Insure Think

Evidence of the cloud's inherent strengths accumulate as its perceived drawbacks and limitations wane.

Telematics can make customer acquisition and retention smoother and less costly.

Many people are unaware of the product and that it could potentially cover pregnancy.

Roadside assistance has an outsized effect on the customer experience.

Younger people perceive their risk acutely, and react in similar ways despite their income level.

Nonprofits are experiencing higher costs and greater restrictions on coverage.

Insurance organizations must identify where true exposure and business risk hide.

What word would you pick to describe the future of underwriting?

ML can mitigate the risk of insurance fraud, among other applications.

Crash detection technology has the potential to save lives and reduce claims expenses.

The industry is continuing to evolve and find new ways to leverage technology.

It is critical to leverage an integrated data strategy, optimized processes and effective utilization of underwriting talent.

Protecting cryptocurrency companies is a challenge for commercial insurers.

Success depends on people, culture and processes.

Automation can enable insurance providers to resolve common policyholder requests faster.

Most consumers expect their insurance company to be able to interact with them through all digital channels.

To realize the full value of data as an asset takes more than the right algorithm.

Insurance companies experiment with ways to make the experience as painless and hassle-free as possible for consumers.

There are countless ways to maximize and leverage the power of technology and the accessibility of public information to improve processes and products.

The rise of the IoT has led to a true data explosion.

The key to easing technological anxieties is to understand all your audiences’ needs.

D2C policy acquisition and servicing aren’t as hard as they might look.

SMA asked agencies and carriers how they expect personal lines distribution to change in the next five years.

One example of a typical deep learning application is pattern recognition applied to digital images.

Big data provides an opportunity to instantly know more about a business than ever before.

Technology advances like cloud storage can help policyholders be prepared for potential claims.

Tech-led insurance offerings are the modern solution to bridge coverage gaps and standardize protection for global companies.

An emerging trend that is spreading out into new regions of the country.

The push comes from the available technology and customer desire. Younger customers, especially, want services via digital platforms.

New products can help insurtechs stand out from the competition and boost profit margins. Successful distribution, though, requires a strategy.

The industry’s reliance on historical loss data and traditional catastrophe models is limiting its understanding of future climate risks.

Why are companies outsourcing today? The simple answer: there’s a massive shortage of talent.

Carriers are increasingly uncovering opportunities to reach new audiences.

One way that digital is supporting cybersecurity is with the use of enterprise password management software.

The industry will increasingly harness data to meet the growing expectations and demands of switched-on consumers.

SMA surveyed insurance professionals to understand how companies are approaching talent in 2022 and beyond.

Solving for the customer resolves retention issues.

A real-world use case for AI and ML is leveraging it to analyze and extract insights from unstructured data.

A recent SMA study shows that 41% of personal lines insurers are revisiting their digital transformation strategies in 2022.

Tornado damage can leave lasting financial burdens on the homeowners they affect.

Technology plays a key role in meeting customers where they are and capitalizing on market opportunities.

Liberty Mutual and Safeco’s 2022 Agency Growth Study surveyed independent agents and found that 56% planned to be back in the office full-time.

Becoming data-driven requires patience, but will pay off.

Creating an open API architecture gives mid-size agencies the modern, digital-first tools to compete with larger insurance players.

Insurtechs have made it easier for consumers, or the agents and brokers representing them, to get quoted for coverage.

Aviation faces significant challenges that are affecting rates and challenges attracting and retaining highly skilled talent.

The numbers don’t lie; investors and companies benefit financially by making more sustainable investments.

The application of emerging technologies has enabled insurtechs to be years ahead of traditional insurers.

The sector has leveraged the pandemic as a catalyst to accelerate a broad digital agenda.

Selecting the best solutions requires a focus on design and user experience.

The next few years will determine the insurtech winners in an increasingly polarized competitive landscape.

The digital marketplace brings agents, carriers, customers, MGAs and others involved in insurance distribution together.