Strategy
Carrier Challenge: Adopting AI Quickly Enough
The adoption of artificial intelligence is having a profound impact on many industries, including insurance. As it becomes more common, AI will also allow insurers to introduce new products, ...
Allstate Plans to Retire Struggling Esurance Brand as Part of Broader Overhaul
Allstate plans to phase out its struggling Esurance brand as part of a broader overhaul in how the company does business, the Illinois-based insurer disclosed on Dec. 19. Executives are framing the ...
MS Amlin Will Exit Several Classes of U.K. P/C Business
MS Amlin, the London-based insurer and reinsurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, ...
Executive Viewpoint: In 2020, InsurTechs Will Lead the Way
The year 2019 has been a defining one for InsurTechs and, in many ways, has set the pace for what's to come. No longer are legacy companies the presumed leaders of the industry, as we've seen ...
Liberty Mutual Pledges Drastic Reduction in Coal Investments, Appoints Chief Sustainability Officer
Liberty Mutual Insurance will drastically limit future underwriting for and investment in coal risks, an apparent response to environmentalists pushing for greener investment strategies among ...
Low Interest Rates Could Dent French P/C Insurers Profits in 2020: Moody’s
The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers' profitability from low interest rates, Moody's Investors Service said in ...
Neptune Flood’s Growth Plans Leave Chairman, CEO Swapping Titles
Neptune Flood's two top leaders are switching their positions, a move designed to help prepare the InsurTech startup for its next phase of growth. Founder and CEO Jim Albert will become chairman, and ...
Beazley Goes After Life Sciences Startups With New, Targeted Liability Cover
Specialist insurer Beazley now sells life sciences liability coverage specifically designed for small businesses and startups in the sector. "As the life sciences sector continues to expand at a ...