Six Things |December 7, 2021

IoT comes into focus. Plus, dramatic shift in underwriting ahead; premature failure in CPVC pipes; 5 trends to watch in commercial auto; and more.

Insurance Thought Leadership

December 8, 2021

IoT Comes Into Focus

Paul Carroll, Editor-in-Chief of ITL

Now that we've been talking about the Internet of Things for a decade-plus and have been deploying it for several years, reality and fantasy are separating out. A new report from McKinsey offers some sharp insights both into how the IoT will develop from here and into how companies -- including many insurers -- should adjust as they try to use the IoT in products and services.

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SIX THINGS

How AI Can Solve Prior Authorization
by Mark Scott

Physicians spend nearly two full business days per week on prior authorization requests as part of an antiquated, manual process.

Dramatic Shift in Underwriting Ahead
by Denise Garth

With the world changing, commercial underwriting is going to be called on to minimize the impact of complex risk on an ever-riskier world.

After Finding Success in Ohio, Beam Dental is All Smiles

Are MGAs Ready for Next Wave?
by Mark Breading

Without strategies focused on innovation and investment, MGAs could face business roadblocks as a distribution revolution unfolds.

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Premature Failure in CPVC Pipes
by Dan Robles

"Quats" solved the toxic mold problem in real estate, but CPVC pipes exposed to quats are now beginning to fail – sometimes catastrophically.

Simulator Gamifies Underwriter Training
by Huw Newton-Hill

An “underwriter simulator” program of gamified learning and 3D interactive scenarios redefines what's possible for workforce training.

5 Trends to Watch in Commercial Auto
by Steve McOrmond

“We believe underwriting profits for commercial auto insurers will likely remain elusive as the economy opens back up,” S&P says.

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Insurance Thought Leadership

Insurance Thought Leadership (ITL) delivers engaging, informative articles from our global network of thought leaders and decision makers. Their insights are transforming the insurance and risk management marketplace through knowledge sharing, big ideas on a wide variety of topics, and lessons learned through real-life applications of innovative technology.

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