Data & Research
Getting It Done: Keys to Policy Administration Systems Transformation Success
The policy administration transformation effort includes many phases that present the carrier with unique challenges. Survey respondents were asked which phase was the most challenging. Planning ...
Insured Disaster-Related Losses Hit $49B in 2016, Well Above 2015 Levels
Insured losses from disaster events around the world cost $49 billion in 2016, a 33 percent jump over 2015. Much of the cost stemmed from Hurricane Matthew, earthquakes, hail and thunderstorms, ...
Communications, Media, Tech Firms’ Risk Awareness Higher Than Actual Preparedness: Marsh
A large number of communications, media and technology companies see their risks becoming more complex or larger in the years ahead. While that awareness is high, however, protection and preparedness ...
Reinsurance Sector Can’t Shake A.M. Best Negative Outlook, Despite Market Bottoming
The outlook for the reinsurance sector is being held at negative by A.M. Best, which cited continuing market challenges that will hinder the potential for positive rating actions and may eventually ...Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...
Policy Administration Transformation: Business Case Moves Carriers to Action
As the marketplace moves toward digital technology, the need for faster and less expensive solutions is elevating the role of core systems into front-office interactions. This is driving carriers ...
Price Declines Are Accelerating for D&O Coverage: Willis Towers Watson
Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest ...
Insurability Challenges Hamper Cyber Market Development: Geneva Assoc. Report
While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market," according ...