Cover-All says the feature provides P&C insurers with the ability to tailor their automated policy renewal processes—beyond rating and issuance—to achieve business-specific policy renewal workflows. The automated renewal functionality is designed to enable insurers to configure custom business processes. These include the ability to configure selection criteria for policies, schedule one-time or recurring execution, generate quotes for renewal or complete policy renewals, configure custom reports, setup automatic email notifications, use web services to share policy status updates for further processing in downstream systems, and take advantage of comprehensive auditing and error correction capabilities.
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One particular focus of attorneys general in the insurance space will likely be companies' use of AI in underwriting.
7h ago
Hogan Lovells Cadwalader -
More than one-third, 37%, of customers who use AI to research insurance options changed their policy as a result.
7h ago -
Human oversight would still be needed, especially for underwriting, industry experts say. Yet linking voice recognition with AI engines will put insurance agents jobs at risk, they add.
7h ago -
To find the most success with AI, insurance companies should view it more as a way to fundamentally rework processes, according to the experts who write for InsureThink.
August 27 -
Andrew Engler, CEO and co-founder of the insurtech, shared that if a property owner is willing to invest in reducing the possibility of a catastrophic loss, it should translate into insurance value.
August 27 -
Introducing insurance options during the auto purchasing process correlates to a 20% boost in finance and insurance gross, according to Polly's Q2 embedded insurance report.
August 27








