We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Keeping customers informed requires systems that can clarify the different stages of the claims process, determine what’s needed and calculate what will happen next – and can deliver that information in a way that the customer can understand
Here are the challenges insurance incumbents face in securing the tools needed to better keep up with our changing world.
“From now on, nothing in risk engineering will ever be constant BUT change. If you can’t get used to constant change, you’d better leave.”
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may be auspicious.
A recent survey found that 42% of consumers would be more likely to stay with an insurer that pays approved claims within minutes.
Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report released late Tuesday.
As the tech giants and startups enter the insurance market, are we witnessing the beginning of the decline of the traditional insurance giants?
Without a daily commute for the foreseeable future, consumer interest in pay-per-mile coverage is on the rise.
Insurers that have successfully shifted to the cloud are set to capitalize on a surge in insurtech alliances triggered by the COVID-19 pandemic.
A job description with “acquire AI superpowers” might appeal to millennials more than “study policy footnotes and calculate claim reserves.”
Please feel free to send us an email
news@insurtechinsights.com
