Content from Susanne Sclafane
Reinsurers and a Tech Oligopoly: The Future of Insurance
When Marty Young, co-founder of InsurTech Buckle, participated in a keynote interview at an M&A insurance conference late last year, the executive warned that the insurance industry is on the ...
Do Reinsurers Rule the Industry?
"If you're an insurer today, and you're really good at underwriting, you should evolve into being a reinsurer and jettison out other assets." The words of advice from InsurTech Co-Founder Marty Young ...
Creating the USAA for the Gig Economy: Buckle CEO
"Legitimizing the Shared Economy." The phrase, with a trademark symbol at the end of it, is the first thing visitors see on the "About Us" page of InsurTech Buckle's website. On another website page, ...
What Buckle Offers Now
Buckle currently works with nine reinsurers across four programs. In February 2020, Buckle began offering its hybrid personal and commercial auto insurance product to Lyft drivers in Georgia, ...
Carriers Struggle to Transform Innovation Efforts Into Results: AM Best
Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation ...
Systemic Risk: What It Feels Like
Tuesday, May 11 started out as an ordinary day for me. Early in the day, I was following the latest news about the lingering effects of a ransomware attack on the Colonial Energy pipeline, which had ...
Progressive ‘Crushing It’ on Profit: Berkshire’s Jain and Buffett
Berkshire Hathaway Chair Warren Buffett and Vice Chair Ajit Jain admit that GEICO ranks behind Progressive in its ability "match rate to risk," but both competitors will soon surpass State Farm and ...
Feds Could Step in to Fix Racial Bias in Insurance Pricing
If the National Association of Insurance Commissioners doesn't act this year to correct systemic racial bias in insurance ratemaking and other processes, Congress may pass anti-discrimination laws ...