Sentry Insurance has launched
According to the insurer, Insight attempts to save customers both time and money by providing access to such data and helping brokers enhance the service and support they can provide to their clients. Designed to be intuitive as well as combine claims information, tasks and reports into a single online system. Risk managers, according to Sentry, will also have the ability to receive customizable claim-related alerts, so they can be notified of new information.
The top five insurance companies have an average P&C market share of 6.50% as of December 31, 2023.
Lloyd's appointed Dawn Miller as chief commercial officer, and CEO of Lloyd's Americas; plus more career moves.
Greater exposure to climate risks is driving an increase in insurance premiums and decrease in insurance availability.
Laws against inducements and referral fees are among the obstacles for carriers looking to distribute coverage by embedding it in other channels.
Capgemini Research Institute's World Property and Casualty Insurance Report 2024 indicates insurance executives see the potential benefits of AI and ML but underwriters are concerned about overcomplexity and data integrity.
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
