In this technical spotlight version of the insurance news analysis, we delve into some interesting niche topics that have been used in new technical approaches. First, the soon-to-be-reach transition to Blueprint second line sparked a little debate about Borexeaux management. We discuss whether these legacy processes that rely on Excel need to be reinvented or what is really needed is a modern underwriting platform.
Second, third-party litigation funds (TPLFs) are often unknown and undisclosed in court to fund prolonged litigation in the hope of obtaining a claimant’s expense, which has caused some controversy. There are many legal and ethical issues right now, but we focus on technologies that airlines may play when they seek to find fast and equitable solutions for their customers.
Finally, on Earth Day, the insurance technology ecosystem reported that Zesty AI now provides P&C carriers with more granular property risk data, analyzing factors such as vegetation density and building materials and weather patterns. We discuss how operators can use these new data sources and models to help prevent and mitigate risks.
