Executive Viewpoint: Reimagining Personal Lines Risk – Now and for the Future
For decades, personal lines insurance has taken a repair-and-replace approach to our business. As president of Nationwide's Personal Lines, I've seen the impact this ...
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3 Emerging Risks to Watch: Biogenic Materials, Modular Nuclear Reactors, Farm Technology
Lately, it seems as though we're surrounded by discussions about how best to grow the American industrial sector. A key component of this discussion hinges on how to supply and power these industries ...
High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
A new survey of corporate insurance buyers reveals widespread interest in buying insurance to cover Gen AI risks—and a willingness to pay up 10-20 percent more in organization-wide insurance ...
Viewpoint: Gen AI Offers a New Frontier in Claims Modernization
When it comes to modernization, it sometimes feels like the insurance industry is running to stand still. In recent years, carriers have invested significantly in intelligent automation, ...
Is This Claim Covered? Lawyer-Built AI Drafts Coverage Letters in Minutes
Dan Schuleman, the co-founder and chief executive officer of Qumis, unhappily remembers a time when he worked as outside coverage counsel for an insurance company ...
Reimagining Homeowners Insurance in the AI-Powered Claims Era
Historically, the insurance claims process was built on paper files, and that infrastructure has not fundamentally changed in more than 100 years. It's long overdue for a refresher. Even as carriers ...
Injury Severity and the Power of the Anchor: Swiss Re’s Juror Analysis
"Verdicts on trial: The behavioral science behind America's skyrocketing legal payouts." Our international editor, Lisa Howard, captured some of the highlights of a recent report from Swiss Re with ...
Bigger Piece of the Pie: Surplus Lines Market Hits New Record
Whatever line of business, the surplus lines industry continues to play a critical and more prominent role in the property/casualty market. "It's pretty incredible to have watched what the E&S ...
Risk Reality vs. Commercial Insurance: Coverage Holes Exposed
Two recent reports—one reviewing property and business interruption risks and the other, liability—highlight a growing divide between escalating risk and shrinking insurance coverage. They also ...
Are Your Risk Prediction Models at Risk of Falling Asleep at the Wheel?
Risk models aren't just actuarial artifacts anymore; they're strategic assets. Or at least, they should be, and the use of AI is accelerating the opportunities.