Turning Digital Behaviors into Real-Time Actionable Insights in P&C Insurance
Turning Digital Behaviors into Real-Time Actionable Insights in P&C Insurance As P&C carriers look for ways to combat the rise in risk, fraud, and leakage during the digital underwriting process while providing a positive user experience, the ability to harness actionable insights from digital behaviors has increasingly become a competitive advantage. ForMotiv is at the […]
Uncovering the Hidden Truth: The Growing Challenge of Nondisclosure in Life Insurance
Uncovering the Hidden Truth: The Growing Challenge of Nondisclosure in Life Insurance One of the most pressing issues for life insurance carriers, as they migrate to digital and accelerated underwriting, is the rising prevalence of nondisclosure and material misrepresentation. According to industry estimates, over 7% of life insurance policies written contain some form of non- […]
Predictive Analytics in Insurance – Top 6 Use Cases for 2024
Predictive Analytics in Insurance | Top 6 Use Cases for 2024 The rapid advancement of data science, machine learning, and predictive analytics in insurance is setting 2024 up to be an exciting year in the insurance space. These tools have become the backbone of modern insurance operations, reshaping everything from risk assessment to customer engagement […]
A letter from our CEO…2023 recap and some 2024 predictions
Looking Back at 2023 and Some Thoughts on 2024 As we reflect on the successes of 2023 and express gratitude to our customers, partners, and employees for pushing the boundaries of insurance digital experiences, it’s clear that 2023 has been a pivotal year for our business and the insurance industry more broadly. The evolving landscape […]
Top Real-Time Data Providers for Underwriting
Leveraging Real-Time Data Providers to Enhance Underwriting Accuracy in P&C and Life Insurance The insurance industry has seen a remarkable transformation in recent years, with data playing a pivotal role in accelerating underwriting processes. As carriers increasingly push for accelerated underwriting and instant decisions, there has been a similar push for real-time datasets to enable […]
Solving the Insurance Customer Experience x Risk Equation
Insurance Customer Experiences: Solving the Risk vs. Security Equation for Life and P&C Carriers Insurance customer experiences are moving online. With that, nearly every Life and P&C carrier we speak with is focused on providing a better digital experience and increasing the percentage of policies they sell online. The challenge they’re facing, however, is controlling […]