Auto insurance carriers are trapped on a terrible rate cycle roller because of a bad assumption about risk
What auto carriers are doing isn’t working. Except for Progressive. “Rate hikes not bringing profitability to auto insurers” – Fisk analyzed […]
In Homeowners unmeasured risk is coming from inside the house
As we previously highlighted in our article, Hippo Bet on the Wrong Innovation, Hippo’s woes can be traced back to a fundamental […]
At Guidewire Connections the key word is “Profitability”
We are at the 2023 Guidewire Connections conference and surprisingly, the word on everyone’s lips isn’t “Ai”, it’s “Profitability”. The industry is […]
The Devil is in the Details
This article is one of an enormous number of ‘hand-waver’ pieces that use jargon that few understand to predict a magical “AI” […]
Will insurers be left with the bill for EV battery damage?
There was a thought-provoking article in the Financial Times on October 30 about the growing cost of insuring Electric Vehicles (EVs). It […]
To regain its leadership position Geico needs to become an IT innovator, not just an imitator
Geico’s laying off 6% of their employees and saying they are going to invest in ‘IT’. But will it make a difference? […]
Hippo bet on the wrong innovation
P&C Specialist reports that “Hippo announced that about 120 employees, or 20% of its workforce, would be laid off. The move follows the […]
Should Insurers Use ChatGPT v4 to Analyze Images?
During our scrum today, one of our developers mentioned that ChatGPT restored its image recognition toolbox in its v4 release. Such tools have […]
Investor 0wned P&C carriers are on the hedge fund hotseat
“Allstate has become the first Top 10 personal lines insurance carrier to be targeted by an activist investor during the current tough underwriting […]
Expense reduction is a band-aid, Advanced Risk Selection is the cure
Why are carriers doing so much expense reduction? Simple, it’s a proven and relatively quick strategy for getting results when profitability is […]
Which tropical storm risks to focus on
In Why are tropical storm catastrophes so catastrophic for insurance carriers? We argued the key to effective management of these catastrophes is […]
Insurance AI risk scoring solutions have a problem, we have a solution
If this article is any indication, personal lines carriers have no idea how to eliminate algorithmic bias from their AI/Machine Learning risk […]
