Workplace demographics are rapidly changing, and if insurers don’t prepare, they’ll face significant challenges. Millennials will make up 75 percent of the workforce by 2025.
Data analytics has become a key driver in the development of business strategy for leading corporations, and workers’ compensation insurers are uniquely positioned to take advantage of this trend.
More than a year has passed since ISO Education, an online learning platform, went live. To date, more than 30 new courses have been released that offer training on a wide range of ISO products. And in that time, more than 3,000 people have enrolled in ISO Education courses.
Mark Breading, partner with Strategy Meets Action, spoke with Verisk’s Steve Lekas on the emerging InsurTech movement at Verisk’s Risk & Analytics Summit.
The sources of risk for a commercial auto policy can be largely broken down into three main categories: what vehicle is being driven, how and where is it driven, and who is driving. As an industry, we’ve made great advances in determining who is driving and in understanding how and where a vehicle is driven. But how are we addressing the question of what vehicle is being driven?
Our economy is in the midst of major disruption, with technology and pressure from insurtech startups changing almost everything we do and the way our customers behave.
Are you deriving the maximum possible return from your analytics? Would you know if you weren’t? A new ISO and Earnix survey on analytic practices by property/casualty insurers in North America revealed key successes and challenges insurers experience.
Obtaining loss histories can be problematic. But there are ways to get them easily, get a faster speed to quote, improve agency relationships, and improve your profitability.