Tech advances coupled with AI can help insurers manage risk, improve underwriting and boost customer experience.
Insurers have seen virtual estimating used successfully for both low- and high-severity claims, making them more willing to begin automating the complex, labor-intensive claims process. The question is, where do they start?
Utilizing Flyreel’s AI-assistant tool, customers can document interior and exterior data including property features, materials and other factors, while identifying associated hazards.
The cloud-based stochastic risk modeling platform offers in-depth portfolio analytics to enhance risk selection, quantify changes in mortality rate, improve hedging strategies, and drive better financial decision-making.
The pandemic hasn’t slowed the pace of insurance innovation, but the insurance technology community’s largest in-person event has adapted to serve its global participants during a time of restricted travel.
The portal aims to provide faster access to robust product information and insight to the vendor’s product roadmaps and future of insurance technologies.
The vendor has secured launch clients for the next-generation system that it describes as providing insights for every touchpoint in the property insurance ecosystem.
The combination of technological edge of Brolly integrated with the insurance prowess of Direct Line Group to accelerate the next generation of insurance products, the companies say.
The models help insurers and reinsurers enhance their risk management and have a unified and comprehensive view of flood risk across the U.S. for all property lines of business.
The insurer sought help from Cloverleaf to create a common data warehouse and to provide insights as the company consolidated business onto one system of record.