While much innovation has focused on distribution and underwriting in recent years, claims is destined to transform more than any other area of the insurance business.
Construction on the insurer’s innovation lab at UC’s 1819 Innovation Hub is underway, and the company’s space is expected to be complete in the first quarter of 2019.
The vendor places the new solution within a broader “Smart Suite” of telematics- and AI-powered products that deliver an end-to-end digital claims experience.
An alumnus of IBM and Pan-American Insurance, Broussard led Insurity’s DataHouse product, which became the leading P&C vendor data solution.
Leandro DalleMule will serve as General Manager, North America for the AI-based data platform for commercial insurance founded in 2016.
The $87 million cash transaction will complement an earlier acquisition of Sequel, helping to position Verisk as a leading provider of software to the global specialty market.
Data is the new oil, and for the insurance industry these may very well prove to be the boom days.
Ecclesiastical selected Sapiens as part of its strategic drive to transform its U.K. and Ireland business and grow its book of business.
The insurer’s liability policyholders benefit from access to the vendor’s machine learning and AI-driven ChemMeta risk analytics.
The new data score from LexisNexis Risk Solutions uses predictive analytics to enable insurers to more accurately rate and underwrite local fire responses.