New Technology
3 Machine Learning Business Benefits for Insurance Companies
There are many ways that machine learning and cognitive computing can help insurance companies evolve into the types of service providers that customers are demanding in our connected and advanced world. Some of these business benefits are connected to greater…
Machine Learning & Cognitive Computing to Shake Up the Insurance Industry
Using machine learning and cognitive computing (which I defined in my previous blog post) is an efficient and advanced way for organizations across verticals to improve processes and save time, manpower and ultimately, money. With traditional computing, processes are programmed…
Machine Learning is Necessary for Today’s Insurers
Let’s imagine a fictional millennial named “Nick Loehanson.” He’s 29 years old (they grow up so fast), newly married and works as a project manager for a tech company. His life is typical for his generation – he’s been ordering…
Essentials for Continuous Underwriting Success
Advanced Analytics Our previous blog post in this series looked at the tremendous business benefits insurers can reap from continuous underwriting. To succeed, insurers must be able to process the tremendous amounts of data that are being generated every second and draw…
Better Communication is Key for the Reinsurer-Insurer Relationship
An inability to communicate effectively can obviously harm relationships. Renowned author and psychology professor, Dr. John Gottman, cites “stonewalling” as a major predictor of divorce among married couples. Being unresponsive can also harm businesses, including insurers. Providers want to work…
The Business Benefits of Continuous Underwriting for Insurers
Continuous underwriting offers a wealth of benefits to life insurers. Value Propositions A report by Celent, a leading research and consulting firm, looked at continuous underwriting’s top value propositions. Insurer shareholders ranked first place in the survey, based on the…
Insurers Making Interesting Use of Continuous Underwriting
As noted in one of my previous blog posts, several factors are fueling the growing continuous underwriting trend. There are already a few notable insurers who are doing interesting things in this space around the globe. My new white paper, “Continuous…
An Underwriting Revolution Is Here
The basic underwriting model has served life insurers (and other types of insurers) well in traditional markets. But today’s rapidly evolving markets demand a competitive price that will turn a prospective customer into an actual one in minutes – while…
3 “Generation Z” Takeaways for Insurers
A relatively recent Automotive News article contained an interesting quote about a demographic shift that is rapidly approaching: “Some of the biggest collisions on the horizon [will be] between the millennials and Gen Z. If people try to treat Gen Z like…
The Driverless Car Accelerates…and Then Crashes
Here at Sapiens Spotlight, we’ve blogged extensively about driverless cars and how they are quickly becoming a reality. To make sure our property and casualty (P&C)/general insurance (GI) customers stay up-to-date, this blog post will catch you up on the…
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