"Technology is a necessity of the modern business world, especially in insurance. The efficiencies, cost savings, data and business insight that technology can provide will make us better as an industry and help us all to grow.”
...the Insurance Information Institute (I.I.I.) and the Casualty Actuarial Society (CAS) explain why actuaries apply variables when setting rates – for example using a driver’s age and gender, accident history and vehicle model year to calculate the premium on an auto policy.
Chatbots and artificial intelligence offer endless possibilities for business processes across industries...Some fear that these technologies could take over several tasks and displace many insurance workers, leaving them jobless.
A recent J.D. Power survey asks exactly these questions – and found that we have a long way to go before our customers get comfortable with their personal insurance company collecting troves of their data.
PRESS RELEASE: NY State of Health, the state’s official health plan Marketplace, today announced that New York’s uninsured rate has reached the lowest point ever recorded at 4.7 percent in 2018, according to recently released data from the federal Centers for Disease Control and Prevention’s (CDC) National Health Interview Survey. Under Governor Cuomo’s leadership, the state has reduced the number of uninsured people by 1.2 million since 2010, including nearly one million since the Marketplace opened in 2013.
“It’s evident in the numbers released today that there is high demand for quality, affordable health coverage..."
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