Underwriting

Data and analytics company is partnering with life insurers to develop products to automate the application and underwriting process.

New products announced by startups this week show companies expanding their portfolios to manage more kinds of risk.

Emerging AI technologies will allow insurers to make more nuanced, on-demand decisions and expand their product portfolio.

The move follows new CEO Brian Duperreault’s earlier assertions the insurer would develop data science and analytics capabilities for underwriting.

Carriers are working to change the culture around underwriting to be more data-driven, says EY study.

The company is developing an instant-issue platform that delivers life policies to customers without fluid testing.

Brokers warn low portions of Harvey’s costs will be covered by insurers because regular homeowners’ policies don’t include flood damage.

Harvey’s cost by one estimate could mount to $30 billion when including the impact of flooding on the labor force, power grid, transportation and other elements.

Most innovation plans do not account for emerging industry trends like insurtech disruption and IoT adoption, study finds.

Ariel Gorelik assumes control of the insurer's global IT operations.