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How AI Estimating Helps Auto Insurers in Inflationary Times
According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a ...
How Insurers Can Retain Skilled IT Talent With Workload Automation and Orchestration
Insurance companies faced a growing labor shortage before the pandemic, but now the challenge of hiring and retaining skilled workers is even more significant. In late 2021, millions of Americans ...
How to Avoid Ghosting: Move Fast, But Not Too Fast, to Hire
Property/casualty insurance carriers looking to hire talent in 2022 need to move quickly to snap up in-demand professionals, including sought-after claims professionals and underwriters with multiple ...
Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an ...
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. "I don't ...
Solving Climate Change Starts With the C-Suite
From a global pandemic to unprecedented racial, social and political turmoil, to sustainability and climate change, senior executives across industries have been forced to deal with a range of issues ...
Amazon and Netflix: Role Models for Insurers? Really?
Technology is a useful servant but a dangerous master. —Christian Lous Lange It is far too easy for people, including those who should know better—such as insurance industry professionals, ...
How Insurers Can ‘Leapfrog the Competition’ With the Use of AI and Machine Learning
The use of artificial intelligence technology is accelerating in the insurance industry both on the claims and underwriting fronts, according to Stan Smith, founder and CEO of GradientAI, and ...