The Future of Underwriting | Carriers Aim to Meet Consumer’s Expectations with Automation
The Future of Underwriting | Carriers Aim to Meet Consumer’s Expectations with Automation According to the 2023 Insurance Barometer Study, published by LIMRA, 41% of all US adults have an insurance need gap. This equates to 101 million adults and their families who are at risk should an unexpected illness or accident occur. How can […]
AI in Insurance Underwriting
AI in Insurance Underwriting | Leveraging Real-Time Data for a Competitive Edge In recent years, the insurance industry has undergone a significant transformation, largely due to developments in artificial intelligence (AI). While Generative AI is the topic du jour, we believe that carriers will be better served to focus on solutions that are insurance-specific and purpose-built […]
ForMotiv Welcomes Sue Tyler as Newest Board Member
ForMotiv Welcomes Sue Tyler as Newest Board Member, Leveraging Her Extensive Insurance Background and Leadership Expertise Philadelphia, September 2023 — ForMotiv, a leader in Behavioral Data Science, is thrilled to announce the appointment of Sue Tyler as the latest addition to its esteemed board of directors. With an exceptional career spanning various sectors of the […]
Life Insurance Predictions for 2H 2023
Life Insurance Predictions for 2H 2023 As an encore to our latest article discussing predictions for the P&C market in 2023, read on for our life insurance predictions and expectations for the second half of 2023. Increased Investment in Digital Distribution Channels The momentum gained in digital transformation over the past years will continue in […]
P&C Insurance Predictions for 2H 2023
P&C Insurance Predictions for 2H 2023 As we navigate the dynamic landscape of the insurance industry and continue to explore and analyze the evolving industry trends, here are some P&C insurance predictions for the second half of the year. “Higher for Longer” In the second half of 2023, we expect the Federal Reserve to hold interest […]
Insurance Analytics Use Cases | The Rise of InsurTech Analytics
Insurance Analytics Use Cases In the intricate realm of insurance, where risk and uncertainty converge, data has emerged as the guiding light that helps insurers steer through turbulent waters. The journey of insurance analytics use cases is one marked by transformative shifts, from historical analysis to real-time predictions and futuristic AI-powered insights. This article explores […]