AI and Underwriting: Yes, They Are Better Together
AI and Underwriting: Yes, They Are Better Together Online applications, consumer-completed applications, accelerated underwriting, algorithmic underwriting — it doesn’t matter what you call it, the goal is the same: Instant gratification for your digital customers that feeds the bottom line. Companies are rapidly transitioning their user experiences online to provide competitive customer experiences, which increasingly […]
How To Catch Insurance Agent Fraud & Prevent Gaming
How To Catch Auto Insurance Agent Fraud & Prevent Gaming Insurance agent fraud is nothing new. But if your agents were “gaming” the system, would you see it coming? Fraud continues to evolve and affect the auto industry, resulting in billions of wasted dollars every year. While we’d like to believe the majority of fraudulent […]
Why is capturing digital body language so important for insurers?
Digital Body Language – Everything You Need To Know Digital body language is online user behavior that can predict intent, indicate fraudulent behavior, and reveal nuances that are shaping customer experiences. More and more insurance leaders are prioritizing access to digital body language. Are you? In this article, we uncover why digital body language is […]
Life Insurance Fraud Detection from Online Applicants
Life Insurance Fraud Detection from Online Applicants Insurance fraud is nothing new. In fact, examples of insurance fraud can be traced all the way back to 1862 in what’s now called “The Phantom Ship” scheme. Life insurance fraud is no exception and as companies continue their digital transformations and move their applications/experiences online, the problem […]
Data Science in the Digital Insurance World
Data Science in Insurance Data science in insurance has come a long way from the days of punch cards and floppy disks to the modern data collection capabilities of analyzing thousands of gigabytes per second. Paired with the right software, insurers can use advanced data science to score risk in real-time, increase profit, and improve […]
Is Fluidless Underwriting Here to Stay?
Fluidless Underwriting in Insurance Life Insurance Underwriting isn’t Changing, it’s Changed. 5 years ago I purchased a life insurance policy. Last week, my friend bought a life insurance policy. My experience took over 30 days. His took under 30 minutes. Here was my experience: Financial advisor convinced me to buy Phone call with his admin […]