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Building a Specialty Carrier: Does Culture Beat Strategy, or Is Culture Strategy?
After getting the go-ahead to build a new insurance company, BHSI's founding executive team—Peter Eastwood, president and CEO; David Bresnahan, executive vice president; David Fields, executive ...
Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different ...
The Future of Insurance Has Brokers at Its Heart
When many of my peers and I entered the industry, several days or weeks could pass between the initial inquiry by a potential policyholder and the time a transaction took place. Applications were ...
Can InsurTechs Follow Uber’s Path? There May Be Pitfalls
Uber Technologies Inc. announced its first quarterly results as a public company with an operating loss of over $5 billion in the quarter. The company is emblematic of the growth-at-all-costs model ...
Unknowns and Long Tails: What’s the Next ‘Ex’?
Executives of property/casualty insurance carriers have been offering reassuring statements about the trajectory of the market lately. Premium rates are keeping pace with loss costs, they say. But ...
Can InsurTechs Really Disrupt Insurers and Reinsurers?
The mantra of InsurTechs is changing. Initially, InsurTechs were going to disrupt the insurance industry through the use of technology; however, technology alone cannot replace the vital role played ...
ReinsurTechs Break Through: Reinsurance May Finally Be on InsurTech’s Radar
InsurTech startups targeting the property/casualty insurance industry proliferated in multiple ways over the last few years. Relatively few of them focus on reinsurers, however, and Will Dove has ...
Why Open Source, Blockchain-Powered Infrastructure Matters
I started my career as the first network administrator at the University of California, Davis. Part of my job was to help build the Bay Area Regional Research network, one of 10 National Science ...