Returning as CM Guest Editor, IoT Insurance Observatory Director Matteo Carbone teamed up with representatives of State Farm, HSB, Nationwide, Tokio Marine, The Hartford and Allstate to detail the increased sensor-powered connections they’re making to the physical world to alert humans to act in ways that will eliminate dangers and change risky behaviors—ultimately reducing insurance claims.
In addition, this issue looks at the challenges facing claims executives when claims do happen.
There's an image accompanying the next article of this special report showing a closeup profile view of a visionary whose mind is connected to a network of things. (The State Farm Vision: Ecosystem ...
Over the past several years, the property/casualty insurance industry's use of Internet of Things (IoT) has significantly accelerated. Beyond auto telematics, P/C insurers—from major carriers to ...
A century-old insurer is evolving to help people manage the risks of everyday life, recover from the unexpected and realize their dreams in an increasingly hyperconnected world. The State Farm ...
Telematics insurance has traversed more than two decades, cycling through phases of curiosity, dedication and subsequent disappointment. Only recently has the U.S. auto insurance sector acknowledged ...
When consumers decide what to buy, they want companies to treat them as individuals: "Do you know my unique needs?" and "Will you be there for me when I need you?" For insurers, the answer to these ...
The world is progressively witnessing heightened interconnectedness. Sensors present in physical objects capture data and link to digital communication networks. The data can then be analyzed, ...
In our ever more interconnected world—from vehicles to manufacturers to health care to the power grid—solutions to avoid risk are becoming more common. Our automobiles have evolved into veritable ...
The turnaround at Aspen Insurance Holdings—the result of a multipronged, multiyear effort—is bearing fruit with a return to consistent profits. Mark Cloutier, executive chairman and CEO, ...
In its Global Economic Outlook report for 2023 through 2025, Allianz reported that the company expects global inflation to fall to 4.3 percent in 2024, down two percentage points from 2023 levels. ...
Workers compensation has been a profit juggernaut for the property/casualty insurance industry over the past several years. Underwriting profits from the workers comp line have accounted for the ...
In March 2015, the World Health Organization's International Agency for Research on Cancer (IARC) designated glyphosate, the active ingredient in Roundup, as "probably carcinogenic to humans" (Group ...
The number of global climate catastrophes and weather events costing at least $1 billion reached 23 in 2023, eclipsing the record of 22 set in 2020, according to the National Oceanic and Atmospheric ...
The claims industry is navigating a lot of change right now in the face of inflation, growing climate volatility and an ongoing talent shortage, but of all the disruptive factors, Lemonade's Chief ...
Depending on what report you have read, totaled auto losses are up, down or relatively stable. Ever since the personal auto segment recorded a combined ratio of 112 last year—a figure not seen ...
In December 2022, before much was known about how Houston's McClenny Moseley & Associates could set up shop in New Orleans—and sign up thousands of Louisiana clients in less than a year—a ...
What do you think is the biggest threat facing property/casualty insurers today? Is it escalating claim volumes? Litigation? Higher reinsurance costs? Other industry-specific challenges? The answer ...
Being a CEO can be an all-consuming job. No matter how well the organization is performing, there is always the sense of responsibility to stakeholders. CEOs are also granted a sort of "rock star" ...
Over the last two years, insurers have been dealing with the most disrupted property reinsurance market since 1992. As was the case in the post-Andrew era, reinsurers have abruptly hiked coverage ...
"A Moment of Incredible Opportunities" That title on top of a series of slides presented by a featured speaker at a recent Casualty Actuarial Society annual meeting drew my attention. Alex Salkever, ...
