Cyence’s solution works through data collection, data curation, and machine learning, according to Arvind Parthasathari, founder of the company Guidewire acquired in Oct. 2017.
Marcus Ryu affirmed the need for insurers to reinvent themselves along the lines of operational, digital, and data imperatives to expand the industry and address emerging risks.
AIU chose the iFoundry Rating Engine and BizDynamics software for enabling rating & online quoting for its AssetGuard personal lines program for valuable personal articles.
Drones can create extremely detailed images of properties despite tree cover, and AI-powered software can ensure precise evaluation for underwriting or claims purposes.
Zurich Germany is using InsuranceSuite for all its private insurance business including personal liability, home and building insurance.
The release heralds enhancements to Guidewire’s Core, Data, Digital, and All-in-One product families that the vendor presents as examples of ‘smarter,’ ‘faster,’ and ‘more connected.’
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.
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.
Designed to ease insurers’ adoption of drones for inspections and claims, the single-vendor package includes software, FAA certification training and repair service.
The new score, debuting for residential risks, measures property risk through unique characteristics that fall outside traditional rating factors.