At St. Joseph’s University, future risk management professionals tried their hands at developing Insurtech solutions that could lower quotes and make the underwriting process more efficient.
Insurtech continues to bring promise of disruption and innovation to the industry, as one expert expects a transition from big numbers to big data, allowing for a more granular approach to pricing risks.
A startup claiming to predict disaster damage and optimize response has attracted insurers’ interest, but flaws in the methodology could put carrier partners at risk.
Technology changes the game by easing the burden of record keeping and tilting the workers’ compensation case management field toward true injured worker advocacy.
Big data, artificial intelligence and machine learning are driving a shift in the way insurers approach risk and could fundamentally change the business model over the long term.
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