Claims Processing Transformation 2022: Trends, Tech & Strategy
Claims processing is a procedure whereby an insurer receives, verifies and processes a claim/theft report submitted by a policyholder. It accounts for 70% of property …
Top 6 Technologies That Improve Claims Adjustment in 2022
When policyholders notify insurers of a loss, insurers are aware that they will soon have to make payments to their customers to meet their legal …
4 Trends in Property Insurance for Natural Catastrophes
Each year approximately 385 natural catastrophes on average occur worldwide. The financial cost of insurance losses reaches 75.82 billion dollars. Long-term insurance for high-risk properties …
Reinsurance Guide: Definition, Use Cases & Best Practices
Purchasing insurance coverage has been a technique of minimizing financial loss of unwanted incidents for ages. Insurers exchange money for other people’s risk. Carrying outsiders’ …
Top 7 Technologies that Improve Claims Processing in 2022
Claims processing includes all the steps in which the insurer checks the necessary information about the loss, policy and the event in order to calculate …
Ultimate Guide to Cloud Computing in the Insurance Sector
The insurance sector has transformed rapidly in recent years, changing the rules of competition. Fierce competition within the mature sector is forcing profit rates to …
Insurance Pricing: Its Importance, Determination & New Methods
According to Accenture, getting the best price is the top priority for 52% of auto insurance customers, 50% of home insurance customers and 38% of …
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Virtual i Technologies launched [VRS]™ Virtual Risk Space in the USA
Virtual i Technologies launched the world’s first independent AI based risk scoring underwriting platform, [VRS]™ Virtual Risk Space in the USA. Virtual i Technologies offers …