Insurtech

AI-Powered Insurance Platforms Boost Underwriting Efficiency

Sep 11, 2024 / by Ashish Nair posted in Machine Learning/AI, Data & Technology, Insurtech, Data/Tech, Underwriting, Digitization, AI, Artificial Intelligence, insurance automation, Machine Learning, Analytics, Cogitate

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A 2019 article focusing on insurance underwriting by McKinsey stated, “Based on our observations, anywhere from 30 to 40 percent of underwriting’s time is spent on administrative tasks, such as rekeying data or manually executing analyses.”

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Cogitate Joins AAIS Partner Program, Offering Members Innovative and Transformative Digital Technology Products for the Insurance Industry

Apr 29, 2024 / by AAIS posted in Insurtech, Press Release, Cogitate

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From Concept to Customer: GhostDraft Discusses the Need for Speed to Market in Insurance

Apr 17, 2024 / by AAIS posted in Technology, Insurtech, Regulatory/Compliance, AAIS Webinar Series, Data/Tech, Data Management, Compliance, GhostDraft

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As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on April 4, 2024, featuring AAIS Partner, GhostDraft. Moderated by John Kadous, AAIS Vice President of Products, the session explored the importance and challenges of speed to market. Joined by panelist Laurence White, Executive Vice President of Sales at GhostDraft, the two discussed modern technologies and innovations that can accelerate internal processes as well as how to balance speed and compliance. Kadous and White also offered successful strategies to improve operational efficiencies.

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SimpleSolve Joins AAIS Partner Program, Providing Members with Access to an Innovative Insurance Administration Platform

Jan 16, 2024 / by AAIS posted in Insurtech, Press Release, SimpleSolve

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SimpleSolve offers a fully re-engineered and fully integrated P&C insurance platform based on the latest technology that delivers a strong ROI for insurance carriers.

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GhostDraft Joins AAIS Partner Program, Offering Streamlined Form Solutions for Members

Jan 8, 2024 / by AAIS posted in Insurtech, insurance automation, Press Release, GhostDraft

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GhostDraft will offer AAIS Members the ability to streamline current processes and increase speed to market.

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Leveraging Today's Underwriting Technologies to Modernize Homeowners Insurance with Chrp Technologies

Dec 18, 2023 / by AAIS posted in Personal Lines, Technology, Machine Learning/AI, Data & Technology, Insurtech, Homeowners, AAIS Webinar Series, Data/Tech, Underwriting, Artificial Intelligence, CHRP Technologies

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As part of the AAIS Webinar Series, AAIS hosted a virtual discussion on December 7, 2023, featuring Chrp Technologies. Moderated by AAIS President & CEO Werner Kruck, the session explored the state of today’s home insurance market as well as the challenges and opportunities that lie ahead. Featured guest speakers Chin Ma, President of Chrp Technologies, and Brandi Wyrick, AVP of Experience at Orion180, reviewed how new and emerging technologies like Chrp can improve underwriting results and operational efficiencies. They also touched upon the role of artificial intelligence (AI) across the insurance space and how companies can leverage new capabilities to improve the customer experience.

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AAIS Vice President of Products Reveals Organizational Opportunities in the MGA Segment & Member Support Initiatives

Oct 17, 2023 / by AAIS posted in Technology, Insurtech, membership, Data/Tech, Advisory Report, MGA

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For this Advisory Report, AAIS spoke with its Vice President of Products, John Kadous. He discussed current issues for insurance carriers, opportunities in the MGA segment, how AAIS is supporting its Members, and more.

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Tapoly CEO Shares How Insurance Companies Can Achieve Efficiency Utilizing Automated Technology

May 18, 2023 / by Janthana Kaenprakhamroy posted in Insights, Technology, Issues & Trends, Data & Technology, Insurtech, Blockchain, AAIS News & Views, AAIS Insights, Data/Tech, Artificial Intelligence, Machine Learning, Analytics, Tapoly

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For the second part of our blog series featuring Tapoly, the digital provider of flexible insurance products and insurance technology solutions, CEO Janthana Kaenprakhamroy gives insight into how insurance companies can utilize automated technology to achieve efficiency. Kaenprakhamroy delves into how this technology can be utilized, where to apply these solutions within a company, obstacles insurers may face, and how SaaS solutions can help.

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Nebraska Commissioner Discusses Growing Interest in Insurtech on the Silicon Prairie

Jan 10, 2023 / by AAIS posted in Technology, Insurance, Data & Technology, Tech News, Insurtech, Regulatory/Compliance, Data/Tech, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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For this Regulatory Brief, AAIS speaks with Eric Dunning, Director of the Nebraska Department of Insurance, to discuss insurtechs and the importance of the annual Insurtech on the Silicon Prairie meeting.

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Greater New York Mutual CEO Provides Insights on Today’s Insurance Market

May 31, 2022 / by AAIS posted in Technology, Issues & Trends, Insurtech, Legislation & Regulation, Economy, AAIS Views, wildfire, social inflation, talent gap, NYIA, Merchants Insurance Group, Greater New York Mutual, supply chain

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In this AAIS Market Report, Chair, President and CEO of Greater New York Mutual Elizabeth Heck discusses  challenges to the insurance industry in the U.S. and New York.

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