Blog Archives
P/C Insurers Less Bullish on Telematics: WTW Analytics Survey
Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, ...
Underwriting Management: The Core System You’ve Been Missing
When we say "core systems" in our industry, we are typically referring to the critical software applications that are core to an insurer's business operations, mainly the policy, claims and billing ...
Is InsurTech Hype or Not?
Although more than 6,000 people attended this year's InsureTech Connect conference in Las Vegas, three words uttered by one well-known attendee got the most attention from readers of Carrier ...
More Entry Points, More Risk: The Tech Industry’s Underwriting Challenge
The challenges faced by underwriters have grown immensely in recent years. For underwriters working specifically within the technology sector on errors and omissions (Tech E&O) coverage, the ...
Beyond the Hype: How to Value InsurTechs
Why is it so hard for property/casualty insurance carrier professionals to accept the idea that InsurTechs are bringing value to the insurance industry—and changing it for the better? I have found ...
COVID Fallout: Insurers Must Address Evolving Small Business Risks
During the past 18 months, the COVID-19 pandemic has wreaked havoc on thousands of U.S. small businesses and created unprecedented challenges for them as well as for their insurers. Amid numerous ...
A Repeatable Model for Using IoT to Transform Commercial Insurance
Traditional insurance products focus on risk transfer. Insurers compete based on their ability to use historical loss information, data gathered during the submission process and other data from ...
Are InsurTechs Losing the Talent War? It’s Debatable
A group of actuaries recently polled about whether people working for InsurTech startups were more talented than those working at incumbent carriers assessed them as just about the same. The true ...