Features
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...
Why Convective Storm Models Are Unreliable
In the United States, severe convective storms (SCS)—also known as severe thunderstorms, which can include tornadoes, hail and strong localized wind gusts—cause average annual insured losses of ...
Breaking the Cycle of Reduced Profitability
The property/casualty insurance industry is wrestling with a troubling paradox: how to cut costs without compromising quality. The U.S. P/C Composite rate was down 4 percent in December 2015, ...
Gaining Value From Big Data Analytics: What It Takes to Get There
Big data analytics can be immensely valuable for organizations across industry sectors, but for many, achieving that value has been difficult. Progress has been constrained by legacy issues in some ...
Verisk CEO: Emerging Tech’s Innovations for Insurers
From drones hovering overhead to connected cars on the roads around us, rapid advances in technology are leading to radical new practices in business and science. These advances may bring benefits ...
Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator
Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper. Today, the focus is on creating an environment that supports ...
Anyone Can Create a Strategy; Holding It Is the Most Important Part
Insurance leaders trying to learn the secrets behind successful business strategy should consider a classic lesson from TV's "Seinfeld." To reword slightly, "See, you know how to create the strategy, ...
If the Insurance Industry Were Netflix, Amazon or Apple
Like Netflix, Amazon and Apple, property/casualty insurers have been using analytics to understand their customers, but the similarity probably ends there for most insurers, one carrier analytics ...