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The International Red Cross estimates 13,000 homes have been destroyed in the Bahamas — making up nearly 45% of the total homes on the affected islands.
New technology presents opportunities and challenges for adjusters and contractors.
The claims process is on the verge of a complete transformation — here is what carriers should prioritize.
Traditional insurers face a number of challenges brought on by a myriad of InsurTech advancements.
In his new role, he will be responsible for product development and innovation, industry analysis and thought leadership.
Updating insurance workflows previously bogged down by heavy documentation is essential to digital transformation.
Measuring a policyholder's business interruption loss is one of the most contentious issues to arise from wide-impact catastrophic events.
Emerging claims technology will enable insurers to more readily meet their regulatory requirements.
Blockchain can be applied to foster and create trust between the insurer and the insured.
This is a valuable opportunity to make changes in coverage, endorsements or carriers.