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Fundamentally, paying claims is what insurers do; indeed, it constitutes the lion’s share of their outgoings. For P&C insurers, for instance, that typically amounts to
Banks, insurance companies, asset managers and other industry players need to rethink how they approach financial risk management. Every year, financial crime becomes more sophisticated,
We now have a “digital wildfire” expanding rapidly every day, reshaping every aspect of our customers’ lives and businesses. While the industry had digital as
Peak Re Chief Executive Officer Franz Josef Hahn has underlined how the insurance industry must be an integrated part of working towards a better future.
The discussion is frequently dependent on product segments, but over time, value will be universal regardless of product complexity, albeit for different reasons. Artificial Intelligence
Insurtechs are important for the development of the industry — but as tools. Incumbents must still get the real transformation done. Given the nature of
Getting business in the door is great—but it’s just the first step in the underwriting journey. Carriers today need to quickly convert intake into insight
Disruption taking place through isolated digital innovations are a thing of the past. Instead, a complete digital policyholder journey is becoming the expectation within insurance.
Carriers continue to plow ahead with investments in usage-based insurance. Metromile, a pay-per-mile carrier, has launched Ride Along, which allows prospective customers to test whether
Severity of claims seems to be growing for medical professional liability. Here are three things health care professionals need to be thinking about in order
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