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The first step: every agency needs a disaster plan which outlines a course of action if an event occurs. Owners should identify the most likely disasters and determine key steps to take. Will employees evacuate or stay put? How will they communicate with customers? How can they begin working again?
November 3National Association of Professional Insurance Agents -
Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.
November 3Cota Capital -
The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.
November 1Cato Networks -
Businesses need to rethink their approaches to insurance cost reduction.
October 27LineSlip Solutions -
Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.
October 27EPAM Continuum -
The insurance industry is proactively providing education and information to victims of domestic abuse.
October 26Insurance Information Institute -
Supplemental options can set employees up to deal with expensive and unexpected issues.
October 24Securian Financial -
Adopting data profiling and machine learning could propel the industry into a future of enhanced efficiency, better risk assessment and superior customer experiences.
October 20Gradient AI -
Employee data holds great potential for maximizing the value of employee benefit programs.
October 19Pendella -
Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.
October 18Gunderson Dettmer -
As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.
October 17FD Beck -
As the insurance industry undergoes digital transformation, it has a unique opportunity to integrate diversity, equity and inclusion into its structure.
October 13Holmes Murphy -
Software can pull attributes out of a claim file to provide claims professionals with a risk assessment score for the likelihood that the claim file could go nuclear.
October 13Schaefer City Technologies -
Insurtechs able to optimize the explosion of better data to accurately model and price risk, will become a vital link in the fight against climate change.
October 12kWh Analytics -
Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.
October 6KnowBe4 -
It is essential to keep in mind several regulatory considerations regarding data, cybersecurity, fairness and inclusion to stay ahead of the evolving supervisory and regulatory trends.
October 6KPMG -
AI is just an algorithm that learns based on human tasks, and humans make mistakes.
October 3SCOR -
The path to more effective hurricane preparedness lies in proactive planning, automation, and the efficient utilization of data and analytics.
October 2Insurity -
Three steps to set the stage for easier connectivity to the tech platforms that agents can use to quote commercial insurance.
October 2Vertafore -
Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.
September 29EXL -
The convergence of more frequent weather events that affect more people plus higher customer expectations make now a great time to get ready to communicate with the masses.
September 29SPLICE Software -
Insurers' tech strategies have expanded but enterprise-level policy administration systems remain a vital backbone.
September 29ChainThat -
Application programming interfaces act as intermediaries between back-end systems and technologies.
September 28Equisoft -
Insurance industry leaders must proactively develop risk mitigation strategies in order to optimize the use of Gen AI for insurers and their customers, alike
September 25Celent -
Climate change presents uncertainty for insurance companies but also creates opportunities for technological innovation
September 22TypTap Insurance Company -
As the rest of the world becomes increasingly connected, consumers expect all aspects of their lives to be on-demand and seamlessly integrated into digital platforms.
September 22Whatfix -
A new research report from ReSource Pro examines how insurance tech vendors' strategies are evolving in the competitive labor market.
September 15ReSource Pro -
Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.
September 13Amplify -
Telehealth providers and their insurance carriers must re-examine practices and processes to ensure that they remain compliant.
September 8Beazley -
This year, in the spirit of innovation, Accenture used generative artificial intelligence to help distill and uncover trends, feeding submissions securely into its gen AI model.
September 7Accenture -
Insurtech is transforming the workers' compensation segment through big data analytics, artificial intelligence, machine learning, wearable technology and more.
September 6CompScience -
Understanding prompt engineering is crucial to fully capitalize on the possibility of the solutions.
September 1Xceedance -
Much of MGAs' success can be attributed to how versatile they can be.
August 24ReSource Pro -
Insurers need to find new ways to grow their business while mitigating the risk of employee burnout.
August 23Kotter -
It can eliminate geographical barriers and allow teams to access and share data more freely.
August 18Novidea -
The insurance industry will lose half its workforce between now and 2036 as almost 400,000 employees retire.
August 18ReSource Pro -
Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.
August 17Accenture -
Five best practices can assist in selecting and integrating generative AI data.
August 17NeuralMetrics -
The industry may want to build its own large language model.
August 10FINEOS -
Embedding insurance policies within other products allows for more automation of the sales process than ever before.
August 4EMPLOYERS and Cerity -
Metrics can help determine what employees need to make the most of in-office time.
August 1Join Digital -
Rebuilding artificial intelligence algorithms to explicitly integrate transparency and overcome black box limitations.
July 28Willis Towers Watson’s -
Releasing an ESG report prepares you to address potential risks hidden in operations.
July 27MJ Insurance -
At too many accounting firms, no one knows what their technology teams are accomplishing.
July 26Boomer Consulting Inc. -
The chief financial officer must play a crucial role in determining the strategy and tactics to automate and standardize key processes throughout the organization.
July 21Horváth US -
Companies can collect and analyze customer data to provide tailored offerings and targeted promotions based on customer behavior, preferences, and risk profiles.
July 17Solera -
Digital insurance companies could pay more to use banking services that have previously been virtually free as banks tighten regulations and increase prices.
July 13ConnexPay -
It is important to leverage human-in-the-loop processes, rather than automating them away, and to surface relevant information for agents to help contextualize interactions with policyholders.
July 12Koffie Financial -
Mike Sha, CEO of SigFig writes that agents will need to go beyond insurance to offer more advice on every phase of the financial journey.
July 7SigFig -
The president of Embrace Pet Insurance writes that the costs associated with providing high-quality care to pets have risen considerably. At Embrace, there has been a steady increase in average claim amounts year over year, with a 13% rise in 2023 compared to the previous year.
July 6Embrace Pet Insurance -
By digitizing the payout process, insurers empower claimants to choose how money is received.
July 5Fiserv -
Synthetic fraud — which combines real and false identifying information — has been a niche variety of identity theft for some time. But recent advancements in artificial intelligence and people's access to it might bring it into the mainstream in a big way.
July 4American Banker