Technology Trends
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Technology Trends
Customer story: Underwriting risk detection
This case study highlights how Shift’s AI detection solution enabled a European P&C insurer to improve its underwriting processes by identifying fraudulent or misrepresented policies in their portfolio.
Best of both: Bundling parametric with indemnity insurance
Parametric insurance is often bought as a complement to indemnity insurance, but hybrid products combining parametric and indemnity insurance in the same policy launched in 2022. This article highlights four ways in which parametric insurance can be structured as a complement to indemnity insurance.
Five ways the cost-of-living crisis is impacting insurance fraud
Will the cost-of-living crisis lead to more fraud? Insurance Post and LexisNexis Risk Solutions surveyed the insurance market to assess how the current crisis is impacting fraud. This infographic highlights five ways the cost-of-living crisis is impacting insurance fraud.
Improving customer trust in quality data
This content explores the most important findings from the Insurance Post Fraud Survey Report 2022. Not least the significant concerns held amongst members of the insurance community about the uptick in opportunistic fraud resulting from prevailing economic conditions.
Risk detection made better for underwriters
How can underwriters become empowered to make better decisions faster? Built on the Shift Insurance Decisioning Platform, the Underwriting Risk Detection product is powered by AI to help underwriters mitigate fraud, optimise pricing, and spot policy risk trends.
Video: Accelerating speed to market for P&C products
Speed to market is a top priority for all P&C insurers. This video discusses how insurers can get new or modified products to market quickly by overcoming existing barriers.
Five key points to consider in developing next-generation risk models
Most insurers are invested in developing risk models but many are failing to progress their models and expand their application over time. This blog highlights how insurers can overcome existing challenges and five points to consider when developing next-generation risk modeling programs.
AI and digital transformation in insurance - considerations for P&C insurers
Insurers are concerned that their rivals will overtake them in the technological arms race – but they’re also concerned that bad actors will exploit new technology. This content focuses on how P&C insurers can navigate the opportunities and challenges presented by AI and digital transformation.
Will the cost-of-living crisis lead to more insurance fraud?
With the cost-of-living crisis escalating for many households as winter approaches, the insurance sector is preparing itself for a wave of fraudulent claims from both opportunistic and organised sources. This content sheds light on the key insurance fraud trends and the implications for insurers.
Tech trends video: Augmented and virtual reality
From employee training, to customer engagement, to remote inspections and beyond, augmented reality and virtual reality are powering eye-popping new capabilities for P&C insurers - and sending customer satisfaction ratings through the roof. Watch this video to find out more.