Lauren Dieterich

Without trust, AI implementation falls flat. In a recent piece for Insurance Thought Leadership, SVP & General Manager of North America Chase Tarkenton explores trust’s essential role in the industry, and how to build AI-enabled experiences customers can depend on. Read more here: https://hubs.la/Q02Hc3X90 #CX #AI #Innovation #GenerativeAI #ConversationalAI #Insurance #Insurtech

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The right domicile is critical to the long term success of the captive. There are many essential factors to consider from stability to ongoing support. Check out Pinnacle's Senior Consulting Actuary Daniel Linton's article in Captive Review discussing the importance of sound domiciliary decisions. Read it here!

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Clinical expertise is the jelly to actuarial insight’s peanut butter. Medical consultant Kimberly Sapre, rounds out this roundtable discussion at the Society of Actuaries Underwriting Innovations Symposium with critical clinical perspectives. Don’t miss this insightful session that will focus on three recent innovative industry studies.  #underwriting #actuarial #lifeinsurance

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Overall, placement results for casualty programs continued to be dependent on highly technical, data driven insights, including quantifying mitigation of prior year developments in many areas of going-forward portfolios as well as addressing portfolio rate changes relative to loss trends. https://bit.ly/3Lh477V

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Pinnacle’s May APEX Webinar, “Governmental Risk Pools: Adding Value to the Public Entity Insurance Market” is now available for registration! Join Senior Consulting Actuary Daniel Linton and Consulting Actuary Nicole McArdle as they provide an overview of the market conditions that drove the formation of governmental risk pools, the challenges they continue to face and discuss how actuaries can serve as a collaborative partner in helping risk pools achieve their goals. Register now! https://lnkd.in/giKgdhHE

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#IBTalk: Exploring the dynamic world of Accident and Health insurance in this podcast. Join Danny Wood and Jarrod O'Connor of Arch Insurance Group Inc. as they discuss market growth, strategic adaptations, and emerging opportunities in the A&H sector. Listen here: https://hubs.la/Q02y1FzY0

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CMS addresses underinsurance by implementing a final rule that reduces the maximum coverage duration for short-term limited-duration insurance plans, also known as “STLDI” or “junk” plans. Learn more about the risks associated with STDLI coverage and consumer options for comprehensive coverage. https://bit.ly/3VZe9RR HealthPayerIntelligence Centers for Medicare & Medicaid Services #HealthPlans #healthcare

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In a recent interview with Risk & Insurance, Lauren Finnis, Head of Commercial Lines (North America), discusses the integration of AI in the insurance industry, the management of novel risks and the future of commercial insurance. #AI #InsuranceIndustry #InsuranceInnovation #RiskManagement #CommercialInsurance https://ow.ly/ZmVm50RC7u5

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Technology is reshaping the insurance landscape, transforming every facet of the journey from sales to underwriting to claims processing. One of the most notable advancements is in the realm of underwriting, particularly in life insurance.   Gone are the lengthy processes involving fluid testing and gathering medical records for weeks. With the power of insurtech, crucial medical information is now accessible online, with the applicant's consent, streamlining the underwriting process significantly.   Artificial intelligence and machine learning are catalysts driving efficiency in coverage decisions. By harnessing vast amounts of data, machine learning enables swift decisions, ensuring a seamless experience for insurers and applicants.   The benefits of technologies such as predictive analytics and machine learning in the insurance industry are undeniable. They allow for greater speed and efficiency, empower instant decisions, and free valuable time for meaningful client interactions.   Looking ahead, the integration of large language models and Generative AI holds immense promise, revolutionizing marketing strategies. Tailored messaging at scale promises heightened relevance and engagement, ushering in a new era of customer-centricity.   As we navigate this transformative journey, we at Menora Mivtachim Group are committed to harnessing the power of technology to redefine our customers' insurance experience.   You may read more here: https://lnkd.in/dyb6KFzK   Michal Cobani Tal Langevich Avraham Jeki Cohen Itai Green InsurTech Global Patti Harman   #futureofinsurance #insurance #insurers #insuranceindustry #innovation #insurancetrends #insurtech #openinnovation #technology #digitaltransformation #2024outlook #underwriting #genai #generativeai #AI #largelanguagemodels #machinelearning #customercentricity

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Check out our Chief Actuary Dan Palardy's newest article discussing the most common myths in cyber catastrophic (CAT) modeling, as well as his predictions for the future. https://bit.ly/4eFp4Hi #CATmodeling #CyberCatastrophicRisk #Cybersecurity #Cyberinsurance #MoreCowbell

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🎙️ Discover how data can shape the future of business success in this episode of #FastBreak. M3's Erik A. Vandermause and Paul Krause reveal how data-driven insights can drive strategic choices, enhance operational efficiency, and uncover new opportunities for growth. #M3Elevate Hosted by: Matt Cranney, CIC, CRM

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Insurance Thought Leadership released an insightful article authored by Pinpoint CEO, Scott Ham where he shared his perspective on revolutionizing the insurance market with individualized risk intelligence. Read more @ https://hubs.li/Q02Bc2g60 #InsuranceInnovation #RiskIntelligence #InsuranceThoughtLeadership #AIInsurtechs

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The overall trend for Auto Liability and Umbrella & Excess for the second quarter of 2024 is a hardening market with rates forecasted to go up to 15%, while markets like cyber are softening with rates going down to 0%, according to CAC Specialty.

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AM Best report: Social inflation drives up claims costs for US casualty insurers, impacting loss severity and pricing strategies. Read More

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2024 Life & Annuity begins today! Meet up with Co-Founder & CEO Andy Smith and Director of Sales Jon Fowler at Booth 225 to learn more about how SLOPE is transforming the work of actuaries.

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Great article in Digital Insurance this morning about Chubb's executive vice president, middle market, and chief underwriting officer, Michelle McLaughlin. According to the article, McLaughlin "leads a division that writes $6 billion in premiums for policyholder companies that have as much as $1 billion in revenue. The article also indicates "McLaughlin leads a 60-person team and has broad responsibilities for profit and growth. Aside from her group's external clients, she also supports Chubb's senior management and underwriters." It's a lot of responsibility, no doubt, but, it's her thoughts on data that have us paying close attention. "One of the major transitions that I've seen over the past 27 years, and it's progressed every year, is the ability to use data," McLaughlin said in the article. "We can now use data to better manage our portfolio, but also provide that data to our underwriters so they can make better account underwriting decisions." Data is the lifeblood of the insurance industry and Percipience knows data. Percipience's core system agnostic, data and analytics platform, Data Magnifier, helps insurers organize, access, utilize, and monetize existing and new or third-party data. You can read the rest of the Digital Insurance article here: https://lnkd.in/dEv74SFj And, you can visit the Percipience website to find out more about what Data Magnifier can do for you here: www.Percipience.com. #data #insurance #insurtech #underwriting #analytics #insurancedata

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