Critical Information for P/C Carrier Executives
| | | Today's Headlines | October 23, 2020 |
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| Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. "The second thing that has got to be present for those transformations to occur is that technology actually has morphed and evolved enough to be harnessed to accelerate those changes,"... read more |
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| Artificial intelligence is having a positive impact on the industry. There are substantial use cases in almost every part of the insurance business, from policy administration and claims to customer service. AI can improve fraud detection and claims processing without human intervention from reporting through capturing damage, audit and communication with the customer. For customer... read more |
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| Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience and deliver higher higher quality claims service. read more |
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| If COVID-19 behaves like other workers' compensation lung and disease claims, about two out of 100 cases may result in some degree of permanent partial disability and one out of 2,000 may result in permanent total disability, according to a new report by the National Council on Compensation Insurance. read more |
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| W.R. Berkley Corp.'s 2020 third quarter financial results landed on the strong side despite a dip in net income and more COVID-19 losses, a result the company credits to rate hikes and underwriting discipline. read more |
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| A Hiscox veteran plans to join PartnerRe as the first-ever CEO of Third Party Capital, and the unit will become a key component of the reinsurer's overall business strategy, the company said. read more |
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| The U.S. auto safety regulator on Thursday said it was closely watching Tesla Inc's release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks. read more |
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| More than half of working adults are concerned about losing their jobs in the next 12 months. However, two-thirds of workers believe they can learn the skills needed for the jobs of the future through their current employer, according to a new global survey. The World Economic Forum-Ipsos survey of more than 12,000 working adults... read more |
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| Given today's environment, how has the value proposition and adoption of smart ...
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| Influencing the auto insurance claims process from the moment of impact reduces ...
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| The impact AI technology is having on carrier operations is both cost saving ...
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| Are you prepared for March 19, 2021? On that date, Nacha's ACH Account ...
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| COVID has accelerated carriers into a full virtual future requiring rapid ...
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