Description
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-president of Underwriting Solutions at Verisk Analytics, reviews the benefits of RaaS and the impacts it makes on rating. You’ll learn:
The evolution of rating, how Rating-as-a-Service works; How digitization of rating content is benefiting carriers; How Rating-as-a-Service is increasing employee engagement and productivity, while also enriching the carrier’s insurance product; What early adopters are saying about Rating-as-a-Service.
Tim Fagan of 1-800 WATER DAMAGE discusses strategies to streamline the claims restoration process and addresses the differences between commercial and residential claims.
The claims restoration process involves many variables, each affecting the speed and cost of claim resolution. As the scope...
Published 10/22/24
Through a combination of artificial intelligence (AI) and computer vision models applied to aerial imagery – and delivered through a comprehensive software solution – Nearmap changes the way insurers manage and price property risk. It earned them multiple PropertyCasualty360 Luminaries Awards,...
Published 10/15/24