Underwriting

Second-quarter adjusted profit was $1.19 a share from $1.52 year earlier, the New York-based insurer said Tuesday.

Accenture released its Why AI in Insurance Claims and Underwriting?

In other news: Appointments at Acrisure, Marsh and Tokio Marine Highland.

A real-world use case for AI and ML is leveraging it to analyze and extract insights from unstructured data.

Digital Insurance spoke with Scott Higgins, EVP, president of middle-market and national property, business insurance field for Travelers.

Digital Insurance spoke with Kevin Mitchell, president of TypTap Insurance Company.

Automation can uncover new opportunities to improve the way insurers do their jobs.

Insurers must invest not only in technology but also in their workforces.

More publicly available digital information means underwriters have greater access to information on potential risk.

The demand for no-medical exam life insurance has grown in the last year, likely related to the COVID-19 pandemic. From October to December 2021, about 56% of applications submitted through Policygenius were for no-medical exam policies compared to January to March 2021, which was only 26%.

A group of the world's biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission: competition law.

In other news: Overhaul and Movingdots collaborate; Zurich Resilience Solutions adds DEI service; Vertafore names chief technology officer.

American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming.

Success demands an innovation-driven formula with four main components: speed, accuracy, scale and customer experience. To do this and change the economic equation, here are five efficiency strategies recommended by Verisk.

Digital Insurance spoke with Angela Orbann, vice president of property, PI product management at Travelers about how technology can optimize a home insurance policy and how artificial intelligence and satellite imagery is helping insurers.

SynchronoSure has three insurance products available in 48 states, and will be adding new products over the next 60 days. GigBOP, a low-end property/casualty product for the gig economy and small business accounts; a trucking general liability product designed to protect the office and garage operations for small trucking companies; and a recently announced excess liability product.

Half of insurers that have already adopted accelerated underwriting report payback periods of less than a year.

The auto-insurance industry has traditionally relied on many factors, but the use of education and job status has come under scrutiny in recent years.

Has insurance's 'noble purpose' ever been more relevant to society than now?

AAU enables underwriters to spot patterns and connections that are either invisible to the human eye or which take normal, human-assisted processes large amounts of time and resources to identify.