Underwriting
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Underwriting
Tech trends #17: Connected cars and the future of motor insurance
Companies from Ford to Tesla are racing to rollout vehicles that connect with outside systems, promising whole new opportunities for P&C insurers - including personalised, "pay-how-you-drive" coverage, automated FNOL, and more. Watch this short video to find out more.
Data replaces doubt for small commercial underwriting
This blog highlights how an integrated predictive analytics model can help insurers to deliver underwriting excellence for different lines of business in different ways and the key benefits of personalising the underwriting process.
Shift exceeds expectations with underwriting risk detection
One of Shift’s European P&C clients conducted a review to identify applications for Shift’s AI decisioning capabilities, to address challenges for its underwriting team. This case study highlights how the insurer achieved £850k in annual projected underwriting risk mitigation within five months.
Personalising the policy owner's experience throughout the policy lifecycle
The insurance policy lifecycle can have many stages, and when it comes to personalising experiences, policy sales, underwriting and claims offer some exciting opportunities. This blog highlights how insurers can personalise the policyholder experience throughout the policy lifecycle.
Embedded insurance: Expand your ecosystem partnerships to increase penetration and win new customers
Duck Creek Technologies Managing Director for EMEA, Shreyas Vasanthkumar, recently participated in a panel discussion where specialists discussed how embedded insurance can improve customer experience and outcomes. This blog highlights two key takeaways from the debate.
Three gifts commercial lines insurers can give their policyholders
For those in the insurance business, the best gift you can give your customers is an increase in peace of mind. This blog highlights three ways commercial lines insurers can brighten the day for the business owners and operators in their customer communities.
Customer retention: Mind the gap
Acquiring a new customer is between five and 25 times more expensive than retaining an existing one. Within insurance, the average customer retention rate is just 84%. This blog highlights how a four-step systematic and scientific process can help insurers improve customer retention.
Roadmap to EV adoption: Are fleets ready?
Transitioning to an electric vehicle fleet can significantly reduce an organisation’s carbon footprint, boost efficiency and sustainability, whilst ultimately bringing down costs. Designed for fleet specialists, this five-step guide provides a roadmap to help you start your electrification journey.
AI integrated underwriting and claims solutions
Gradient AI and Duck Creek offer integrated underwriting and claims management solutions that combine Gradient AI’s state-of-the art AI solutions with Duck Creek’s industry leading policy and claims products in the cloud. Read this product guide to find out more about the key benefits for insurers.
Intelligence: Travel insurance
Parametric products are a good example of how complexity can be removed from the world of insurance. This article examines how their use in travel insurance could help the insurance market with its transparency and ultimately clean up its image.