Data derived from connected cars on the road today can improve auto insurance from both the insurer and insured perspective, according to Dawn Mortimer, AVP – IoT/Telematics Product Management at Verisk Insurance Solutions. The data collected by connected cars can …
Changes in ownership, coverages and the way claims are evaluated are just a few of the ways self-driving cars will impact the auto insurance industry, according Jared Smollik, actuarial director of personal auto product development for Verisk Insurance Solutions. Though …
Auto claims frequency and severity dipped considerably during the economic downturn that began in 2008. As the economy recovers it carries a downside for road safety, according to Dorothy Kelly, director of Product Development for Verisk Insurance Solutions. A recovering …
Insurers have several concerns when it comes to selecting an Internet of Things provider, according to Dawn Mortimer, assistant vice president IoT/Telematics Claims Product Management for Verisk Insurance Solutions. Insurers also need to consider the challenges associated with offering an …
As more bots handle claims and perform underwriting tasks, should human employees be concerned? Industry experts say there’s no need to worry. Insurers in the U.S. and overseas are exploring the use of chatbots in their operations. According to Dawn …
Though usage based insurance (UBI) has been around for some time, the use of telematics is expected to expand, according to Dawn Mortimer, assistant vice president of IoT/Telematics Claims Product Development for Verisk Insurance Solutions. “I’ve worked at carriers where …
Declining cost barriers, the availability of cloud storage and telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for some time …
Insurers and consumers can benefit in multiple ways as more smart appliances and devices move into homes, according to Joe Wodark, director of product development for Verisk Insurance Solutions. First notice of loss, settlement and subrogation are all claims processes …
Several challenges unique to workers’ compensation claims highlight the benefits of a robust data analytics system, according to a panel of experts who presented on the subject during Verisk Insurance Solutions’ Monday webinar series. Underwriting new risks, managing medical provider …
Hudson Insurance Group Launches New Commercial Excess and Umbrella Unit New York City-based Hudson Insurance Group announced the launch of its new Commercial Excess and Umbrella business. The new unit will provide coverage on a non-admitted basis in all 50 …