THE ROLE OF BIG DATA IN UNDERWRITING Big Data has revolutionized the underwriting process in car insurance, bringing about significant changes in how insurers assess risk, set premiums, and manage their portfolios. Here’s an extensive look at the role of…
PANDEMIC EFFECTS ON AUTO INSURANCE The COVID-19 pandemic has had significant effects on various sectors, and the auto insurance industry is no exception. Here’s an extensive look at how the pandemic has impacted auto insurance: Changes in Driving Habits: One…
THE FUTURE OF AUTO INSURANCE: TRENDS AND INNOVATION The future of auto insurance is likely to involve increased use of telematics for personalized pricing, incorporating AI for risk assessment, and advancements in claims processing through automation. Additionally, innovations like usage-based…