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%.