Chris McMahon
Senior EditorChris McMahon was Senior Editor for Insurance Networking News.
Chris McMahon was Senior Editor for Insurance Networking News.
Data-driven platform helps sell small-business insurance more efficiently.
VP of personal lines delivery was tapped to create a five-year technology roadmap for the company.
Insurers must routinely invest in and improve their analytical toolsets to ensure that they are picking the best business, minimizing credit risk and making certain their claims operations are efficient.
As telematics-powered usage-based insurance gains steam, underwriters are learning a lot about their customer base with new data that wasnt previously available.
The insurer frequently will try to "triangulate" information to determine whether it is considering perils and points of failure appropriately.
As a reinsurer, Swiss Re typically doesnt have direct access to typical customer data but analytics technology is critical to the companys underwriting of complex treaties.
An overwhelming majority of insurance executives say their organization's success is closely tied to their ability to innovate, but nearly as many say they are already running to keep up with their day-to-day requirements and lack the skills necessary to drive innovation, according to a report and survey from KPMG International.
Insurers have strived to keep pace with consumer technologies and ever more-sophisticated expectations around the customer experience, and now carriers like USAA are banding together with Google Compare and other insurance aggregation sites to offer consumers a new way to shop for and purchase auto insurance.
Westfield Insurance has selected Majescos Distribution Management application to consolidate and replace multiple legacy distribution-management systems, Majesco said.
Professional services company Towers Watson has agreed to acquire Brovada, a Canadian insurance technology business best known for the BrovadaOne platform, an application for integrating and automating interactions between insurers, and their agents and brokers.