“We selected Guidewire PolicyCenter and BillingCenter for the comprehensive functionality each system provides,” said Phil Cole, VP, underwriting & operations. “We wanted to equip our employees with the best technology we could find, and believe that these products will support their efforts and enable us to be more responsive to our customers and agents.”
A below-normal hurricane season may be ahead, according to NOAA, but insurers say preparedness remains critical as climate risks and coastal development intensify.
Digital Insurance interviewed seven of the insurance commissioner candidates about how they would address the state's insurance crisis, AI risks and opportunities, rate increases and climate change issues.
Instead of waiting for claims to confirm damage patterns, carriers can begin identifying likely impact zones earlier.
Artificial intelligence is placing increased demand on insurers to guard against fraud and other forms of risk. Experts are urging an investment in AI literacy and other forms of training to limit exposure, rather than simply deploying more AI internally as the only safeguard.
The counties with the greatest exposure lie along the coasts of Florida, Louisiana, South Carolina and Texas.
The technology is lowering the bar for cyber criminals attacking companies, according to Ryan Kratz, head of cyber for North America at MSIG USA. Kratz spoke with Digital Insurance about how the new type of attacks work.
