HP Exstream is designed to integrate with a company’s IT infrastructure, and can fetch account data in a number of formats such as XML, and flat file and tagged data. According to HP, the product reduces document costs by streamlining the document creation workflow process, allowing for automation and personalization of on-demand policies, correspondence, quotes and proposals.
Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.
Fraud, missed subrogation opportunities and customer experience can impact claims after a catastrophe, but AI can address some of these factors.
Telematics data can empower commercial companies to operate more efficiently and safely.
Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the protection gap.
States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.
Behavioral economics is gaining traction in insurance underwriting.
