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THIS MONTH'S TOP ARTICLES

Insurtech Success Stories: Still Waiting for Godot

We are still waiting for a clear sign that one of the big three -- Lemonade, Hippo and Root -- can survive in the middle term.

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Why the Decline in Underwriting Quality?

Many underwriting leaders, amid the industry’s growing focus on expenses, growth and analytics, have taken their eye off the ball of traditional underwriting quality.

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Payment Processes Must Be Simplified

Insurance companies pursue digital transformation and customer experience optimization but overlook some of the fundamentals. This is exemplified by payments.

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The Next Era of Underwriting

87% of insurers said in a survey that they expect big changes to occur in underwriting within the next five years. In 2020, only 69% said the same.

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The Cloud: Connecting the Insurance Ecosystem

Cloud-based platforms will let auto insurers make a critical pivot away from purely reactive claims response and processing to claims minimization and avoidance.

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Blueprint to Counter Ransomware Attacks

Insurers have collaborated on a detailed plan for small and midsized businesses, which find themselves in the sweet spot for ransomware attacks.

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NEW PODCAST

Join Majesco’s Denise Garth and PwC's Melissa Card for a discussion on the challenges with expanding channels and compliance requirements complexity, and how next-gen distribution management technology comes into play to help insurers.

Listen Now

ITL RECOMMENDS

From the Editor

What Insurance Customers Actually Value

A survey by Hi Marley identifies two problems in the claims process that annoy customers, yet that would be easy to fix via technology and some training.

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Innovation Roadmap Webinar

As technology demonstrates its potential to transform the insurance industry, some insurers and startups are realizing it’s not a zero-sum game: they are stronger together than alone. Hear insurer and startup executives discuss this, and other perspectives gained from collaborating around insurance innovation and technology, in this Future of Risk webinar. Moderated by Paul Carroll, Editor in Chief of Insurance Thought Leadership, the panelists are Andy Cohen, President and COO of Snapsheet; Louis Gagnon, President and CEO of Foresters Financial Services Inc.; Peter Ohnemus, Founder and CEO of dacadoo; and Andrew Robinson, CEO of Skyward Specialty Insurance Group.

Register Today

ITL FOCUS

September Focus: AI & Machine Learning

If you want to think about where AI can go from here, you can look back 25-plus years and see that the difference between then and now is, well, like magic, and then start to think about 10, 15 or 25 years from now.

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FROM OUR PARTNERS

GLOBAL INSURANCE FORUM: THE GREAT RESET

Sponsored by International Insurance Society

Hear insights from the industry’s most prominent thought leaders at the 2022 Global Insurance Forum, a free three-day virtual event now on Oct. 11-13. View the 2022 agenda and register now!

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WINNING STRATEGIES TO TRANSFORM COMMERCIAL UNDERWRITING FOR INSURANCE CARRIERS, MGAS AND BROKERS: AI ADOPTION IN INSURANCE

Sponsored by IntellectAI

IntellectAI recently collaborated with Digital Insurance on this insightful Q&A between Laila Beane, Chief Customer Officer and Sandeeep Haridas, Chief Strategy Officer. As the insurance industry continues to transform, insurance carriers are finding success without having to solve a complex set of problems in their transformation. With the right technology in place, today’s insurance carriers, MGAs and brokers can transform commercial underwriting to make it simple and insightful.

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THE FUTURE OF WORK 

Sponsored by JobsOhio

As employees start to return to work after two years of mostly working remotely, smart employers are rethinking just about all aspects of how work is done to get the best of both the home and office worlds.

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EXPANDING CHANNELS FOR INSURANCE: A SPECTRUM FROM TRADITIONAL TO AFFINITY AND EMBEDDED

Sponsored by Majesco

The insurance purchase process can be complicated and difficult, but many insurers are taking a multi-channel strategy that makes it easier for customers. As organizations work to meet customers where and when they want to purchase, insurers must look at embedded insurance to gain a competitive advantage. Read the latest report from Majesco to understand the opportunities of creating a diversified distribution ecosystem that expands the footprint of offerings and reaches new markets.

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FIVE KEY STEPS TO A SUCCESSFUL DIGITAL TRANSFORMATION

Sponsored by OneShield 

Is your growth potential gated by legacy technology? Utica First Insurance shares the keys to a successful transformation from legacy to modern core system through the lens of VP Operations, Melissa Mann.  Download these insights now.

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WILL WEB3 REINVENT INSURANCE?

Why it’s time to pay attention

Sponsored by Oliver Wyman

At Oliver Wyman, we have been helping clients understand Web3 and what it means for insurers, and guiding strategic moves — near-term and longer-term — around this evolving ecosystem. Our latest research finds the Web3 economy is currently under-insured and has huge potential for future growth. Here, we share a practical guide for insurance executives to help separate hype from reality, including Web3 insurance opportunities and risk considerations.

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