Episoder
-
Manglende episoder?
-
In todayâs environment, global financial mandates are evolving quickly to thwart money laundering activities, and because insurance companies are considered financial institutions, they are subject to comply with the changes.
In this episode with LexisNexis Risk Solutions, Bob McConn, the associate vice president for claims solutions, shares his take on the current situation, as well as strategies carriers can employ to work toward compliance.
Youâll also hear:
How the U.S. regulatory landscape is shifting toward targeted sanctions against individuals and organizations. Details on the frequency of watchlist updates. Why carriers need to monitor their customers throughout the customer life cycle. What actions insurers can take to protect themselves and support improved compliance.If carriers put themselves at risk, the damage can be both financial and reputational. Listen now to learn how your organization can keep current with the changes.
-
As insurance risk continues to evolve, understanding the use of CBIS has become increasingly important. In this podcast, Gary Sanginario, associate vice president of product management, and Prasanth Kambhatla, associate vice president of data science, both experts at LexisNexis Risk Solutions, take a look at CBIS, including its history and how it continues to benefit both insurers and consumers.
Youâll also hear:
How CBIS helps predict a consumerâs risk and how insurers leverage it to predict future insurance losses. Details about comprehensive studies conducted to address concerns about unfair bias based on race and ethnicity. About the testing framework employed by LexisNexis Risk Solutions, how the framework leverages well-established methodologies, and key takeaways from quantitative testing. -
Rising premium rates, stricter underwriting, and carriers pulling out of states are
creating challenging marketing conditions for independent agents looking to maintain
and grow their book of business.
In this podcast, Michael Streit, general manager at Applied Systemsâ EZLynx company,
discusses the challenges posed by hard insurance markets for independent insurance
agencies and the strategies for navigating difficult conditions.Youâll also hear about:
The drivers of the current hard market conditions, such as inflationary factors,
tighter underwriting, carrier withdrawals from states, and more. Which actions independent agents can take to turn hard market challenges into
opportunities and capture more renewals and new business. How technologies such as retention management tools, customer relationship
management systems, automated workflows, and others can help support agents
in the current market conditions. -
Climate change is a complex issue with far-reaching consequences across various sectors, including the insurance industry. In this podcast, James Handley, director of data science at LexisNexis Risk Solutions, and Heikki Vesanto, data science manager at LexisNexis Risk Solutions, shed light on climate change impacts on the insurance industry â and how policyholders and insureds can prepare.
Youâll also hear:
The factors increasing risk, such as record-breaking temperatures, warmer oceans, social inflation, and more. The areas hardest hit by climate change and potential future impacts. How proactive measures and innovative technologies can facilitate more informed decisions and help mitigate risks associated with climate change. -
Clearspeed's CEO explains how their AI-enabled voice analytics technology is reimagining risk assessment in this exclusive podcast.
A finalist for PropertyCasualty360âs Luminary award, Clearspeed has leveraged its past as a Department of Defense contractor to pioneer innovation in risk assessment technology for the insurance industry.
In this exclusive Meet the Luminaries podcast, Alex Martin, CEO at Clearspeed, explains how its voice-based risk assessment technology provides a âmissing puzzle pieceâ for those executing their leadership strategies.
Youâll also hear:
â How the innovation is revolutionizing risk assessment;
â Why itâs transforming the customer experience, and simultaneously driving down costs and mitigating risk for fraud; and
â What lessons Clearspeed can share with other companies interested in innovation.
-
As organizations handle an increasing amount of data, using that data quickly and efficiently isnât always easy. Thatâs why many are turning to AI to help with tasks such as triaging claims and providing adjustors with the right insights at the right moment to support more informed decisions.
Ann Latimer, senior vice president, head of claims operations, at Signal Mutual Indemnity Association, describes how she leveraged Gradient AI to transform their claims triage, and what it takes to get internal buy-in for an AI system.
In this episode, youâll hear:
· Why claims triage was a natural introduction point for the AI solution;
· What challenges Signal Mutual Indemnity has undertaken in adoption; and
· How Lattimerâs team measures success on the platform.
-
Accurate reconstruction cost estimates (RCEs) are key to building strong property insurance policies. They support dependable insurance-to-value, which inform policy limits and reliable quoting, benefiting both insurers and policyholders.
In this episode of âFilling the Gap,â Trish Hopkinson, head of 360 Value for Veriskâs Underwriting Solutions, discusses how current and accurate information is critical in avoiding underinsurance gaps, which leave all parties vulnerable in the case of a total loss. Youâll learn:
The impact a volatile marketplace, including inflation and labor strains, has had on reconstruction trends; Why current claims data is critical when recalculating reconstruction cost estimates; The main challenges that arise when estimating personal property and contents; and, Key elements important to reliable replacement costs. -
For insurers, collecting as much information as possible is the name of the game, as it informs any number of insurance processes and ensures accurate risk assessment. With AI and machine learning, insurers now have powerful analytic tools to turn even more sources of underwriting insights into actionable intelligence. This not only enriches the underwriting process it also introduces efficiencies across the business.
In this episode of the âFilling the Gapâ podcast series, Othman Loudghiri, director of Small Commercial and Casualty Underwriting at Verisk, talks about what AI and machine learning can help small commercial underwriters achieve. Youâll learn:
The types of data AI and ML can capture and analyze, and why this is important in small commercial underwriting; The specific operational and efficiency benefits insurers can expect with AI and ML; How these new technologies complement the human touch, empowering underwriters to focus on more client-facing, strategic endeavors; and Why thereâs an urgent shift from AI âexplorationâ to âadoptionâ among insurers and MGAs. -
Each year, carriers spend countless hours applying changes to their rating content. Itâs time-intensive work requiring precious resources to load only a fraction of these changes into their own rating engine. By digitizing this content, carriers can accelerate the adoption of rating changes and bring their products to market more quickly.
In this episode of âFilling the Gap,â Mark Sheehan, vice-president of Underwriting Solutions at Verisk Analytics, reviews the benefits of RaaS and the impacts it makes on rating. Youâll learn:
The evolution of rating, how Rating-as-a-Service works; How digitization of rating content is benefiting carriers; How Rating-as-a-Service is increasing employee engagement and productivity, while also enriching the carrierâs insurance product; What early adopters are saying about Rating-as-a-Service. - Vis mere