Navigating Medical Insurance in the USA: A Comprehensive Guide In the United States, securing medical insurance is essential for managing healthcare costs and ensuring access to quality medical services. The U.S. healthcare system can be complex, with various options available depending on your circumstances. Whether you’re new to the insurance landscape or looking to reassess … Read more
Tedxto follows a regular practice of food distribution to neighboring villagers. Started in May 20, 2005, this activity is still a mainstay of our CSR efforts, and has been developed to include three distinct segments. The ration bags, containing flour, rice, sugar, milk, pulses and cooking oil, weighing 20 kg each, have been handed … Read more
With the utilization of cloud-based solutions, insurers can unlock valuable insights from vast amounts of data, enabling them to better understand customer behaviors, assess risk more accurately, and personalize their insurance products and services. Machine learning algorithms can automate underwriting processes, claims assessments, and fraud detection, significantly improving operational efficiency and reducing costs. Therefore, cloud-based … Read more
Generative AI (GenAI) has the potential to transform the insurance industry by providing underwriters with valuable insights in the areas of 1) risk controls, 2) building & location details and 3) insured operations. This technology can help underwriters identify more value in the submission process and make better quality, more profitable underwriting decisions. Increased rating … Read more
NORTHBROOK, Ill., March 21, 2024 – The Allstate Corporation (NYSE: ALL) today announced that estimated catastrophe losses were below the $150 million reporting threshold for February 2024. Rate increases for Allstate brand auto insurance resulted in a premium impact of 0.1% for the month of February and 1.5% year-to-date. Rate increases for Allstate brand homeowners insurance … Read more
Erik Bahnsen, Industry Analyst, CCC — It’s no secret that we’re in the midst of a uniquely challenging time for personal auto insurers due to a convergence of factors including risky driving and significant increases in the cost of auto repair/replacement, labor, and medical bills. The industry has reacted to those challenges with unusually steep … Read more
Insurance companies not only gather sensitive information from their clients but also generate their own corporate data that requires protection. With cyber attackers increasingly focusing on an industry rich in personal, medical, corporate, and other confidential data, insurance companies become prime targets with significant vulnerabilities. The evolving landscape of technology introduces cybersecurity challenges as we … Read more
In celebration of International Women’s Day, we are delighted to be part of a panel of extraordinary women leaders for this special edition of Insurance News Analysis. We discuss the strides being made toward gender equality and the work that remains. So, what is being done to recruit, retain and promote women in the insurance … Read more
Life insurance stands on the cusp of a new chapter in reinvention. Until now, insurers have been gradually moving forward with wide-scale digital transformation. But with the impacts of AI, including generative AI, change is coming fast. We’re in a vibrant new year, and life insurers are starting to accelerate and implement their reinvention strategies. … Read more
NORTHBROOK, Ill., Feb. 23, 2024 – The Allstate Corporation (NYSE: ALL) announced that its board of directors approved a quarterly dividend of $0.92 on Feb. 22, 2024, which is an increase of $0.03, or 3.4%, per share compared to last quarter. Allstate also declared the payment of quarterly preferred dividends. “Allstate’s increase in common dividend … Read more