Last week at InsureTech Connect in Las Vegas, Aite Group hosted our inaugural Fraud Roundtable and Networking event. In attendance were life and property and casualty (P&C) carriers that came together with a common purpose: to discuss application and claims fraud. Our intention was to spur active discussion about the human element of fraud, explore ways to identify it, and discuss strategies to prevent it. We focused on three main categories of fraud detection and prevention with our event sponsors and carrier panelists:
October 4, 2019 by Jeff Goldberg
Data is a powerful (and valuable) asset for any insurer, and the industry is no exception has a long history of drawing upon third-party data providers to enhance underwriting decisions and marketing strategy.
October 3, 2019 by Eric Sandrib
In the last 48 hours, three of the four largest discount brokerages have cut their commission charges on trades to zero. Combined, Charles Schwab (who commenced the expedition to zero), TD Ameritrade, and E-Trade have US$2.35 trillion retail client assets and over 28 million brokerage accounts. Thus, the switch to zero commission by these three firms enables the majority of U.S.-based clients engaged with retail brokerages to now use their services for free.
October 3, 2019 by Aite-Novarica Media
AM Best reported recently that the CEO of a top-five personal lines insurer made the following comment at an investor conference: