Claims

The insurer introduced the tech to accelerate claims and simplify the customer experience.

The climate crisis is felt acutely in the insurance industry. Here's how the industry is responding.

Accenture released its Why AI in Insurance Claims and Underwriting?

AI provider makes sense of conflicting evidence in auto accident claims for top insurers

Technology advances like cloud storage can help policyholders be prepared for potential claims.

Companies that deploy wearables to promote better employee ergonomics are getting ahead of the curve.

The WTW Insurance Marketplace Realities 2022 Spring Update includes rate predictions and market insights.

Keynova Group released its Q1 2022 Mobile Insurance Scorecard, which evaluates the mobile website and mobile app offerings from the 12 largest U.S. property and casualty firms.

Digitizing the salvage process can enable faster settlement of claims, improve insurers’ NPS scores and lower vehicle storage costs.

Almost half of the five-star ratings mentioned a good experience with an adjuster as the primary reason for satisfaction in a claims process, according to the customer satisfaction surveys analyzed by Hi Marley.

After reviewing the claims data from 2019 to 2021, Embroker uncovered some interesting trends and shifts that can help insurers predict the types of claims that businesses will most likely continue to see in 2022.

Satisfaction scores dropped when customers submitted photos digitally, but still had to schedule an inspection, market research firm finds.

Born out of the insurtech MDGo, Sensa focuses on transmitting only crucial accident data for claims.

Mobile Appraiser Pro uses photo capture technology and AI-powered mobile estimation and valuation tools to provide nearly real-time insight to field appraisers.

Insurance companies are rolling out digital capabilities to revolutionize the claims process. Are customers coming along?

In 2021, only about 40% of claimants interacted with a claim estimator via digital channels and 47% made a claim using a website.

In case you missed it, insurtech -- technology developed to improve and transform the insurance industry -- is having a bit of a moment. Forrester recently reported record-breaking funding for insurtechs, closing Q3 at $15 billion - more funding than in 2019 and 2020 combined - with more deals anticipated by the end-of-year.

Companies create a more customer-friendly, digitally-focused roadside assistance experience.

The stay-at-home mandates, school and business closings, and increased remote work arrangements emanating from COVID-19 resulted in a significant decrease in motor vehicle accident frequency in 2020, with that trend continuing into 2021. There are many other, less obvious forces that actuaries and company management should consider as 2021 year-end reserves are analyzed.

In other news: Zurich releases cyber risk survey results; Hertz and Uber to add 50,000 Teslas to network; Amica selects Shift Technology.