Recent trends suggest that the general availability of fully autonomous vehicles will not come as soon as formerly thought, but insurers still need to think strategically about its eventual impact on premium.
News & Analysis
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OWIT Global Enhances Cloud-based Bordereaux Service
Provided to accident and health, property/casualty insurers, the simplifies the importing, cleansing, processing and exporting of bordereaux data.
Owlcam Launches Crash Report Driver-Controlled Video Claims Submission
Three AAA-affiliated insurers have adopted the feature, which lets drivers submit verified crash video and other information directly to insurance companies from the Owlcam app.
Pekin Insurance Drives Business Growth on Guidewire InsurancePlatform
Since deployment, the insurer has enjoyed greater growth and profitability in Deluxe BOP and its flagship personal auto product.
Root Insurance Company Joins the Verisk Data Exchange
Root it is now able to use driving data from the Exchange in its own scoring model to price UBI coverage at point of sale.
Breathe Life Introduces Advisor Experience for Insurance Carriers to Empower Agents
The consumer-focused Advisor Experience is designed to unify data silos, unconnected applications and disparate client data to dramatically improve customer experience.
Quadient Archive & Retrieval Streamlines Access to Archived Documents and Data
The new solution enables businesses to meet compliance standards and improve customer experience by providing quick access to historical documents and data across all channels.
Tricolor Launches Auto Insurance for Low Income, ‘Credit Invisible’ Consumers
The auto distributor’s insurance strategy uses data analytics-driven underwriting models to eliminate high origination fees borne by consumer.
Global AI Insurance Premiums to Exceed $20B by 2024—Juniper Research
The research forecasts that industry cost savings from AI will grow from $340 million in 2019 to $2.3 billion by 2024, as insurers exploit efficiencies achieved through the automation of resource-intensive tasks.
NEOS Life Deploys Ebix Life Insurance Sales & Administration Solution
The company rapidly implemented the solution, including deployment of an Adviser portal, sales administration, integrated underwriting engine, commissions processing, reinsurance reporting and CRM and data warehouse integration.