Underwriting

Insurers can’t rely on previous wildfire seasons or events, They need a more strategic approach that goes well beyond a single risk score.

With AI and high-resolution geospatial imagery, it has become possible to achieve high-precision, nationwide, building-based geocoding.

Insurers must show renewed focus if they are to adapt and continue to cushion the various sectors of the economy from risks and shocks.

Start looking ahead, through the windshield. Product development in insurance has relied on a historical view, but that needs to change.

While the insurance industry is a late adopter, carriers and insurtechs can take advantage of a market that is ripe for change.

Agencies must bring products to market quickly, or lose valuable business. Technology is key, but only if you choose your system wisely.

You do not have to be the most creative person in the world to design an insurance product. Asking the right questions is enough.

Analyzing freely available competitor data can uncover the easiest points of entry into a market for a new insurance program.