Claims

CM Vantage Specialty Insurance aims to improve self-sufficiency and customer experience using Sunlight Solution Inc.'s automated software.

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.

Opportunities arise for insurers to catch customers as Pokemon GO users wander into dangerous places.

In a world in which insurers are considering using wearables like FitBit to validate claims data, apps like Pokemon GO offer the same information in much greater detail.

The UK insurer expands its current relationship with the vendor, having already deployed Guidewire for billing.

With the move, the insurer expects to improve its rating and electronic archiving capabilities.

The supercomputers model environmental data, including measurements from satellites, weather balloons, and oceanographic observations.

Health payers are taking multi-pronged approaches to make the inevitable transition to value-based care, including the expansion of their data & analytics capabilities.

The workers' comp insurer will also deploy Oceanwide's agent portal, per the agreement.

Insurance carriers face threats from physical events, risks tied to liability and “transition risk" from adjusting to a lower-carbon economy, new study finds.

The P&C insurer adds to its initial implementation of Guidewire ClaimCenter in 2010.