Although the insurance industry has been slower than other industries to adopt the use of technology, one area that we’ve seen insurers catch onto the Internet of Things (IoT) in recent years is through claims management. Insurance carriers are taking advantage of new types of inspection technology to underwrite risk and process claims faster and […]
The insurance industry as a whole has been slow to incorporate the use of technology into its processes, and the same could be said for the use of data science in underwriting. However, with an increasing number of startups entering the insurance market right now (especially insuratech companies), insurance carriers need to embrace data science […]
We’ve talked about the rise of the “sharing economy” and how this exposes businesses and consumers to new types of insurance risk. One consumer trend that’s impossible to ignore is the demand for same-day delivery for retailers. Considering that today’s consumers prefer to make purchases online instead of from brick-and-mortar store locations, retailers need to […]
We talk a lot about how advancements in inspection technology and the increased reliance on big data are transforming the insurance underwriting process. However, is there a point where insurance carriers get too caught up in relying on advancements in technology that they lose heart of the old school underwriting practices and in depth property […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
