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.
Underwriting
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.
SambaSafety Joins Guidewire’s PartnerConnect
The vendor has published its first Ready for Guidewire accelerator, designed to help P&C insurers more accurately price driver risk and improve underwriting performance.
Why Betterview Got Out of the Drone Business
Betterview’s strategic departure clarifies its core competency and exemplifies an InsurTech’s ability to adapt or ‘pivot’ in a way that fosters not only its own success, but that of its customers and the insurance industry generally.
The Hartford Adopts Cape Analytics’ Geospatial Property Intelligence Solution
Powered by advanced computer vision and machine learning, the solution supplements The Hartford’s home inspections, providing the insurer with new insights about the properties it insures.
Willis Towers Watson Releases v4.5 of Radar Pricing Software
The new release emphasizes pricing transparency, giving insurers tools to measure fairness in their pricing models and fulfill their commitment to giving customers clear and fair information.
Good2Go Auto Insurance Adopts Guidewire Predictive Analytics for Profitability
The insurer sought a tool that would enable its in-house talent to perform predictive analytics work without the need to build a team from scratch.
The Hanover Selects DataCubes to Automate Underwriting/Risk Analysis
The insurer will use DataCubes d3 Answers to enhance its agents’ experience with appetite and quoting transactions as well as streamline its underwriting process.
Automotive CyberSecurity Startup GuardKnox Completes $21M Series A Round
GuardKnox enables commercial auto insurers to offer premium incentives to policyholders that install its products to protect fleet management systems from ransomware and other cyber-attacks.
Kespry Partners with DroneBase to Expand BYOD Program
Kespry customers participating in the vendor’s recently announced Bring Your Own Drone program can now use DroneBase to manage Kespry drone deployments and pilot missions.