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Does Analytics Mark the End of Underwriter Influence?
Underwriting is the secret sauce of the insurance industry. The process of selecting and pricing risk is essential to the profitability of a carrier, and the deep expertise necessary for this skill ...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Panelists at a New York event hosted last week by Lloyd's, the world's specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance ...
Rand Analyzes Impact of WC Reforms, Eco Downturn on Calif. Workers
Will workers compensation benefits from California's sweeping reform law passed in 2012 help or hurt injured employees over the next four years? Some people didn't want to wait until 2020 to answer ...
Commercial Lines Tech Startup Embroker Now Open for Business
Technology-inspired startup insurance broker Embroker, which bills itself as the first modern business insurance platform, has officially launched. Embroker is a commercial lines platform that ...
InsurTech Startup Launches Lease Guarantee Platform in New York
TheGuarantors, a New York-based insurance tech startup founded in 2014, is seeking to make renting an apartment in New York easier for landlords, brokers and renters through its newly launched, ...
Brace for Impact: ‘Agile’ Leaders Needed to Reshape Insurance Industry, Educators Say
Disrupters such as the Internet of Things (IoT), big data, the sharing economy and fintech are reshaping the insurance industry and those who lead it. So when Carrier Management asked a sampling of ...
Not All ‘Optimization’ Is Price Optimization; Allstate’s CGR Proves It
"The purpose of price optimization is to extract as much profit as possible from policyholders, who are often required to purchase insurance policies," according to a February 2015 press release from ...
An Accident of the Rating Process: Allstate’s Cure Explained
In Part 1 of this article series, I described cost-based pricing used by actuaries, which includes business judgment—introducing differences between the technical price indication for a book of ...