Accenture: Cyber Insurance

NOVEMBER 30, 2021

As we wrap up 2021, it seems appropriate to revisit predictions we made for the insurance industry this year. I put forward my hypotheses last December in my post, 5 predictions for the insurance industry in 2021. Let’s see how those predictions held up. 1.

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Brokers’ Service Marketing Group

JULY 27, 2023

In those instances where the case submitted isn’t as black and white as one would hope, a well thought out cover letter inclusive of case details will aid in the underwriting process. We worked with our underwriters at Lincoln Financial to provide some guidelines

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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. Agents and brokers can leverage data analytics to help reduce their E&O risk and mitigate losses in several ways. Use data to identify high-risk processes or areas of the agency.

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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. It is time to rethink the business and risk resilience. They suggest digitalization can be a force for closing insurance protection gaps.

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InsuredMine

JULY 19, 2024

Insurance agencies once focused primarily on assessing risks, underwriting policies, and managing claims. By identifying these at-risk customers early, insurers can take targeted actions to improve retention rates and maintain a stable customer base. However, the landscape has shifted dramatically.

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Majesco

OCTOBER 10, 2024

Risk vs. reward. Perhaps there is no more appropriate location to discuss it than Las Vegas, the undisputed home of risks and rewards. Next week, many of us will meet and chat at ITC 2024, filled with the excitement of game-changing technologies and insurance startups.

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Distinguished

JULY 8, 2024

Hear from industry experts as they discuss critical differences in Hotel Primary policies and key risks to consider. Get the Hotel Primary Insurance session handouts here: + Transcript & FAQ + Video Recording + Slides Below are some of the insightful questions from attendees during our session. A: There is no age limit.

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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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Scott Insurance

APRIL 21, 2020

As business models and operations shift and evolve, M&D companies must stay vigilant on risk management efforts. What risk do we assume in repurposing our operations in response to COVID-19? Have you considered varying levels of risk when distributing to healthcare and/or government entities? How will you advertise?

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Jackson & Jackson

AUGUST 16, 2024

The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners. Wildfires, in particular, have become a significant concern for insurers in California.

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InsuredMine

MAY 2, 2024

Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? At the center of this digital transformation lies efficient and effective tools called APIs.

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Bankers Insurance

JULY 22, 2024

The Westfield Insurance Foundation, an independent private foundation endowed by Westfield, awards the donations to support their top agents’ local communities. said Ed Largent, Westfield president, CEO, board chair and Westfield Insurance Foundation chairman. It’s a great feeling to link arms with our agents and make an impact.” “The

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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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Majesco

APRIL 25, 2024

Policy management flows smoothly from shortstop (underwriting) to second base (billing) to first base (customer service). Why is GenAI the hottest topic in the industry? Loss Control: Expanded premium audit capabilities, improved scalability, and optimized onboarding processes to efficiently manage evolving risk landscapes.

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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. Risk Management Considerations There are many factors that come into play when considering the environmental conditions that lead to the growth of mold.

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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. first appeared on Blog | Shield Insurance Agency.

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Triple-I: Business Insurance

JUNE 8, 2022

“Insurers who prioritize focus on sustainability will be making smart long-term business decisions that will positively impact their future relevance and growth. The key is to match innovative risk transfers with risk prevention and assign accountability within an executive team to ensure goals are top of mind.”

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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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Jackson & Jackson

MAY 22, 2024

However, with great opportunities come great risks. Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. It protects against perils like fire, explosions, storms, and other risks outlined in the policy.

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Majesco

JUNE 27, 2024

Part of the buzz is that the insurance industry is waking up to a realization that the operational models and technology foundations used for decades no longer meet the challenges and opportunities of today’s fast-changing world. AI/ML is great for underwriting, fraud, and servicing models, which was discussed in numerous panels.

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Majesco

JULY 25, 2024

[i] This has generated a whole new business model that will rapidly separate Leaders from Followers, as Majesco pointed out in its Core Systems report , Realignment in Insurance: Legacy Core Impact. ii] AI and Generative AI in insurance, for example, significantly accelerates digitization for insurers. Mind the gap!

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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). Technology and risk trends beg for a response from insurance executives.

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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. Risk is growing and becoming more complex and frequent. But the problem with incrementalism is synchronization.

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Brokers’ Service Marketing Group

JULY 27, 2023

Applying for life insurance can be an arduous process for clients. By setting expectations, you can help your clients avert any pain points and create a more positive experience. Check out these “Helpful Hints” from NAILBA to make sure your clients know what to expect.

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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. Without legislative change, banks and insurers can’t do business with business without risking running afoul of federal drug laws.

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