem
Blockchain is often associated with Bitcoin (see footnotes below for links to articles on Bitcoin). Bitcoin is a new form of digital currency. Think of it like PayPal, except you don’t have to feed the account, dollars or pounds or pesos. The backbone of the system is a software platform called blockchain.
March 24, 2021
Technology
How To Combat The Surge In Ransomware
The threat of a cyber-attack is far more dangerous now than it has been in the past, yet knowledge of the threat prevention systems necessary to protect oneself remain widely unknown.
March 24, 2021
Excess & Surplus Lines
Technology
Transforming Auto Claims Appraisals
The pace of digital transformation is accelerating in many industries due to COVID-19, and nowhere is this more evident than in automotive insurance. At the start of the pandemic, carriers and collision repairers had to find new ways to minimize in-person interaction between employees and customers.
March 23, 2021
Auto
Technology
Riskstream Unveils Canopy 3 Blockchain To Roll Out Insurance Apps Faster
Yesterday The Institutes Riskstream Collaborative unveiled the third iteration of its blockchain platform Canopy.
March 22, 2021
Education & Training
Technology
Do Data Errors Sabotage Your Claims Efforts?
Over the past decade, technology’s impact on the claims side of the P&C industry has been extraordinary. Today, insureds submit high-definition video and audio files and images to support their claims.
March 19, 2021
Technology
Digital Insurer Offers Automated Claims Assessment For P2P Rental Customers
On-demand insurance distributor Duuo is now implementing an automatic claims assessment feature for customers of its Rent-my-Stuff Insurance.
March 19, 2021
Technology
Straight-Through Processing In 2021
Straight-through processing (STP) is becoming more common in insurance underwriting and claims, especially in personal lines, individual life and small commercial.
March 18, 2021
Technology
Underwriting
Analytics That Lower Spending On Claims
By finding opportunities for digital transformation within the claims function, insurers may reduce costs and increase performance. The reduction in profitability due to rising claims rates is creating pressure.
March 16, 2021
Technology
Online Mediation Safety And Security
Since March 2020, online mediation has established itself as the safest way to mediate cases. In this context, ‘safety’ is a relative term.
March 15, 2021
Litigation
Technology
Claims Adjusting After COVID
Although the claims adjusting profession has undergone a lot of change over the last decade, last year was unlike any other, CRU Group executive vice president Skip McHardy said during a recent web conference.
March 15, 2021
Property
Technology
Artificial Intelligence: Covering for a Gap in Workers Comp Data
What happens when a key data source becomes less available, reducing carriers’ ability to evaluate risk? This has happened during the pandemic in workers’ compensation.<br /><br />In workers’ compensation, OSHA is one of the top data sources that underwriters use. In particular, underwriters will look at OSHA inspections and violations to measure some aspects of the risk.
March 12, 2021
Technology
Workers' Compensation
Powering People With Technology To Close Gaps Across The Life Of A Claim
The U.S. health care system is comprised of many independent silos — primary care physicians, specialists, hospitals, pharmacies, labs and more.
March 9, 2021
Technology
Workers' Compensation
How AI Will Define Insurance Workforce
Prior to COVID-19, the U.S. boasted historically low unemployment and a roaring economy. Nearly every industry was expected to face a severe talent shortage within the next 10 to 20 years. But then March hit, and the world turned upside-down.
March 3, 2021
Technology
The Next Wave Of Insurtech
Long before the COVID-19 pandemic, insurers were investing in digital transformation, spurred by the rise of startups. Those investments took on new urgency as the pandemic forced businesses across industries to move to digital operations to stay afloat.
February 26, 2021
Technology
