Claims

The insurance industry has witnessed particular trends in innovation that highlight a unique claims approach.

The announcement has some similarities with Duck Creek's recent acquisition of Agencyport, Celent says.

The Peruvian insurer has noticed an estimated 45-minute decrease on inspection time by using the app.

The reinsurer receives full underwriting, claims, accounting, and reporting capabilities, courtesy of StoneRiver, Inc.

At least 25 reports were allegedly altered, according to the complaint.

More than 170 adjusters will receive iPad Pros and iPhone 6s loaded with the Claims Adjust app.

Carriers will continue to invest in managing and analyzing both structured and unstructured data from telematics, wearables and weather, Celent predicts.

The strategy remains a good way for newcomers to enter the market, but carriers must provide additional value propositions to the consumer, Novarica says.

Other concerns for insurers include how to allocate liability when accidents occur and driver safety on roads, Munich Re notes.

Having a vision statement and defining the future state of each business process can greatly aid insurer's core replacement efforts.