Category Archives for "Blogs"

How Auto Insurers Can Win Gen Z Drivers


A new generation is stepping into the driver’s seat. Here’s what auto insurance can do to earn their business. Getting to Know Gen Z According to Pew Research Center, the cutoff year for Millennials is 1996. Anyone born between 1997 and about 2012 belongs to Generation Z. In 2020, the oldest Gen Z members are […]

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Don’t Get Bitten by EKANS, the Newest Ransomware Risk


Is there a snake in your computer system? Snake ransomware has emerged as a new threat, and industrial control systems could be at risk. The malware is also called EKANS, the backwards spelling of snake – but whichever term people use, it’s got a venomous bite. Here’s how this new cyberattack could threaten your operations. […]

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Is Location Data Fair Game for Auto Insurance Claims Adjusters?


Let’s say that an adjuster is reviewing a suspicious claim. The claimant’s story doesn’t seem quite right, but there’s no way to prove it. Could location data be the answer? Phones continuously communicate with cell phone towers. So theoretically, if something seems wrong, location data could be used to corroborate the story, providing the information […]

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Bias in Insurance Underwriting: Does AI Help or Hurt?


In insurance, pricing varies with risk, and risk is a pretty situational concept. Different people face different degrees of it, and “no two people are entirely alike,” said Daniel Schreiber at Insurance Thought Leadership. Individuality is part of the picture. The problem is, when making individualized decisions, bias is sure to play a role in […]

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Auto Insurance Shopology: New Study Highlights


Last year, LexisNexis Active Insights released a new report – “Insurance Shopology” – all about the way people shop for insurance. After combing through the findings, we’d like to share the highlights with you. How’s the market? Here’s the big picture New auto insurance customers are entering the market en masse, and insurers are seeing […]

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Imagining the Insurance Business in 5G


If you’ve read much yet about 5G, you’ve probably heard plenty of starry-eyed imaginings about what this new development will mean for insurers in the future. Is it “about to change everything again,” as described here by Insurance Thought Leadership (which compared 5G to the invention of the wheel)? Beyond the hype, what can we […]

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Social Inflation’s Impact on Auto Insurance Claims


Social inflation is on the rise, and that spells trouble for auto insurers – as well as the policyholders who depend on them. What’s social inflation? It’s a complex concept, but it boils down to this: when insurers face greater risk of getting sued, insurance premiums tend rise in order to balance the scale. The […]

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Four Predictive Underwriting Trends: State of the Market


It’s that time again – ready for a news roundup on the state of underwriting? This time, let’s focus specifically on predictive underwriting trends. 1. Predictive analytics has matured, deserves monitoring Predictive analytics, no longer an early-adopter’s innovation, is now among “the most mature technologies currently being adopted,” the EY Digital Underwriting Survey found, according […]

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Future of Insurance: Climate Change Resilience


Thinking about the future of insurance? Then your thoughts must include climate change. In past years, climate change was not top of mind for most insurers. However, current events and the realities of the global economy have now made climate change a priority – forcing the insurance industry to adapt and reinvent itself. Disasters threaten […]

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