Insure Think

Insurers are improving their sustainability and creating more resilient communities.

Climate change is driving an increasing reliance on electric vehicles and the means to charge them.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

The first step: every agency needs a disaster plan which outlines a course of action if an event occurs. Owners should identify the most likely disasters and determine key steps to take. Will employees evacuate or stay put? How will they communicate with customers? How can they begin working again?

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

Businesses need to rethink their approaches to insurance cost reduction.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.

The insurance industry is proactively providing education and information to victims of domestic abuse.

Supplemental options can set employees up to deal with expensive and unexpected issues.

Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.

Employee data holds great potential for maximizing the value of employee benefit programs.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.

As the insurance industry undergoes digital transformation, it has a unique opportunity to integrate diversity, equity and inclusion into its structure.

Software can pull attributes out of a claim file to provide claims professionals with a risk assessment score for the likelihood that the claim file could go nuclear.

Insurtechs able to optimize the explosion of better data to accurately model and price risk, will become a vital link in the fight against climate change.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

It is essential to keep in mind several regulatory considerations regarding data, cybersecurity, fairness and inclusion to stay ahead of the evolving supervisory and regulatory trends.

AI is just an algorithm that learns based on human tasks, and humans make mistakes.

The path to more effective hurricane preparedness lies in proactive planning, automation, and the efficient utilization of data and analytics.

Three steps to set the stage for easier connectivity to the tech platforms that agents can use to quote commercial insurance.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

The convergence of more frequent weather events that affect more people plus higher customer expectations make now a great time to get ready to communicate with the masses.

Insurers' tech strategies have expanded but enterprise-level policy administration systems remain a vital backbone.

Application programming interfaces act as intermediaries between back-end systems and technologies.

Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike

Climate change presents uncertainty for insurance companies but also creates opportunities for technological innovation

As the rest of the world becomes increasingly connected, consumers expect all aspects of their lives to be on-demand and seamlessly integrated into digital platforms.

A new research report from ReSource Pro examines how insurance tech vendors' strategies are evolving in the competitive labor market.

Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.

Telehealth providers and their insurance carriers must re-examine practices and processes to ensure that they remain compliant.

This year, in the spirit of innovation, Accenture used generative artificial intelligence to help distill and uncover trends, feeding submissions securely into its gen AI model.

Insurtech is transforming the workers' compensation segment through big data analytics, artificial intelligence, machine learning, wearable technology and more.

Understanding prompt engineering is crucial to fully capitalize on the possibility of the solutions.

Much of MGAs' success can be attributed to how versatile they can be.

Insurers need to find new ways to grow their business while mitigating the risk of employee burnout.

It can eliminate geographical barriers and allow teams to access and share data more freely.

The insurance industry will lose half its workforce between now and 2036 as almost 400,000 employees retire.

Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.

Five best practices can assist in selecting and integrating generative AI data.

The industry may want to build its own large language model.

Embedding insurance policies within other products allows for more automation of the sales process than ever before.

Metrics can help determine what employees need to make the most of in-office time.

Rebuilding artificial intelligence algorithms to explicitly integrate transparency and overcome black box limitations.

Releasing an ESG report prepares you to address potential risks hidden in operations.

At too many accounting firms, no one knows what their technology teams are accomplishing.

The chief financial officer must play a crucial role in determining the strategy and tactics to automate and standardize key processes throughout the organization.

Companies can collect and analyze customer data to provide tailored offerings and targeted promotions based on customer behavior, preferences, and risk profiles.

Digital insurance companies could pay more to use banking services that have previously been virtually free as banks tighten regulations and increase prices.

It is important to leverage human-in-the-loop processes, rather than automating them away, and to surface relevant information for agents to help contextualize interactions with policyholders.

Mike Sha, CEO of SigFig writes that agents will need to go beyond insurance to offer more advice on every phase of the financial journey.