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Just one of the tools we’ve seen have big impacts on the construction and real estate space! Great things happen when you arm the right expertise with tech and AI! #newfront #construction #insurance #riskpulse #ai #technology

Cowbell's co-founder and CPO Rajeev G. recently had a conversation with Dan Reynolds from Risk & Insurance about how Cowbell utilizes data and AI to assess risk and build unique insurance products that help policyholders outside of just coverage. Check it out: https://bit.ly/3Vs2n0l #AI #CyberInsurance #InsuranceInnovation #MoreCowbell

Game-Changing RiskPulse Tool Revolutionizes Contractor Risk Management The construction industry is facing unprecedented risk and rising insurance costs. That's why I'm excited to tell you about RiskPulse, a powerful new proprietary tool from Newfront Insurance that is proving to be a game-changer for contractor clients. RiskPulse uses advanced data analytics to translate potential losses into metrics specific to your construction business - things like cost per worker hour or cost per project. This real-time visibility allows you to truly understand the impacts of claims and incidents on your bottom line. But RiskPulse doesn't just quantify risk, it empowers you to proactively mitigate it. By identifying risk drivers upfront, you can implement targeted loss control strategies proven to reduce insurance costs over time. One client facing 50% workers' comp renewal increases brought their annual spend down by 50% after using RiskPulse insights to overhaul their safety program. The benefits go far beyond just lowering premiums: ➢ Cost Transparency: See what claims and incidents are really costing your business ➢ Risk Mitigation: Identify and address risk drivers before they become claims ➢ Lower Total Cost of Risk: Optimize coverages and reduce overall insurance spend ➢ Improve Operations: Protect your workforce and enhance profitability When paired with Newfront's world-class construction safety experts and loss control services, RiskPulse allows you to take a proactive stance on incident prevention. We analyze your risks, develop mitigation plans, and structure an insurance program to protect your profits. If you're a contractor plagued by rising insurance costs, RiskPulse could be a game-changing solution. As your trusted risk advisor, I'd be happy to give you a personal demo of this innovative tool. Just comment below or message me directly to learn more! #ConstructionTech #RiskManagement #ContractorTools #ConstructionSafety #InsuranceTech #DataAnalytics #LossPrevention #ContractorInsurance #ConstructionRisk #DigitalTransformation

Coming up next. #shallowfakes in #insurancefraud It's not often you get the chance to facilitate a discussion on a hot topic of the moment... ➡ With insight looking across the UK market And ➡An expert view from the Nordics With ➡Input and vision from another FS sector Three great panellists. Superbly interesting subject. Don't miss out if you're at Insurance Innovators Fraud and Claims. New #vulnerabilities New #tricks

On Ep. 585 of Profiles in Risk, I chat with insurtech veteran @Ed Halsey about his experience thus far and the future of insurtech. A fun conversation! LINK TO THE SHOW IN THE FIRST COMMENT! #Insurance #Insurtech

It's been an incredible experience partnering with the team at Wrisk to tackle the complex challenges of fraud targeting their subscription product. This collaboration has truly showcased the power of collaboration and shared intelligence in driving impactful results. Together, we've demonstrated how innovation and partnership can effectively combat fraud and create stronger, more secure solutions. To find out more about the work we've done, have a read of the case study below. #FraudPrevention

Lauren Finnis, NA Head of Commercial Lines, WTW Insurance Consulting and Technology, spoke about transformation in commercial insurance at the 2024 Insurtech Insights USA Conference with AM Best's Lori Chordas. Lauren discussed transforming pricing processes into ongoing cycles, addressing technology gaps in insurers' roadmaps, embedding analytics within organizations, the future of underwriting, and how underwriting workbenches help navigate complex risks. Click here for the full interview: https://ow.ly/VyBw50SkqBF #WTW #CommercialInsurance #InsurTech #UnderwritingInnovation

How one fast-growing Insurtech has rewritten the rules of low friction. ⬇️ Learn how Wrisk have collaborated with Synectics to pull fraudulent customers away, and push more genuine customers through friction-right insurance experiences. https://ow.ly/7ezw50TgmqV #FraudPrevention

During our Reshaping Insurance conference, Derric Howard, Director and Head of Underwriting Transformation, shared how insurers need to be thinking about their data strategies in order to stay relevant in a rapidly evolving insurance market. To find out more about how we’re helping insurers with their data strategies, contact us at ict@wtwco.com #WTWInsurers #DataStrategies

In a recent conversation with Sharon Paterson, CEO of Infiniti Insurance, and Angus Black, director at BarnOwl Data Solutions, we explored the issue of data sharing between insurers and brokers. This discussion highlighted the importance of efficient data management for regulatory compliance, business operations, and the mutual benefits it offers to both insurers and brokers. 👉 Read the full article here: https://buff.ly/3xPuZsA