The Coming Consolidation in P&C Insurance
A weak economic recovery and regulatory issues are providing significant challenges to traditional business models in property and casualty insurance, especially in commercial lines. Carriers can no...
View Article3 Reasons Why Millennials Should Embrace a Career in Insurance – And Why...
The insurance industry faces an urgent need to attract a new generation with new talent. According to the U.S. Bureau of Labor Statistics and AARP, within 15 years as much as 50 percent of the current...
View ArticleData, Analytics and the Next Generation of Underwriting
There appears to be violent agreement that 2014 is the year of advanced technology, data and analytics in insurance. Of course, these kinds of prognostications don’t sneak up on anyone. A convergence...
View ArticleLooming Consolidation in P&C Insurance
A weak economic recovery and regulatory issues are providing significant challenges to traditional business models in property and casualty insurance, especially in commercial lines. Carriers can no...
View ArticleNew Data Strategies for Workers’ Comp
Workers’ compensation is widely recognized as one of the most challenging lines of business, suffering years of poor results. Insurance companies are under increasing pressure to achieve profitability...
View ArticleHow to Win in Commercial Lines
Commercial lines insurance is tricky. On the one hand, it’s one of the last bastions of niche underwriting expertise — there are specialist writers who know their markets better than anyone else and...
View Article3 Warning Signs of Adverse Selection
The top 25 insurers consume 70% of the market share in workers’ compensation, and, as the adoption of data and predictive analytics continues to grow in the insurance industry, so does the divide...
View ArticleHow to Maintain a Competitive Edge
The recent speculation about Google entering the U.S. insurance market adds to the growing list of non-traditional competitors turning their attention to insurance — a list that already includes...
View Article3 Key Steps for Predictive Analytics
The steady drumbeat about the dire need for data and predictive analytics integration has been there for several years now. Slowly, many carriers have started to wake up to the fact that predictive...
View ArticleGoogle Applies Pressure to Innovate
This article was first published at re/code. It’s a common thread in nearly every industry: Innovation occurs when consumers’ growing needs and expectations converge with intense competition. It’s no...
View Article3 Ways to Boost Trust in Your Brand
It’s no secret that there is a newfound aggressive and competitive environment in insurance. A combination of outside competition focused on disrupting the distribution channel and an increase in...
View ArticleStart-Ups Set Sights on Small Businesses
When start-ups jumped into insurance, many focused on the personal auto industry. Not surprising, considering it is arguably the least complex line of insurance and is often the first to be disrupted...
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A New Frontier for Venture Capital
With sales of ping pong tables declining and with first-quarter IPO numbers the lowest since 2008, many are wondering whether we are in the midst of another tech bubble and, if so, when it will burst....
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Applied Analytics Are Key for Progress
While most carriers collectively understand that predictive analytics is necessary to remain competitive with other data-driven and VC-backed companies, progress isn’t as fast as it should be. Some are...
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3 Ways to Measure Models’ Effectiveness
Most insurers are using some form of predictive modeling, but it can be difficult to know if it will remain effective over time. Evaluating a predictive model can be tricky because, while there are...
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Strategies to Combat Barriers to Insurtech by Dax Craig
The insurance industry may be in the middle of a technological revolution, but Valen’s recent 2018 Outlook Report: An Industry Divided suggests that barriers to insurtech adoption and engagement...
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