Insurance is in the midst of a ‘Cambrian Explosion,’ characterized by a proliferation of new forms, shapes and structures of insurance companies, vendors and processes, according to ITC’s chairman and co-founder Caribou Honig.
The midsized carrier has undertaken a partnership to help it through its AI journey, including deploying Element AI Underwriting Partner as a first major application of the technology.
Betterview’s strategic departure clarifies its core competency and exemplifies an InsurTech’s ability to adapt or ‘pivot’ in a way that fosters not only its own success, but that of its customers and the insurance industry generally.
Using LexisNexis’ Active Insights active risk management platform, the insurer analyzed customer behavior and stemmed attrition with well-timed outreach.
It remains to be seen what the destiny of InsurTech will be over the long run, but it seems more likely to be a permanent adjunct to the insurance industry and its vendor ecosystem than a passing fad.
A conversation with L&G’s Director of Digital Strategy & Innovation about the place of life insurance legacy core systems within a longer-term digital business strategy.
The insurer enjoyed a 13 percent efficiency gain reengineering the policy issuance process within Voluntary Benefits, while drastically reducing training time and freeing up operational teams to do meaningful work.
Leveraging Bold Penguin technology, Progressive BusinessQuote Explorer lets small business owners quote workers comp, general liability, professional liability and BOP in 11 minutes or less on average.
Homebuyers are among the consumers most prone to buy life insurance, and L&G makes the transaction as easy as possible to undertake by ensconcing it within a larger business context.
Leveraging Vitech’s expertise in voluntary benefits and its cloud-based administration capabilities affirms Prudential’s commitment to enabling better integration with its clients.