End-to-end claims transformation offers enormous rewards. InsurTechs, software, information providers and investors have noticed. - Fri, Jan 22 2021

“Claims automation is really the Holy Grail of insurance,” said Lewis-Weber. “Fundamentally, it works on the three most important metrics that insurance companies care about: retention, expenses, and loss ratio. If we can solve…

Instead of relying entirely on consumers to self-report, insurers would see faster, more accurate reports if they partner with tow providers. Insurance carriers have put a lot of resources into optimizing the auto claims process, and they've made…

What do marathons and insurance have in common? The short answer is: performance data. Every time a world class runner finishes a race, performance data is generated. Her size, training habits, age and diet are all predictors about how she or her…

A new PropertyCasualty360 opinion piece by MDgo CEO Itay Bengad argues that OEM auto insurance threatens traditional carriers operating solo but also poses a brand and financial risk to insurers who partner with automakers. Bengad notes that…

Suite 200 Solutions

In November and December we performed a follow-up Study to a Survey commissioned by the Claims and Litigation Management Alliance (The CLM) in June of 2020. The focus of both Studies was to quantify the impact of Covid-19 on claim volume. Our…

Nationwide is getting ready to launch Anew this coming Monday to offer Atlanta residents a telemaintenance service for their home. “Anew is a part of the Nationwide family of companies. So that means as an Anew user, you'll get the…

Florida's property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state's economy, according to an analysis about to be…

The top-ranked life insurance company in the U.S. in 2021 is AAA Life Insurance, according to Insure.com's recently released ninth annual survey. Seeking to identify outstanding companies offering competitive pricing, strong customer service and…

Lemonade has quietly debuted term life insurance, according to its web site. The New York-based InsurTech appears to be going the soft-launch route without major promotion of the launch, after first disclosing its plans for the coverage in…

The contest ran from October 01, 2020 to November 26, 2020. To participate, drivers downloaded a proprietary app developed by Cambridge Mobile Telematics (CMT), which tracked five indicators of safe and responsible driving: speed, braking…