Global Trend Map No. 15: Products By Alexander Cherry It has become clear that product development can no longer occur in silos, with one function creating products for another function to sell.
What Happens When You Become a Verb By Andrew Robinson Why one insurtech that is putting structure to critical claims and underwriting data is becoming part of the industry’s lexicon.
Underwriting Lessons From the PGA By John Johansen Outdated analytic techniques can hide strategic opportunities, and up-and-comers will use more sources and more relevant data.
How Underwriting Is Being Transformed By Gail McGiffin An EY survey finds that initial use cases are narrowly defined but that technologies are advancing key capabilities.
The Next Step in Underwriting By John Siegman Lenders draw data on individuals from all three credit bureaus. Why don't insurers do the same with the three sources of hazard data?
Opportunities in the Sharing Economy By Robin Roberson The sharing economy is exposing situations in which new liabilities need coverage. Many are not covered by standard insurance policies.
When Big Data Can Define Pricing (Part 2) By Ivelin M. Zvezdov Algorithms have been developed and are moving from a proof-of-concept phase in academia to implementations in insurance firms.
A New Way to Develop Products By Mike Fitzgerald If you spend $1 on development in the traditional approach, what would it cost you using today's tools and techniques? Pennies.
Auto Insurance in an Existential Crisis By Stephen Applebaum Alan Demers The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.
The Promise of Continuous Underwriting By Bill Deemer Bobby Touran Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
Convergence and the Insurance Ecosystem By Stephen Applebaum Alan Demers Companies must anticipate the future, innovate beyond their core and transform their capabilities as rapidly as technology allows.
Lemonade's 'Synthetic Agent' Nonsense By Matteo Carbone Desperate for growth, Lemonade produces another howler: A lender receiving a 16% interest rate is presented as a (synthetic) agent.