Commercial lines

With both companies based in Columbus, their proximity has facilitated a close working relationship and spirit of collaboration.

According to recent SMA research, half of P&C insurers state that their company is in “transformation mode.”

This dynamic and fast-paced environment presents numerous challenges to loss-control efforts, both from a technical as well as a behavioral standpoint.

Installations will be targeted at small- to mid-sized commercial customers with the goal of reducing certain risks.

The goal is to help expand business to new channels and geographies using the digital platform.

Insurers trying to reach entrepreneurs are trying more data-driven automation to speed the process.

Digital platform provides pricing information for business owners, worker’s compensation, general liability policies, and professional liability lines.

Technologies like telematics and video cameras as well as the data captured by these innovations are being used to address a profitability crisis.

LexisNexis survey provides ideas for carriers to be less overwhelmed by the journey ahead.

Innovation and digital transformation are top-of-mind for these lines of business this year, according to SMA research.

Insurtech's technology will power smartphone-based telematics initiative to help score oil and gas drivers.

Insurtech's DriveCam system will be offered to fleet customers of the insurer.

A diverse range of carriers including Travelers and Chubb are deploying internet of things devices to aid customers in several business lines.

A quarter of commercial insurers are now leveraging AI, and other new entrants are picking up steam as well.

Company capitalizes on new connected-device requirements for truckers to roll out program.

The insurers has partnered with Safe Drive Systems on an accident-avoidance pilot.

Many new insurers focused on commercial lines see value in the core systems that incumbent insurers already use.

Carriers are able to leverage delayed flight information to provide customers with various other options of travel, similar to the hospitality online marketplace.

ParaZero’s drone safety software, SafeAir, serves as a failsafe system for malfunctioning unmanned aircraft vehicles.

Priorities are notably centered around the insurance agent for growth as well as investments in AI and data analytics.