The Pivotal Role of AI in Insurance Underwriting November 15, 2022 By Origami Risk “Both incumbents and newcomers are developing insurance products that use large amounts of data to assess, select, price, predict and prevent risks that in some cases were previously considered uninsurable. These new technologies allow for the development of powerful new business models which in turn enable the role of insurance underwriting to evolve from ‘understand … Continued
Comparing On-Premise Technology Versus SaaS (Software as a Service) September 14, 2022 By Origami Risk Gartner, a leading technology and research company, defines total cost of ownership (TCO) as a “comprehensive assessment of information technology or other costs across enterprise boundaries over time. TCO includes hardware and software acquisition and/or subscription costs, management and support, communication, end-user expenses, and the opportunity cost of downtime, training, and other productivity losses.” Choosing … Continued
Client Q&A – Allie Matthews, PRIMA’s 2022 Risk Manager of the Year September 13, 2022 By adrian Each year, the Public Risk Management Association (PRIMA) honors a public-sector risk manager with the Public Risk Manager of the Year award, the most prestigious award an individual member of the organization can receive. This year’s recipient is Allie Matthews, risk manager for the City of Tucson, Arizona. We recently spoke to Matthews to learn … Continued
Artificial Intelligence, Machine Learning, and Predictive Analytics – The Next Wave of Tech Trends August 22, 2022 By Origami Risk Here is what insurers and MGAs need to know on P&C insurance data Many consider data as the new oil of the digital era. Like oil, when processed, analyzed, and utilized efficiently, data will become even more valuable. In 2020 alone, there were 44 zettabytes of data created worldwide. That’s about 1.7 megabytes of data … Continued
Award-Winning Safety & Sustainability: A Q&A with the Las Vegas Valley Water District July 22, 2022 By Origami Risk In June, Las Vegas Valley Water District (LVWWD, the District) won — for the second year in a row — the American Water Works Association’s Wendell LaDue Utility Safety Award, which is bestowed annually to recognize distinguished water utility safety programs. Last year, the District also received the 2021 Larry C. Larson Safety Award from … Continued
Software: To Build or to Buy, That Is the Question May 13, 2022 By Origami Risk Here is what insurers and MGAs need to know. Over the past few years, insurers have been dealing with the cost and maintenance of legacy systems and wondering whether they should invest in building or buying new software to meet the digital demands of today’s market. Because software development has progressed tremendously, core insurance products … Continued
Low Code/No Code: Is This the Next Big Thing in Tech? April 22, 2022 By Origami Risk Software development is thought of as a long, tedious, and costly process for insurers and MGAs. In conventional software development, programmers write long lines of code using computer coding language that is not easy to understand to create functions and features desired in a computer program. The process requires programmers to have in-depth knowledge of … Continued
Determining your EHS Maturity April 18, 2022 By Origami Risk In our discussions with industry experts and practitioners, Origami discovered the need for these individuals to assess where they stood in terms of both their safety culture and their technology profiles as they figure out the next steps in keeping employees safe. Why is that? The importance of safety culture maturity is well documented. As … Continued
SaaS (Software-as-a-Service) is Transforming Insurance April 15, 2022 By Origami Risk Here is what you need to know about SaaS. Insurers find themselves struggling with how to keep up with the pace of technological change. Available cloud solutions that manage core insurance systems break down into three broad cloud categories: On premise: the insurer provides all required infrastructure and network access for an installed platform. Cloud … Continued
EHS Maturity Assessment – How Can it Benefit You? March 21, 2022 By Origami Risk In this 2-minute read, we dive into how you can decipher where your organization’s EHS Maturity stands and determine concrete next steps to advance your program. Go to any EHS conference or read any EHS publication, and you are guaranteed to hear about “safety culture”. It’s probably on the top of your mind as an … Continued