InsuredMine

DECEMBER 26, 2024

Insurtech: The Game-Changer Insurtech, a fusion of “insurance” and “technology,” refers to the innovative use of technology to improve the efficiency and effectiveness of the insurance industry.

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Distinguished

JULY 8, 2024

A: There are several important considerations including: Specialty coverage that caters to the hotel industry risks and exposures. Underwriters with hospitality industry knowledge and expertise. Dedicated claims team experienced in hospitality-related losses. Q: What states is this available in? A: There is no age limit.

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Final Expense Brokerage

MAY 10, 2024

You need to have a thorough understanding of different policy types, such as term life insurance, whole life insurance, and universal life insurance, to effectively advise clients on their options. Obtaining the Necessary Licenses and Certifications To become a life insurance agent, you must meet certain licensing requirements.

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InsuredMine

OCTOBER 25, 2024

With only two months left in the year, we’re gearing up to kickstart 2025, and the insurance industry stands at a critical crossroads. The integration of AI, blockchain, the Internet of Things (IoT), and advanced data analytics offers tangible solutions to the industry’s most pressing problems. trillion by 2025.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

Boston ERISA & Insurance Litigation

DECEMBER 5, 2024

To me, the consistent theme that underlies all of the discussion is the ability of AI tools to improve the industrys ability to understand, interpret, manipulate and manage massive amounts of data (and also the risks of bad faith claims from doing so).

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Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Underwriting is extensive and involves separate applications/questionnaires and an extensive review of historical claims.

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Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market.

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InsuredMine

MAY 2, 2024

Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? These kinds of innovative services are becoming a reality thanks to insurtech, the use of technology to revolutionize the insurance industry. You might be thinking, “APIs?

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American Agents Alliance

JULY 5, 2024

And when it comes to the insurance industry, having data and using it well has become a differentiator. Review prior claims and losses and use data this data to identify the highest-risk areas of the agency. Improve underwriting accuracy using data. Data helps drive business decisions, define strategy, and develop ideas.

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Majesco

MAY 23, 2024

Can insurers fill the bucket with the right premiums as fast as claims pour out potential profits? It’s about rethinking underwriting and claims as well as rethinking risk resilience. They suggest digitalization can be a force for closing insurance protection gaps. This is a reaction, not a long-term solution.

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Shield Insurance Agency

AUGUST 1, 2024

Shield Insurance Agency in Hudsonville, MI is now hiring! Now Hiring Insurance Customer Service Rep and Account Manager Duties: Provide timely, professional, accurate, communication to clients, your team, carrier representatives, and underwriters.

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Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. We want to pay claims as expeditiously as possible…. Attorney advertising – estimated to total over $2.4 court cases.

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Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). It’s a double play—claims processed swiftly, premiums collected seamlessly, and customers satisfied. The insurance infield turns grounders into outs, just as MLB infielders turn hits into double plays.

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Majesco

OCTOBER 24, 2024

Integrating AI allows these teams to achieve high precision and efficiency, similar to its impact on the insurance industry. By integrating AI into their core processes, professional racing teams can achieve unprecedented levels of precision and efficiency, mirroring the transformative impact AI has on the insurance industry.

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Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. – Fraud Detection : AI’s capability to detect anomalies makes it a powerful tool against fraudulent claims.

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InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. The Importance of Customer Retention The importance of customer retention in the insurance industry cannot be overstated. Insurers leverage a wide range of data points to build accurate prediction models.

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InsuredMine

MARCH 26, 2024

The insurance industry finds itself on the cusp of a transformative era, propelled by technological advancements that present both challenges and tremendous opportunities. Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth.

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Majesco

JUNE 13, 2024

Can actuaries, underwriters, and business leaders get back on top and win the combined ratio game? The number of claims is rising. It is helping insurers avoid costly risks, coaching policyholders to make sensible changes and it is dramatically improving the claims process. Machine Learning has been learning!

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Jackson & Jackson

AUGUST 16, 2024

Why Homeowners Insurance in California is More Challenging in 2024 Changes in the Insurance Industry The insurance industry has been undergoing significant changes in recent years, and these changes have affected the availability and affordability of homeowners insurance in California.

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Insured Insurer Insurance Risk 52

Agency Revolution

APRIL 22, 2024

You’re leveraging your rapport with insurance company reps, including account managers, claims specialists, sales teams, and underwriters. A marketing company that knows the insurance industry inside and out can do that for you, too. Integrations can stretch your dollar without stretching your staff.

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American Agents Alliance

DECEMBER 8, 2024

2025 will bring new ideas, innovations, and changes to an ever-evolving insurance industry. Driven by rapid advancements in technology, shifting risks, and increasing policyholder expectations, the industry will likely have different products and services by the time 2025 draws to a close.

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Jackson & Jackson

MAY 22, 2024

. “Understanding Multi-Family Property Insurance” Commercial property insurance is a vital safeguard for property owners, protecting their assets against various risks. It covers property damage, loss of income, liability claims, etc.

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Property Insurance Commercial Property Commercial Insured 52

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Materially modifying production and assembly lines to provide desperately needed PPE products could change risk considerations and impact an organization’s insurability.

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Majesco

JULY 25, 2024

Advanced analytics in insurance, when coupled with the right data, can identify new customers, drive operational improvements, or create better claims outcomes. That’s the fascinating part about the application of GenAI and AI/ML within insurance. Knowledge is no longer just power — it’s business gold. Mind the gap!

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Majesco

AUGUST 22, 2024

Insurance technology, like automotive technology, has been subject to much retrofitting. Out of necessity, the insurance industry has always been subject to incremental use of technology and innovation. To read the full thought-leadership report, be sure to download Realignment in Insurance: Strategic Priorities for Success.

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Majesco

OCTOBER 10, 2024

Unfortunately, that example represents the broader market and has only intensified due to rising risk and claims costs. Many insurers are primarily focused on existing, traditional products, either with enhancements or a new version of the product, as reflected in Figure 2. Leaders differentiate themselves.

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Majesco

MARCH 14, 2024

The insurance industry has its own set of trends, but in our case, it is important to distinguish between technology trends (such as cloud vs. on-premise) and pain point trends (such as increased risks and a growing number of retirements). They have created different models to support underwriting decisions, etc.

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Triple-I: Workers Compensation

APRIL 20, 2021

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. The CLAIM Act would let these businesses obtain insurance to cover the same risks of theft, damage, injury, loss, and liability as all other businesses.

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Zywave

FEBRUARY 26, 2025

In today’s fast-paced insurance industry, digital placing has become a crucial component for enhancing underwriting efficiency and accuracy. Lets take a look at some of the current challenges, opportunities, and benefits of digital placing, along with the latest trends impacting underwriters’ efficiency.

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American Agents Alliance

FEBRUARY 26, 2025

Insurance industry events are a great way to network with many different people in one convenient place, while also learning more about insurance topics in a vacation-like setting. Learn more about the power of networking for P&C insurance agents and why it is a critical skill to develop. Registration opens soon!

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LexisNexis

FEBRUARY 25, 2025

Yotis , content manager for insurance on the Practical Guidance team for LexisNexis® We asked Yotis, a frequent contributor to State Net® Capitol Journal articles, to outline for us what she believes will be the top compliance issues for the insurance industry this year.

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