Building an Impactful Insurer

| February 18, 2020

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What are the key lessons learned while building an impactful insurer among strict regulation and entrenched incumbents? In this talk, Lydia Ramsey (Senior Health Reporter at Business Insider) chats with Vivek Garipalli (CEO of Clover Health) on the journey of creating a health insurer. They discuss how Clover Health was created with the purpose of reducing animosity between health providers and insurers, and to figure a new model to align the incentives of healthcare ecosystem.

Spotlight

CompWest Insurance

CompWest is a dynamic provider of workers' compensation insurance headquartered in Santa Ana, Calif. and serving California and Western states. Our business philosophy is simple: We EMBRACE workers who are injured on the job and expedite their return to work. We EMPOWER business owners to take control of their workers’ compensation costs. And we INVEST in claims adjusters who provide the best care and guidance.

OTHER ARTICLES

How Are Chatbots and Artificial Intelligence Are Adding Value To The Insurance Sector

Article | April 7, 2020

Chatbots are capable of providing one-on-one consultancy to website visitors, customers, as well as internal employees. In the insurance industry, this is vital, as it is a large, complex industry that customers and employees alike may have questions about. Where do chatbots fit in within the insurance industry? One of our chatbot experts has crafted a list of key areas for chatbots in the insurance industry.

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INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING

Article | February 21, 2020

The vibrant combination of insurance services and technical innovation takes a swing at the insurance sector. Let’s look at the current state of the market and how it pushes insurers toward rethinking risk scoring and underwriting procedures. In a global sense, the insurance industry is safe and sound. The sector is growing steadily, showing overall profitability.

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How Big Data is Impacting Client Expertise in Insurance Industry?

Article | February 19, 2020

Big data has helped the financial services industry, including with the insurance industry, evolve like never before. Maximum count of traditional insurers and insurance corporations are preferring big data analytics to boost client expertise. Moreover, insurers are utilizing massive big data to its fullest capability or are there scope to try and do more? The insurance regulator has already allowed a sandbox, a mechanism to promote and facilitate innovation, and currently, the Federal Reserve Bank of Asian country has planned a sandbox for fintechs. Disha Sanghvi asks specialists if this may cause higher utilization of massive information and a lot of innovation within the insurance space.

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3 ways AI is transforming the insurance industry

Article | February 24, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes,” consulting firm Accenture forecasted in 2017.

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Spotlight

CompWest Insurance

CompWest is a dynamic provider of workers' compensation insurance headquartered in Santa Ana, Calif. and serving California and Western states. Our business philosophy is simple: We EMBRACE workers who are injured on the job and expedite their return to work. We EMPOWER business owners to take control of their workers’ compensation costs. And we INVEST in claims adjusters who provide the best care and guidance.

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