Fraud in Life Insurance: Technology Is the Shield

At the recent Consumer Electronics show in Las Vegas, there was one superstar present: the Internet of Things (IoT). Why the interest? The IoT holds the promise to make our personal and professional lives easier. But what does the IoT mean for insurance? For two years, the Insurance 2025 Study Group (I2SG)† has been talking about the implications of connected physical objects on insurance. And the implications are big!

In the dynamic world of telematics and usage-based insurance (UBI), auto insurers must stay on the cutting edge to achieve business performance and meet evolving consumer expectations. In this session, learn how Verisk’s next-generation DrivingDNA Score can simplify your path to market entry, enhance the UBI customer experience, and support profitable growth.

The inseparable duo of underwriting and pricing has just found its third partner - automation. In a Research and Market report, The automated machine learning (AutoML) industry was valued at $346.2 million in 2020. The industry is estimated to grow by 4283% to $15 billion in ten years. Yet, a 2020 Accenture report shows that 85% of customers are not satisfied with the speed of the underwriting process. The implementation and evolution of AutoML can speed up that process and significantly increase the customer experience and gain you customers. But where is this technology headed? What are the barriers? And how can we best ride the wave of an evolving automation landscape?

Landing in 2020 – Europe’s leading insurance conference is coming to America.Insurance Innovators: USA will bring together key stakeholders from across the full spectrum of the American insurance industry; from traditional carriers and insurtech disruptors, to investors and solution providers. This event is a one-stop shop to make those all-important connections and gather information on the latest trends and innovations.