Behind the Scenes of the Fastest Home & Auto Rollout in Modern Insurance History ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| INSURANCE RESEARCH & TRENDS | May 13, 2022 |
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Featured Whitepapers, Reports, & Webinars |
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| Whitepaper // Smart Choice | The Power of a Network Partnership for Independent Agents | Increasing numbers of new agency owners, existing independents, and former captive agents are looking to join agency networks to compete in a tough insurance market. In this paper, we'll share success stories of four agents - ranging from scratch start-ups, former captives and established multi-office agencies - who found a true partnership in Smart Choice, and their agencies have flourished. | Get this Whitepaper » | | |
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| Whitepaper // Arturo | Why Property Insurance Claims Professionals Need to Embrace A.I. Now | This dangerous combination of climate change and human behavior has made for a complicated quandary: how do you reduce losses in a more risky world, where there are more policyholders in risky areas? Preventing Mother Nature is a lost cause, but artificial intelligence can significantly improve preparation for and response to catastrophic events. Read this whitepaper to learn more. | Get this Whitepaper » | | |
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| Whitepaper // GIACT | Reducing Insurance Fraud Through Enhanced Identity Verification | According to the FBI, the insurance industry loses $40 billion per year to fraud. In fact, approximately 20 cents of every insurance premium dollar goes to covering the cost of fraud. Proper customer authentication can mitigate these insurance fraud losses while also creating a safer and faster onboarding experience for customers. | Get this Whitepaper » | | |
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| Whitepaper // UiPath | Automating for End-to-End Claims Processing | Automation is essential tothe insurance industry's digital transformation success. No-touch, straight-through claims processing is currently the biggestautomationopportunity for insurance.With well-planned, comprehensive claims processing, insurance leaders can craft custom experiences and drive business growth with operational efficiency. | Get this Whitepaper » | | |
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| Whitepaper // ODG by MCG | Top 10 Leading Types of Auto Injuries | This report by Senior Data Analyst Sarah Hoda Neyaz, MHA, PhD analyzes data from over 535,000 unique patients with over 16 million claim lines and provides insight into the true costs and treatment durations or the top 10 most common auto injuries. These findings presents an opportunity for better efficiencies in case management and the ability to identify high-risk cases using a data-driven approach. | Get this Whitepaper » | | |
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| Whitepaper // LexisNexis Risk Solutions | How to Create Seamless Claims Experiences | A clunky claims process = unhappy customers. This guide illustrates four ways that data and automation can smooth out the claims experience and increase customer satisfaction: 1) Self-service claims filing, 2) Automated workflow, 3) Data pre-fill, and 4) the human touch. | Get this Whitepaper » | | |
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| Whitepaper // Loveland Innovations | What Many P&C Execs Miss with Claims Digital Transformation | It's a new era. Sixty-eight percent of carriers now accept customer photos and videos for settling claims. Digitization, automation, and artificial intelligence are now being widely used to speed up the claims cycle and drive down costs. If you're still using traditional processes for claims handling, it's high time for a digital transformation. But before you jump in, it's important to understand what has changed and what technologies have emerged to meet evolving demand. | Get this Whitepaper » | | |
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| Whitepaper // Amwins Underwriting | Navigating a Sea of Uncertainty: 5 Reasons to Select a Cargo Policy | Port accumulation and trans-shipment delays. Extreme weather events. Fires at sea. These are just a few interconnected yet unpredictable components influencing our global economy every day - and for stakeholders in the risk-laden cargo industry, unknown layers of vulnerability are often revealed only at the worst of times. If your clients trust you to recommend the right coverage and reduce risk, overhead and operating costs for the long term, this industry insight article is for you. You'll deepen your understanding of today's risks, trends and carrier liability exclusions, and be better prepared to explain the value of complete coverage. | Get this Whitepaper » | | |
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| Whitepaper // Arturo | How to Move Towards a "Predict & Prevent" Mindset | Residential insurance has a greater amount of risk these days, and it can be challenging to reckon with the onslaught of natural disasters that result in more expensive payouts for inadequate premiums. Climate change has brought more than one insurance company to its knees, underscoring the challenge for today's carriers: the "detect-and-repair" methodology simply isn't cutting it. In this guide, you'll learn where we are today (technologically), what lessons property can learn from auto, and how claims activity can help focus on where to invest in "predict-and-prevent" technologies. | Get this Whitepaper » | | |
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| Whitepaper // Verisk | Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting | According to Harvard Business Review, low-quality data costs U.S. businesses $3.1 TRILLION each year. Especially for insurance carrier and MGA underwriters, it's essential to have high-quality data. Injecting low-quality data into an underwriting workflow can create a host of downstream problems, such as misclassifying risks, adverse selection, compliance risks, and inefficient workflows. Read this whitepaper if you're looking to automate your underwriting process and capture more small commercial business. | Get this Whitepaper » | | |
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| Whitepaper // Amwins Underwriting | Real-Time Insurance Reporting Amidst a Microchip Shortage | In this market insight article, we explore how real-time, frictionless reporting can prevent dealers from potentially underinsuring when and if inventory levels rise quickly, and the benefits to a retail agent. We'll also explore the practices of bundling financing and insurance solutions and how exploring an un-bundled financing and insurance solution can drive significant savings. | Get this Whitepaper » | | |
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| Whitepaper // Arturo | Demystifying AI in P&C Insurance | Today, there are four major forces that are putting pressure on the property and casualty (P&C) insurance industry: climate change, ... | | | |
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| Whitepaper // AgentSync | Grow Faster with Automated Producer Management | Don't let tedious, manual, repetitive producer management be a speed-bump for growth. Give your producers and support staff the freedom to grow your company quickly. Smart integrations from AgentSync enables easy onboarding at scale with NIPR integration, less time on administrative tasks, minimized compliance costs, and improved ease and speed of work. | Get this Whitepaper » | | |
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| Whitepaper // VCA Software | How Technology Can Dramatically Improve Claims Experience & Policyholder Satisfaction | This must-read white paper illuminates the role technology plays in solving two of the biggest insurance opportunities: increasing policyholder satisfaction and reducing customer churn. You'll discover surprising facts that illuminate why the claims experience matters so much, the three things that policyholders want most from their claims experience, and how the right claims management platform enables you to deliver on these expectations while humanizing the process. | Get this Whitepaper » | | |
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| Whitepaper // Ascend | E&S: A No-Brainer for Agency Growth | It's shaping up to be the best E&S lines market in U.S. history. Are you realizing the benefits? In this whitepaper, we'll look at the increasingly strong capacity for surplus lines, key drivers behind the growth, and why now is the perfect time for agents to grow their book of business outside the standard market. | Get this Whitepaper » | | |
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| Whitepaper // Black Kite | A Fight for Coverage: Cyber Insurance Risk in 2022 | This report analyzes the top 99 insurance companies by net premiums written in order better understand their cyber posture and the impact of increasing risk levels. You'll learn about the current state of ransomeware, digital supply chain risks, and steps you can take to mitigate cyber threats. | Get this Whitepaper » | | |
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