Auto Insurance Rates Are on the Rise - Here’s Why

capitalgazette | May 22, 2019

Auto Insurance Rates Are on the Rise - Here’s Why
Auto insurance rates have been climbing up at a steady rate lately, and this is becoming more and more obvious to the average person. In fact, some people have started to get worried about the situation and the implications it holds for the future. And the worst part is, many of those people have a very poor understanding of the auto insurance market and how it works, and as a result have no idea what's causing these changes. Understanding the current market dynamics is important if you want to get the best deal on your own insurance, and it's even more important if you're planning any big purchases of this type in the future. You have to make sure that you can get the best deal on your future insurance plans.

Spotlight

The U.S. health care system does not work as well as it could, or should. Prices are high and vary in seemingly incoherent ways, yet quality of care is uneven, and the system lacks the innovation and dynamism that characterizes much of the rest of our economy. The dearth of competition in our health care markets is a key reason for this dysfunction.

Spotlight

The U.S. health care system does not work as well as it could, or should. Prices are high and vary in seemingly incoherent ways, yet quality of care is uneven, and the system lacks the innovation and dynamism that characterizes much of the rest of our economy. The dearth of competition in our health care markets is a key reason for this dysfunction.

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Noyo Secures $12.5M Series A Funding and Announced Partnerships with Humana, Ameritas

Cision PR Newswire | September 28, 2020

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INSURANCE TECHNOLOGY

Patra Partners with expert.ai to Develop Explainable and Practical AI Solutions for Policy Checking

Patra, expert.ai | February 18, 2021

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By incorporating expert.ai's front line AI capacities, Patra improves quality, lessens contact, and drives out shortcomings during the time spent physically inspecting and cross-approving handfuls to many pages of text for some random policy. These capacities encourage a more profound understanding of information, empowering beforehand unattainable experiences because of the tremendous and complex nature of language semantics. In cooperating, the two organizations are fulfilling the developing requests in the insurance business of utilizing progressed natural language and ML capacities to address difficulties in policy checking hazard openness. With near 80% of the data inside the insurance business being unstructured information, insightful robotization dependent on human-like understanding is a basic factor for upper hand, as it expands limit, decreasing failures and high-hazard weaknesses. By applying the force of artificial intelligence to policy checking, Patra is giving offices, wholesalers, MGAs, and transporters a superior understanding of their book of business and assisting them with understanding estimating practices and inclusion elements by hazard hunger. These abilities will release another age of chances, including proactive warnings versus receptive revelations. "With expert.ai, Patra is unlocking the ability for clients to be alerted of policy inaccuracies, reduce E&O exposures, drive cost savings, create additional value for our services, and push the limits of today's technology," said John Simpson, CEO and Founder of Patra. "Policy Checking has been one of the insurance industry's biggest challenges for decades. 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