CTO / Technology
Novarica: U.S. Small Commercial Insurance Market Slowly Warming to Online Sales
Few carriers in the U.S. small commercial insurance market are relying on direct online sales right now. But the number is growing, and it could become quite large within the next five years, ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...
KPMG: Driverless Cars Could Drastically Reduce U.S. Personal Auto Insurance Sector
The U.S. personal auto insurance sector could shrink by 60 percent within 25 years as autonomous vehicles catch on, vehicles become safer and both trends reduce the number of accidents, KPMG said in ...
UPDATED: Duperreault Reveals Cooperative Millennial Recruiting Effort at PCI Conference
For a while now, Hamilton Insurance Group CEO Brian Duperreault has called for property/casualty insurers to embrace technology and find ways to recruit millennials to help fully unlock its ...
Willis Re Aims to Fill Catastrophe Model Gaps
Willis Re, the reinsurance division of Willis Group Holdings plc, is aiming to enhance its clients' understanding of catastrophe risk with its own views of both modeled and unmodeled risks, the ...
New ACE Terror/Violence Coverage Addresses Bomb Threat Hoaxes, Looting and More
ACE Group is marketing new multinational insurance coverage to help businesses handle fast-evolving terrorism and political violence problems. The policy addresses a wide range of areas including ...
How to Embed a Culture of Innovation
It may have a reputation for conservatism, but the insurance industry is no stranger to innovation. If we look back through history, we see that insurance has driven innovation in crime prevention, ...
RMS Buys Up Real-Time Hurricane Impact Data Startup
Catastrophe modeling firm RMS has acquired HWind Scientific LLC, a startup focused on producing real-time hurricane impact data. Neither side disclosed financial details. But RMS said the acquisition ...