Press Release - APRIL 17, 2019
AM BestTV: AM Best Shows How Technology Is Speeding the Pace of Insurance Innovation
FOR IMMEDIATE RELEASE
OLDWICK - APRIL 17, 2019
In the episode, Keenan visits companies located in California, Illinois, New Jersey, New York and Pennsylvania, as well as in Ontario, to learn about the motivation behind each company’s initiative, as well as the executives’ views on technology, disruption and the future of the insurance industry. “There have been cases where technologists have entered the sector and the result was an exercise in using technology to complicate and over-engineer the business of managing risk,” said Keenan. “But it is easy to see that these are not rudderless technologists trying to throw complexity toward uncertain goals.”
The participants in this episode were featured at AM Best’s recent Review & Preview conference. The platforms described include a risk management tool for building and property monitoring; more accurate predictive wildfire models with machine learning; a detection system to mitigate water-damage claims; a photo/video verification site that allows carriers to speed up the virtual inspection process; and a host of other new tools and initiatives employing emerging technologies.
Executives appearing in this episode are as follows:
AM BestTV covers exclusive AM Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View AM BestTV episodes at http://www.ambest.tv .
AM Best is a global rating agency and information provider with a unique focus on the insurance industry.