Home inspections have always been essential for accurate underwriting. However recent economic disruptions have put a pronounced pressure on rethinking the process and the value it provides to insurers.
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Over the past five years, wildfire has emerged as one of the preeminent natural perils impacting the United States, with events ranging from the first gigafire, to mass destruction of neighborhoods and businesses, and fires crossing state lines. And, with long-term projections showing that this trend will likely continue, it is more important than ever for insurers to have a holistic wildfire risk assessment toolkit with everything from comprehensive risk scoring, early detection and event tracking, probabilistic modelling, mitigation, and claims-based insights.
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Today’s insurance industry business environment is characterized by constant disruption, increasing competition, stagnant growth, increasing costs, new technologies, and shifting market and customer demands. These tectonic shifts are redefining the future of the insurance industry. In this environment, focusing on both operational and strategic innovation is more important than ever to effectively manage the current business while creating the future.
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Watch this webinar on-demand from the Insurtech Connect Asia Summit to learn how insurance companies in Asia are using intelligent automation, RPA and AI to improve the customer experience. Whether it's quote and bind, on-boarding, policy management or claims, intelligent automation has cemented its place as a strategic driver for transformation.
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