Claims

Kyber's AI Revolutionizes Insurance Claims with Automated Solutions
Technology & Trends Kyber's AI Revolutionizes Insurance Claims with Automated Solutions

The insurance industry is poised for a major transformation with the advent of Kyber's AI-powered platform. Backed by Y-Combinator, Kyber aims to solve a long-standing issue in the industry: the cumbersome claims notification process. Through automation and artificial intelligence, this

September 27, 2024
Preferra Sues NASW Over Alleged Mishandling of Policyholder Claims
Risk Management Preferra Sues NASW Over Alleged Mishandling of Policyholder Claims

The legal battle heating up between Preferra Insurance Company RRG and the National Association of Social Workers (NASW) represents a significant clash in the professional insurance realm. Filed in the US District Court for the District of Columbia, the lawsuit accuses NASW and its

September 23, 2024
How Will Davies Group's Acquisition of Minuteman Impact the Market?
Risk Management How Will Davies Group's Acquisition of Minuteman Impact the Market?

The acquisition of Minuteman Adjusters by Davies Group marks a significant development in the insurance industry, likely to shift market dynamics in North America. Both companies are reputable in their fields, and their merger is expected to bring notable changes in service offerings, technological

September 19, 2024
Top Causes for Home Insurance Claims in 2024: Accidents and Storms
Risk Management Top Causes for Home Insurance Claims in 2024: Accidents and Storms

As we delve into the leading causes of home insurance claims for 2024, it becomes evident that accidental loss or damage remains the most frequent reason for homeowners to seek insurance compensation, accounting for a significant 29% of all claims. This includes everyday occurrences such as

September 19, 2024
How Is Predictive Analytics Transforming the Insurance Industry?
Risk Management How Is Predictive Analytics Transforming the Insurance Industry?

Predictive analytics, a technology that utilizes historical data to predict future outcomes, is revolutionizing the insurance industry in unprecedented ways. This cutting-edge approach enhances various facets of insurance operations, including risk assessment, pricing accuracy, customer retention,

September 19, 2024
Why Do Consumers Prefer Tech-Driven Insurance Over Lower Costs?
Technology & Trends Why Do Consumers Prefer Tech-Driven Insurance Over Lower Costs?

In a world where technology constantly evolves, consumers' priorities shift in remarkable ways. This trend is strikingly evident in the insurance industry, where recent surveys reveal that consumers increasingly favor technology-enhanced services over lower costs. The Insurity 2024 Severe

September 19, 2024
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