Insure Think

Underwriting depends on data, and data—how we source it, how we analyze it, and how we use it—is evolving at an exponential pace.

Working together with new incumbents, customers and internal employees is a trend we will see take off.

Across the sales value chain, insurer executives generally have low satisfaction with digital sales capabilities.

The conversion process can be fraught with integration complexities.

Between changing public perception and promising preliminary data, it's possible that ketamine, MDMA and psilocybin may be covered for mental health treatments.

What is the clear, differentiated product or service we offer our customers that gives us a competitive, sustainable advantage versus our peers?

The insurance and collision repair industries will see a wider range within the claim and repair mix.

Life insurance helps replace your income after you die by paying a benefit directly to any beneficiaries you choose, such as your spouse, partner, children or other loved ones. 

Appraisal and eventual sale on the secondary market of a policy no longer needed can make sense for older clients, says an industry expert.

AI tools can help insurers with historical loss projections more effectively predict the impacts of future catastrophes.

The National Flood Insurance Program is a primary source of flood insurance but Risk Rating 2.0, could change that.

The need is clear for a more cohesive and comprehensive approach, including a combination of digital eldercare services and re-invented insurance products.

Data issues hinder the member experience and cause premium loss for carriers.

If your systems aren't serving you, simple upgrades can make your life — and employees' lives — much simpler.

A new research report from SMA reveals that 85% of personal lines insurers are currently developing or deploying channel expansion strategies.

Not every member of a workforce wants to engage with benefits (or technology) in the same way. How a hybrid approach can serve your entire team.

Both have a mutual goal of keeping systems secure and their customers' information private.

Three examples of how industry leaders are building brands and growth strategies based on personalization.

Intelligent automation software and responsive smart forms are vital for a frictionless user experience.

Without transparency and open communication throughout an insurance organization, precious data is liable to go to waste.

Transformational technologies will also be critical in advancing personal lines underwriting, with 81% of insurers saying they are pushing transformation forward.

The growing appeal of low-code lies in its ability to democratize application development outside of technical roles.

Three steps for businesses to make progress on an initial climate risk assessment and goals.

As the use of AR and VR technologies continues to accelerate, insurance businesses may be able to perform more critical operations in the metaverse.

The initiatives at the top of insurers' agendas in 2022 include those involving data and analytics.

Usage-based insurance models stand to cut costs for both insurers and the insured.

Sean Burgess, chief claims officer at Lemonade, writes about preventive measures to decrease car theft.

AI and ML can find patterns in data, but when they're trained on biased data, they can compound the issues and perpetuate a self-confirming data bias cycle.

Can time to first contact predict how well an adjuster will handle a claim journey from start to finish?

There is no cookie-cutter way to establish an MGA these days.

In-vehicle data from embedded vehicle sensors is richer, more reliable, convenient and cost-effective.

A good cyber insurance policy should cover ransomware incidents.

With the drive towards electric vehicles, there are questions on how the transformation and newest technology will influence car insurance.

Is it possible for an insurer to help prevent damages and delays? Yes.

The industry is shaping ESG adoption on a world scale and a comprehensive ESG plan should include a focus on data.

Agencies and insurers focused on the segment are often the pioneers of innovative, new approaches in distribution.

High-resolution, high-frequency imagery assists insurers with claims processing, underwriting and post-disaster property inspections.

The cloud and SaaS can ensure that businesses are able to operate in real-time.

Insurance companies need to embrace decentralization and self-service.

Property and casualty insurers can benefit from tools and data that enable them to assess damage and address claims quickly.

How do you maximize efficiency in the application, quoting, and claims process and not invite new or additional fraudulent activity?

Recent data illustrates that the future of the workforce is flexible by way of autonomy.

Unlike the launch of Google Compare several years ago, insurers are taking Amazon's UK launch of a home-insurance comparison site in stride.

Carriers need to focus on two things: defining where the value in cloud lies and building a partnership between business units and IT.

Findings from Embroker indicate that startup founders are shifting their focus to managing risks surrounding reputation and social responsibility.

Insurance needs can vary depending on the business.

Water damage is a real threat for anyone living on the coast, near rivers or other water sources.

Telematics shifts the conversation to both price and value.

The risks aren't necessarily new but the pace is.

Insurers need to rethink their approach to innovation, which is a complex, company-wide endeavor.

The area promises huge opportunities to gain experience and has the right infrastructure to power long-term growth.

Actuaries are the bridge between insurtech and the insurance industry.