Traditionally, the insurance industry is not known to be the ideal forum for talking about customer value journeys and customer engagement. The metric used in...
Most insurance companies find it challenging to attract and retain new customers, especially given that, traditionally, insurance has been a low-touch...
New technologies like AI are already part of our daily lives and are changing our lives in a big way. The insurance industry will not be spared in a revolution...
Most people working in the insurance industry have experienced some form of insurance fraud. From faking death in order to receive life insurance benefits to...
How AI in Insurance Revolutionizes Actuaries and Underwriters In insurance practice, as with any other business, more data means we can make better decisions....
Any underwriter or actuary will say that insurance is a data-driven business. However, a large volume of personal information is quickly becoming available...
As of 2019, life insurance industry revenues rose as high as $44.7 billion dollars, more than an 18% gain from the previous year. The volume of life and...
Use of Alternative Data in Underwriting: Insurance Regulations Insurers can use alternative data to accurately price life insurance, offer personalized and...
