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The Climate Factor: Why 100 Years of Data Is Not Enough for Cat Models
Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon ...
COVIDigation Part 3: What’s the Deal With Business Interruption Claims?
Well, 2020 is almost over. Am I right? Following up on previous work exploring the relationships between COVID-19 and business interruption insurance litigation, in this article we evaluate trends ...
Despite InsurTech Successes, IT Modernization Faces Many Obstacles
If you just read the headlines, you'd think the Golden Age of technological integration has arrived in our industry. After all, less than six months ago, Lemonade—the app that boasts the ability to ...
How to Avoid Bad Faith Damages in COVID First-Party Property Lawsuits
As observed from the numerous COVID-19 first-party property cases that have already been filed, insureds are claiming insurers have denied their business interruption claims in bad faith. Whether the ...
Partnerships or Acquisitions? How Carriers Can Speed Their Digital Evolutions
While most carriers have embarked on the digital innovation journey, the results have been mixed. Although personal insurance carriers have made more headway over the past several years, the ...
Three Must-Have Components of an InsurTech Strategy to Boost Carrier Growth
Over the past five years, InsurTech investment has fueled a significant uptick in the availability of InsurTech solutions looking to streamline inefficient processes. Independent agents who are ...
Potential Industry Disrupter: Insurance-as-a-Service
How do property/casualty insurers and brokers stack up against other industries in terms of innovation? In short, they aren't sprinting anywhere as fast as "innovation natives" in the high-tech and ...
InsurTechs vs. Incumbents: Trends to Watch
Panelists speaking at a recent Carrier Management Virtual Roundtable agreed that InsurTechs are sprinting ahead of insurance industry incumbents on the innovation spectrum but said that investments ...