Evolution of UBI and Telematics in Insurance

Celent’s Tom Scales explores the future of an industry. Drawing on a recent report, Tom delves into his prognostications for the future as well as those of fellow analyst John Barr. The industry is changing at a rapid pace, from digital transformation, to fluidless underwriting, to transparency in compensation.

In the context of completing their lease, landlords, tenants, and their counsel must often try to interpret the dense and sometimes arcane provision dealing with insurance. While almost all leases require certain types of insurance to be purchased, the lessor and lessee might not understand exactly what is being required of them and why. This topic is intended to provide you with information regarding insurance provisions in commercial leases. In addition to reviewing the basic types of coverages that are usually required, this material will also explain what exactly these coverages are intended to insure and why they are important to the administration of the lease.

AI capabilities are rapidly maturing, and they represent a competitive advantage for insurers. Data science departments are tasked with developing AI-driven improvements for current solutions and processes.

Tech-savvy customers expect insurers to offer digital access to services. Those who don’t are putting their business at risk. View the on-demand webinar, “Winning New Customers with Better Service: A Real-Life Case Study of Digital Transformation,” to learn how The Hartford digitized and simplified their surety application process