Insights
6 Ways Insurers Are Using AI in Underwriting
There’s a lot of talk about artificial intelligence (AI) in insurance, but how exactly are insurers leveraging new AI and machine learning (ML) capabilities? Whereas
Top Auto Insurance Trends Now
What’s happening in auto insurance right now? Let’s take a look at 10 significant auto insurance trends impacting operations, losses, and customer satisfaction. 1. Property
How Can Insurers Prepare for A Wave of AI Regulation?
AI is booming, and this may lead to a new wave of AI regulation. For insurance companies trying to refine their AI strategy, the possibility
Are You A Competitor or A Spectator?
Sometimes a wait-and-see approach makes sense. Deciding whether to leverage new technologies is not one of those times. Progressive’s use of emerging AI tools is
What Is Deep Learning and What Does It Mean For Insurance?
As the insurance industry delves deeper into AI, insurance professionals are encountering many new terms. However, many of these terms are not actually new. “Deep
The Great Policyholder Migration: How Auto Insurers Can Capitalize
Auto insurance policyholders are fleeing their insurers. Recent figures are both alarming and intriguing. It’s true that some auto insurers will lose customers, but most
Overcoming Bias in Auto Insurance Underwriting
Bias in auto insurance underwriting is a serious risk. Biased practices can lead to lawsuits and regulatory action. They can also cause some drivers to
Overcoming Adverse Selection in Auto Insurance
When insurance underwriters don’t have the full picture regarding an applicant’s risk, they are at a disadvantage. This imbalance – in which the insurance applicant
Proactively Overcoming Auto Insurance Fraud
Insurance fraud is a problem that just won’t go away – but could that change? Although bad actors will always try to find ways to