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

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,…

Read More

GeoX partners with Sompo Japan to develop AI-based automated underwriting platforms

insurance news

GeoX, a leader in supplying geospatial data to insurers Announced today a partnership with Sompo Holdings Inc., Sompo Japan Insurance Inc., and Sompo Risk Management Inc., specialty providers of property and casualty insurance and reinsurance with operations in the U.S. and 80,000 employees in 228 cities in 30 countries. This partnership will support Sompo Japan as it develops an automated underwriting methodology utilizing state-of-the-art AI technology.  In recent years, advances in geospatial data technologies such as higher resolution and 3D satellite imagery have led insurers to use data in ways…

Read More

Morale-boosting activities to bond your workplace

Office morale is a serious factor for any business owner or manager, as it will directly impact the productivity and retention of a team. We often discuss the many things that negatively impact office morale, so let’s uncover what can actually improve office morale. Remember, having a happier workforce will create more opportunities for professional development and will likely also assist in achieving your business goals and that bottom line. Contribute to a cause together Deciding to support a cause is a great way to create unity in the office,…

Read More

GEICO sweetens its insurance jobs with new education benefit

Insurance jobs - Education Benefits

The new benefit is being offered across the company, eliminating all upfront costs of education. GEICO has announced that it is adding a new education and growth benefit across the company to make insurance jobs even more appealing to the 40,000 existing associates and those considering a position with the company. The education benefit through GEICO Strive is available to current and new associates in the company. Through GEICO Strive, those with insurance jobs with the company will have access to over 220 schools and education providers and will enjoy…

Read More

State Farm to hold two massive insurance job fairs to hire thousands

Insurance job - Job Fair

The insurer is seeking to fill over 3,400 positions during the events, which will be held virtually. State Farm announced this week that it will be holding two virtual insurance job fairs as it seeks to hire over 3,400 new employees. The events will be held in the next few days and are designed to help meet with prospective candidates. The insurance company announced in a recent media release that it will be hiring thousands of people in full-time and part-time positions. These employees will have positions across the United…

Read More

7 Tips for Motivating Your Small Business Team

Managing a small team can often be very rewarding, especially if your team is in the business of drywall estimating services. You don’t have as many people to lead as you would with a large team of staff, so you have more of an opportunity to get to know people on an individual level. You still need to put the effort into motivating them, though. Otherwise, even small teams can become less than productive. If you’re a business owner with a small team, here are seven tips for motivating them.  1:…

Read More

Dennis M. Baez Joins Berkley Construction Professional as Senior Vice President of Underwriting

Morristown, N.J. (August 31, 2021) – Dennis M. Baez joins Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, as a senior vice president of underwriting. He is responsible for underwriting primary and excess business within the retail and wholesale insurance communities, fostering strong broker relationships and achieving profitable growth for Berkley Construction Professional’s contractors’ and owners’ professional liability portfolio. “Dennis’ extensive experience at several global leaders in insurance broking will help us better understand the professional liability needs of our customers and enable us to develop…

Read More