3 INSURANCE UNDERWRITING PREDICTIONS FOR 2019 AND BEYOND

SHAY ALON | November 13, 2018

article image
Could 2019 be the year of an underwriting technology transformation? We’re not yet ready to make that prediction, but we do see the makings of a transformation, as more insurers invest in technologies that they believe will deliver solid returns to their top and bottom lines. In fact, underwriting is the second-largest category within the growing life insurtech investment sector. It’s second only to investments in distribution and marketing, according to Accenture Research.

Spotlight

dbn actuaries pty ltd

dbn actuaries pty ltd provides actuarial advice and strategic insight to the private health insurance sector in Australia. With strong expertise in private health insurance, dbn actuaries provide various services which include industry analysis, Appointed Actuary role, Financial Condition Reports, product development and pricing, risk equalization, risk and capital management, strategic and business planning, financial and statistical analysis and demutualization, mergers and acquisitions.

OTHER ARTICLES

What does the landlord insurance cover?

Article | February 27, 2020

Owning real estate is a great way to build long-term wealth. For those that are in the Selden, NY area and would like to build personal equity, getting an investment property could be a great option. If you do own a rental real estate asset, you need to consider your unique insurance needs. To ensure that you and your property are properly covered by insurance, you need to get a quality landlord insurance policy. A landlord insurance policy will protect you a few different ways to ensure you and your assets are protected.

Read More

Insurance Chatbots: Optimizing Customer Experiences

Article | April 13, 2020

Artificial intelligence (AI) has changed the insurance industry – and customer service is no exception. One of the most common forms of AI are the use of chatbots, which Forbes defines as “software functionality that is designed to receive conversational input through text of voice and then generate a response that is also in natural language.” In other words, instead of interacting with a human, you’re “chatting” with a bot that’s programmed to understand your questions and direct you to the right place.

Read More

BANKS CAN TEACH INSURERS HOW TO TURN DATA INTO PROFITS

Article | April 9, 2020

Open banking rules, particularly PSD2 regulations in Europe, have forced banks to share their customer information. Some progressive lenders have turned this threat to their businesses into a big opportunity. They’re using data-sharing ecosystems to reach more customers and launch new products. They’re also teaming up with promising business partners and expanding into fresh markets.

Read More

How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | February 14, 2020

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

Read More

Spotlight

dbn actuaries pty ltd

dbn actuaries pty ltd provides actuarial advice and strategic insight to the private health insurance sector in Australia. With strong expertise in private health insurance, dbn actuaries provide various services which include industry analysis, Appointed Actuary role, Financial Condition Reports, product development and pricing, risk equalization, risk and capital management, strategic and business planning, financial and statistical analysis and demutualization, mergers and acquisitions.

Events