Wildfires and disasters- ecosystem opportunity to leverage InsurTech and innovation

Image Take a US $8 billion dollar insurance business that serves more than 7 million customers annually regarding residential real estate assets valued at more than US $5 trillion, that’s working in a regulated, politically hyped environment and one might see opportunity for innovation.  Throw in significant exposure to regional wildfires and urban area earthquakes, […]

The post Wildfires and disasters- ecosystem opportunity to leverage InsurTech and innovation appeared first on Daily Fintech.

Wildfires and disasters- terribly good opportunity to leverage InsurTech and innovation

Image Take a US $8 billion dollar insurance business that serves more than 7 million customers annually regarding residential real estate assets valued at more than US $5 trillion, that’s working in a regulated, politically hyped environment and one might see opportunity for innovation.  Throw in significant exposure to regional wildfires and urban area earthquakes, […]

The post Wildfires and disasters- terribly good opportunity to leverage InsurTech and innovation appeared first on Daily Fintech.

Flood risk AI is now a reliable tool- is there a desire to put it to work?

Flood insurance has been a wallflower at the coverage dance- an eager participant but not able to find a suitable partner.  Innovation efforts have found suitable risk prediction partners for carriers- FloodMapp, Hazard Hub, and Previsco among others- but is the flood insurance market ready? Politics, inertia, customer preferences and regulation might keep the music […]

The post Flood risk AI is now a reliable tool- is there a desire to put it to work? appeared first on Daily Fintech.

Always something new to learn under the insurance sun

TLDR     For the common good the policyholders will corporate with each other. The contribution of the policyholders is considered donations. To help those who need assistance, all their policyholders will pay their share. The liabilities are shared according to the pooling system of the community and losses are divided. According to compensation and subscription, […]

The post Always something new to learn under the insurance sun appeared first on Daily Fintech.