Tag: insurance analytics

Concirrus Launches AI-based Quest Property in US to Speed Claims Process

PR Article
insurance tech news insurtech

Concirrus, a leading insurtech that harnesses the power of AI, machine learning and data analytics to improve insurance… today announced the launch of its Quest Property solution in the US market available for both residential and commercial properties. Quest Property uses AI to process satellite and aerial imagery quickly and accurately, determining loss severity within hours of data acquisition. By giving greater control to the insurer, Quest Property significantly reduces the time and resources that go into the claims process while mitigating additional claim loss due to risk of fraud,…

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Allstate insurance analytics prepare for anticipated transportation industry changes

G. Turner
Insurance analytics - Cars in Rush Hour

The insurer has gone all-in to work the data ahead of widespread expected automotive changes. Allstate has gone for it with the development of an insurance analytics company. The goal is to use it to be prepared for a massive overhaul of the transportation that it anticipates in the not-too-distant future. Roadways have become very dangerous as they are increasingly used and congested at all times. A recent Forbes report focused on an interview with Gary Hallgren, the president of Arity, a company Allstate created in 2016 in order to…

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Usage based insurance partnership formed by Sprint

G. Turner
Usage Based Insurance

The wireless giant is now partnering with Intelligent Mechatronic Systems to appeal to auto insurers. Sprint has now announced that it is entering into a partnership with Intelligent Mechatronic Systems, a usage based insurance technology provider that allows auto insurers to be able to offer telematics based coverage to their customers. This category is now taking off among insurance companies, basing premiums on a driver’s actual risk. Traditionally, auto insurance companies use broad generalizations about various categories of drivers in order to calculate premiums. Factors can include everything from location…

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