That specificity has made it harder for commercial insurers to keep pace with evolving customer needs. AI can help fill that ...
Data scientists know that artificial intelligence and predictive modeling leads to some bias in underwriting. What they don't always know are the ways and the extent of the negative impact. More ...
The age-old insurance underwriting model worked well for a traditional environment of slower and more predictable change, with similar processes and risk evaluation methods across insurers. Today, the ...
Life insurance companies use a process called underwriting to evaluate your risk factors, decide whether to approve your application and determine your premium. Traditional underwriting, which usually ...
The world of insurance underwriting has been a steady and unchanging force for over four centuries. It's a domain where risk assessment and pricing are deeply rooted in historical data, often locked ...
The insurance industry is adapting to the rise of generative artificial intelligence (AI) by incorporating it into its underwriting processes amid looming cyber threats, some of which may also utilize ...
When applying for life insurance, the underwriting process is a critical step to determine the policyholder's risk and premium. At CG Insurance, we pride ourselves on a customer-centric approach that ...
Discover how insurance companies manage current liquidity to cover liabilities with liquid assets. Learn the significance of ...
InsuranceNewsNet sat down with three top providers of insurance AI solutions to understand where AI developments are headed in the industry.
Underwriting decisions often drive more economic value in life insurance planning than carrier selection, product design or illustrated pricing, yet underwriting is where many professionals spend the ...
‘Underwriting Our Planet’ finds that rather than addressing climate change and biodiversity loss, many economic activities underwritten by insurance companies actually fuel the twin crises. “The ...
Understanding how and why insurer make decisions could improve your chances of getting the policy and price you want Written By Written by Insurance Writer, Buy Side John is a staff writer at Buy Side ...