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Risk managers need to be aware of new perils as well as fresh challenges to known exposures.
While technology provides many solutions, assessing its success and the actual implementation will take time and effort.
When determining who is at fault for accidents on blind hills, speed and location are just two factors to consider.
Increasingly, technology is improving how insurance claims are processed and adjudicated.
As technology changes customer expectations, insurers are finding it saves time and money while improving their processes.
Cyberattacks are in the news every day, yet too many businesses lack adequate coverage.
By incorporating AI into their operations, insurers are investing in ways to automate claims operations without sacrificing accuracy.
With 81% of Americans now relying on smartphones, agents know mobile has become a mandatory channel for connecting with customers.
Bringing in the right expert at the proper time can help insurers confirm the costs involved with a claim are accurate.
As carriers continue to invest in digital experiences, data analysis capabilities and technology ecosystems, the claims process will become more automated and pattern-driven.