Insurers are looking to improve their competitive position by building a leaner, meaner claims shop. Severity is on the rise, as are customer expectations for efficient and fair interaction with their insurer. A better-informed, data-driven solution to claims handling can help.
In our webinar Build vs. Buy, Donald Seibert, Valen’s EVP of Applied Analytics, discusses how insurers can determine the best path forward and lays out the questions to answer as part of a comprehensive assessment of your options.
In Valen’s 2018 Outlook Report, we identified significant forces impacting insurers, including the Industry-Wide Plateau in the adoption of analytics, InsureTech and Reinsurance, Focus on Customer Experience and Next Generation Metrics.
Test, Learn, Repeat. In our years of wrangling data and building models, we’ve learned a lesson or two! In our webinar, we share expert advice on how to avoid common pitfalls, whether you’re building your own model, partnering with a vendor or doing a hybrid of both.
InsurTech is poised to make a major impact and traditional companies still face a number of challenges and market pressures. At the same time, insurers have key advantages over external entrants if they can solve the follow issues:
– Differing views on the customer experience between tech giants and insurers
– The complex, inefficient buying cycle
– Obstacles to the adoption of analyticsenges and market pressures.
Insurance isn’t as insulated from disruption as it was in the past, but there are ways to leverage the change to get ahead of the competition.
In this interview with Farm Bureau Financial Services, a regional property casualty insurance company that writes business in 8 states, Steve Wittmuss shares how Farm Bureau was able to make their predictive modeling and analytics implementation successful and the results they are seeing in return.
Insurance companies are at risk to competitive threat by way of adverse selection. This video will show how this happens, and what you can do about it.
Advanced tools will support your underwriters and improve your insurance company’s bottom line.
There’s increasing pressure to create profitability in underwriting. As investment income continues to decline, property & casualty carriers need to make up for that loss with gains in underwriting.
Being able to more accurately evaluate risks will lead to improved risk quality across your portfolio. In this webinar, we will review how.
Two workers’ compensation carriers address payroll misclassification. See how one carrier experienced a 2 to 1 ROI and another saved $1M by proactively identifying payroll misclassification.
Insurance companies are at risk to competitive threat by way of adverse selection. This video shows how this happens and what you can do about it.