Strategy
Telematics: Adoption and Success Strategies for Insurance Carriers
Many property/casualty insurance carriers have adopted telematics to tackle some of the most pressing challenges related to efficiency and safety. This adoption is generating tremendous data. In ...
Actuaries vs. Underwriters: Behavioral Scientist Explains the Age-Old Battle
When a cognitive bias expert gave the keynote address at a Casualty Actuarial Society meeting in May, he called actuaries the unsung heroes and heroines of their property/casualty insurance ...
Telematics Has Kept the Promise: Allstate’s Journey Continues
Telematics has been on personal insurers' radar for many years, and it has recently reached a tipping point. Nowadays, it is recognized as a necessary capability for the future success of any auto ...
Don’t Count Out InsurTech Disrupters, Carrier CEOs Say
InsurTechs bent on disrupting the insurance industry haven't succeeded so far, but a future wave of InsurTechs might emerge to accomplish a similar goal, carrier executives said recently. Speaking at ...
Tokio Marine Kiln Selling Highland’s U.S. Construction Biz to Intact Insurance
Tokio Marine Kiln (TMK) has agreed to sell its Tokio Marine Highland's (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact). Financial terms of the deal were not disclosed in ...
How Customer Dissatisfaction Can Erode Merger Benefits
When two companies merge, they see an initial benefit, but consumer dissatisfaction often erodes the new company's value. According to new research from the University of Georgia, big brands often ...
Hippo Sets Sights on Improved Gross Loss Ratio, Geographic Expansion for 2022
Hippo, a home insurance group focused on home protection, knows that good things take time, especially in insurance, according to President Rick McCathron. "The thing about insurance is that once you ...
Memo to Brokers: Stick With Loyal Insurers/MGAs; Price Isn’t the Only Differentiator
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an ...