Deloitte Insurers Change is accelerating all around us, possibly at a faster pace than in any period in history. Shifts in climate, technology, workforce, and customer/societal expectations combined with macroeconomic and geopolitical volatility are compelling enterprises across the globe to transform their tech infrastructure, products and services, business models, and organizational culture to adapt not … Read more
The P&C Insurance Industry has entered 2024 with signs of positive change. Many insurers across the industry have taken strides to improve underwriting practices for better risk assessment. While underwriting has taken a greater focus, this has left areas of the country uninsurable or with intense rate hikes. This year continues a hard market for … Read more
Global Insurance Outlook :Regulators worldwide are actively working on guidelines and initial legislation for AI adoption. The widespread availability of GenAI apps in 2022 made the task more urgent. Industry groups would like to see the development of cross-jurisdictional standards, but regional variations — and a fragmented compliance landscape — seem more likely in the … Read more
Auto Insurance BasicsAuto insurance protects against financial loss in the event of an accident. It is acontract between the policyholder and the insurance company. The policyholder agrees to pay the premium and the insurance company agrees to pay losses asdefined in the policy.Auto insurance provides property, liability and medical coverage:Property coverage pays for damage to, … Read more
Farmers Insurance Group :Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees. Farmers is the trade name for three reciprocal exchanges, Farmers, Fire, and Truck, … Read more
SimpleINSPIRE – Insurance Policy Management Platform Built for Modern Policy Lifecycles SimpleINSPIRE – Policy Management system is a platform with a visionary architecture and a foundation built on disruptive technologies for digital first enablement. It empowers you to drive change rather than be driven by change. Introduce new norm policy products with confidence. SimpleINSPIRE – … Read more
Global Insurance Outlook :Change is accelerating all around us, possibly at a faster pace than in any period in history. Shifts in climate, technology, workforce, and customer/societal expectations combined with macroeconomic and geopolitical volatility are compelling enterprises across the globe to transform their tech infrastructure, products and services, business models, and organizational culture to adapt … Read more