Property and casualty insurance

Communication between business and IT teams is the core of modernization for the insurer.

Disintermediation isn't positive for the industry, and agents' and brokers' roles can evolve, panelists say

The partnership began with a capital investment by Nationwide in Betterview, founded as a start-up in 2014.

Palo Alto, Calif.-based home protection insurance group Hippo has hired Keith Simard as vice president of property claims.

Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat.

Keynova Group released its Q1 2022 Mobile Insurance Scorecard, which evaluates the mobile website and mobile app offerings from the 12 largest U.S. property and casualty firms.

In 2020, natural disasters, excluding COVID-19, caused a total of $76 billion in insured losses, as opposed to the $7 billion in man-made insured losses. Companies must prepare to meet the demands of an increased customer base, including facilitating an easy claims process and expanding digital access.

The pandemic and industry challenges that lie ahead have fast-tracked innovation and a push for much needed modernization in the industry.

Breakthroughs in AI over the past decade mean we can now use it to train computer vision algorithms to perform visual tasks as accurately or more than humans. Smartphones can be turned into visual experts in your pocket, which can appraise some aspects of the environment better than people.

New research from SMA shows that the plans and progress of some transformational technologies are accelerating ahead as others have hit the brakes.