New Private Flood Insurance Rules Effective July 1, 2019: Policy, Procedures & Compliance

What you need to know about corporate liability from autonomy. How employee use of drones and autonomous vehicles is shifting the liability framework in the United States. What happens when companies start to use autonomous delivery vehicles or autonomous drone inspection vehicles .

A new season brings exciting changes to the Majesco product landscape to help our customers accelerate innovation with the launch of our Fall ’22 Release for all products. The pace and intensity of change within the insurance industry continues unabated, with customers the driving force. Customer behaviors and expectations, unleashed by technology, demand the insurance industry adapt to these ever-changing market needs with an outside in approach. Insurers must quickly adapt their mindsets, business and technology, or risk being left behind in a state of irrelevance.

A simple Google search for 'big data definition' returns over 70M hits in less than one second, and only one definition appears more than once among the first dozen hits. Is the fact that this volume and variety can be accessed with such velocity a testament to the democratization of data, or is the lack of clear veracity for any one definition a sign of revolution to come? Will insurance uses of big data be decided by insurance professionals like actuaries or regulators, or will consumers be the ultimate decision makers of how their data is used in insurance and beyond? In this session we use case studies to examine issues and stories surrounding big data in insurance, with a focus on regulation and governance issues. We also reflect on various solutions under discussion at both the national and state level to address big data and how actuaries can help decide its future.

One of the most troubling challenges of public records searches is the high rate of false-positive results – especially when certain PII, such as Social Security Number, is not included in the search input. When false positives run rampant, insurers are far less able to implement automation processes because adjusters must manually re-check information.