Disaster and insurance have always shared a symbiotic relationship – one begets the other. In 2022, insurers shouldered historic underwriting losses. Worsening results continued in Q1 of 2023 for the US property and casualty (P&C) industry, posting its first and largest net underwriting loss in the first quarter in 12
Tag: underwriting
A trusted copilot: 3 ways SAS® Viya® can help insurers navigate challenges
AI, BMI and life insurance bias: Examining the impact of facial recognition
Life insurance is hard to sell. People don’t like talking about it because it draws attention to a topic no one wants to consider for themselves. Death. Life insurers have earned a reputation for laborious and intrusive processes to secure the coverage that everyone needs. So, over the years, they
Back to the Future…
Let’s go back in time to the summer of 2007. The original iPhone had just been launched. Miley Cyrus was Hannah Montana. The San Antonio Spurs were NBA Champions, and LeBron James was the savior of Cleveland Cavaliers. Insurance Executives were only concerned about legacy replacement systems. On the surface,