The model will also be used to help the NFIP evaluate actuarially sound rates for its policies and to assess the impacts of major flooding events in real time.
OneShield Enterprise gives Hiscox USA the ability to communicate with external systems efficiently and achieve speed-to-market that matches the fast-moving segments it serves.
Even the best drivers are at greater risk under adverse conditions, but alerts delivered over preferred channels can enable policyholders to avoid hazardous weather both days and moments in advance.
Each based on a different business case, the Accelerator applications allow organizations to leverage innovative technologies to enhance business operations, reduce operating costs, and create better client experiences.
The new score, debuting for residential risks, measures property risk through unique characteristics that fall outside traditional rating factors.
Robotic Process Automation (RPA) and analytics can be applied in a way to deliver quick results without consuming the efforts traditional information IT projects take.
Amplified alignment between strategic intent and capabilities is the key differentiating factor separating sustainable value creators from destroyers, according to ACORD CEO Bill Pieroni.
This ACORD Data & Analytics track panel discussed the promise of artificial intelligence for enabling ‘human augmentation’ for underwriters and brokers.
Tata Consultancy Services will partner with the organization to enhance technology standards to help insurers progress into the digital era.
IAT will replace legacy systems with a single solution for managing multiple business units utilizing Duck Creek OnDemand.