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 […]
ForMotiv Raises $6M Seed+ Round on the Heels of 500 Percent Growth in 2021
ForMotiv’s Behavioral Intelligence Platform is Trusted by Fortune 500s to Analyze Digital Behavior, Improve Customer Experience, and Ultimately Reduce Risk and Fraud PHILADELPHIA – September 28, 2021 – ForMotiv, the leader in digital behavioral data capture and predictive analytics solutions used by Fortune 500 insurance carriers and financial institutions carriers globally, today announced its $6M […]
Major Themes from Reuter’s Events: “Insurance AI & Innovative Tech”
Last week we attended Reuter’s Events: “Insurance AI & Innovative Tech” which included hundreds of experienced insurance executives in addition to thousands of other insurance professionals. The event was jam-packed with informative keynotes, live Q&As, and fireside chats that spanned over 3 days. Knowing not everyone who wanted to attend could, we figured we’d give […]
Predictive Analytics in Life Insurance | Top Use Cases
Predictive Analytics in Life Insurance Predictive analytics in Life insurance isn’t exactly a new concept. In fact, actuaries have been using forms of predictive analytics for hundreds of years. And for hundreds of years, actuaries have used estimates of life expectancy in the form of mortality tables that reflect aggregate insured population mortality1. This, coupled […]
Smoker’s Amnesia? There’s a solution for tobacco usage nondisclosure
Tobacco Usage Nondisclosure | Stop letting tobacco usage burn your bottom line Tobacco usage nondisclosure is consistently one of the top challenges Life Insurers face. Newly launched InsurTechs (i.e. Ladder Life and recently announced Lemonade Life) have already been setting themselves apart from legacy carriers by adopting accelerated underwriting and drastically reducing or eliminating the […]