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 […]
VeracityID is at Guidewire Connections!
VeracityID is coming to Guidewire Connections! Come to our booth to see a demonstration of our newest solution: idFetchTM – the Personal […]
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 […]
The more the policy “churn”, the more valuable micro-risk selection becomes
The Insurance Journal brings us the news that customers are upset by rapidly rising auto insurance rates and are doing something about […]
Younger insurance customers are different – which means trouble for carriers
Carrier Management recently published a poll that showed a shocking difference in the honesty of young insurance consumers versus older ones. When […]
Why are tropical storm catastrophes so catastrophic for insurance carriers?
Hurricane Ian caused over $112.9 billion in damage, serving as a reminder how a single hurricane can derail a whole industry’s performance. […]
Things Carriers Need to Do Right Now – Rooftop Solar
Solar panels are a popular green, and cost-effective solution for generating renewable energy. However, it is crucial to be aware of the […]
