Underwriting

Top P&C insurers are keen on helping agents acquire new business using mobile channels, as well as e-signature and predictive fraud scoring initiatives, Novarica finds.

The sector is complex, and it is important for carriers to have the appropriate systems and functionalities to support these complexities and enable future growth.

UK-based Visicover allows customers to buy and self-administer insurance policies online for planes and helicopters.

Regional P&C insurer deploys PolicyCenter and BillingCenter with self-service tools.

Workers' comp insurer selects Valen Analytics' InsureRIght platform, gaining access to vendor's data consortium.

Modus, founded in 2002, tracks driver performance for carriers and fleet managers to conjure up better risk profiles.

Carrier will establish its recently purchased Hamilton USA business as an analytics unit aimed at leveraging data science for commercial underwriting and claims.

Eligible customers can use the ExpressTrack platform to get life insurance without requiring a doctor visit, company says.

Rules-based automation will eventually give way to machine learning and AI, says KPMG.

Use cases range from risk modeling to fraud detection, says study.