Property & Casualty 360 Perspectives Podcast

In today's 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...

As insurance risk continues to evolve , understanding the use of CBIS has become increasingly important. In this podcast, Gary Sanginario, associate vice president of p roduct m anagement, and Prasanth Kambhatla, associate vice president of d ata s cience, both experts at LexisNexis Risk Solutions, take a look at CBIS , including its history and how it continues to benefit both insurers and consum...

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 Systems' EZLynx company, discusses the challenges posed by hard insurance markets for independent insurance agencies and the strategies fo...

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 – and how policyholders and insureds can prepare. You'll...

Clearspeed's CEO explains how their AI-enabled voice analytics        technology is reimagining risk assessment in this exclusive podcast. A finalist for PropertyCasualty360's 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, A...

As organizations handle an increasing amount of data, using that data quickly and efficiently isn't always easy. That's 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, des...

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 "Filling the Gap," Trish Hopkinson, head of 360 Value for Verisk's Underwriting Solutions, discusses how current and accurate information is c...

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...

Each year, carriers spend countless hours applying changes to their rating content. It's 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 "Filling the Gap," Mark Sheehan, vice-pr...

The commercial insurance market is no stranger to advanced technology, using it to impact workflows to meet insureds' demands for faster turnaround times and greater accuracy. Now, AI and ML are being applied to commercial insurance underwriting, helping insurers underwrite property risks more accurately and efficiently. In this Insurtech Center podcast, Elizabeth Casas, Verisk's head of commercia...

The P&C market has gone through rapid transformation in recent years, which is opening up new opportunities that are drawing investor interest to the trillion-dollar market. But what's underpinning that interest, and what does that mean for property and casualty insurance? Cameron Parker, CEO of OneShield Software, takes a look at this in this podcast episode. He'll also discuss: Investment trends...

The sheer volume of data insurers collect can make using it effectively an arduous task. But according to Dave Tobias, Betterview co-founder, and Rakesh Parikh, SVP of product development at OneShield Software, integrating the right data into the right process at the right moment is getting easier – improving speed, transparency, and the customer experience. They explain how technology plays a rol...

In Q2 of 2022, OneShield surveyed PropertyCasualty360 readers to discover insurers' biggest struggles in achieving their business goals. The survey found that almost half of respondents struggle with the same roadblock: accessing the right technology to stay competitive. Respondents also share the most significant barriers that prevent them from adopting innovation initiatives, including IT resour...

The rapid evolution of technology has quickly transformed what customers expect, how business is conducted, and the best way to secure a competitive advantage. But this has also prompted an important question: Is it "future-proof?" That is, will it become obsolete shortly after implementing, and what will the next trend be, such as the metaverse or Web 3.0, that will become a requirement for the n...

Satyajit Nashikkar of OneShield breaks down the concept in this exclusive podcast episode from the "Top Tech Trends From Insurance Leaders" series. Launching a new initiative often starts with creating a "minimum viable product," but for insurers who are increasingly expected to deliver fast and easy technology experiences, the path to creating a product that customers love isn't always straightfo...