Automation implies labor-saving steps, which is usually followed by layoffs. So it should come as no surprise that some underwriters dont look kindly on automated-underwriting solutions, since they foster the perception that the underwriters role is shrinking.
The NCAA mens basketball tournament is considered one of the leading wastes of time in American business, so it should come as no surprise that your friendly blogger would search high and low to find a way to mix his love of college hoops with a little thing his bosses...
The NCAA mens basketball tournament is considered one of the leading wastes of time in American business, so it should come as no surprise that your friendly blogger would search high and low to find a way to mix his love of college hoops with a little thing his bosses...
Policy-administration system replacement remains a top priority for insurers in 2012, particularly for large and midsize carriers, according to Matt Josefowicz. However, it is less of a priority for smaller carriers.
In areas of the business like personal lines, quoting, and underwriting, carriers have embraced data and analytics to improve profitability and reduce costs. Yet, they have not applied the same approach to claimswhere the vast majority of a carriers premium dollars are spent.
A new report from Aite Group examines property & casualty insurance carriers use of predictive analytics in the claims process and finds analytics can significantly improve the claims process and overall business results.
A new report from Aite Group examines property & casualty insurance carriers use of predictive analytics in the claims process and finds analytics can significantly improve the claims process and overall business results.
On June 17, a ceremony was held for Bob Khosropur, chief claims officer of Narragansett Bay Insurance Company and this year’s Claims Professional of the Year.