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Potential Flood of Flood Insurance Lawsuits Looming
Everyone in the insurance industry knows that the National Flood Insurance Program is on its deathbed, notwithstanding the recently passed extension, and many are prepared to step in. Insurers are ...
Building the Right Tech Culture
Technology, at the end of the day, is created by humans for humans. For that reason, one of a technology leader's top priorities should be to assemble the right team and create the right culture. If ...
Write Here, Right Now: How AI Can Amplify Your Business Results
Here's something we typically hear from frustrated underwriting managers:• "We bind around 12 percent of our submissions, but our underwriters review 100 percent of ...
Usage-Based Insurance Provides Strong Benefits to Insurers, But Consumer Adoption Remains Low
Usage-based insurance (UBI) availability continues to grow for auto insurance customers, but customer adoption rates remain sluggish. According to the J.D. Power 2018 U.S. Auto Insurance Study, 42 ...
‘Killer Apps’ and the Amazon Effect on Legacy Carriers
Once upon a time, in 1994, Amazon entered the commercial marketplace as an online bookstore. While Amazon was not the first company to offer this service, it was the first to offer to deliver any ...
Steering Clear of the Cedent Insolvency ‘Fatberg’
I started working in the London reinsurance market in 1978. Forty years' later, after a journey through various roles to running my own business today, I've seen many insurers and reinsurers come and ...Newhouse’s Leadership Lessons
Britt Newhouse, former chairman of Guy Carpenter, discussed some lessons in leadership from his career and his parents. He often recalls things his mother and father told him—truisms for both life ...
Former Guy Carpenter Chairman Newhouse Discusses His Career Changing Events
Everybody has career-changing events and life-changing events—and sometimes, as with the case of Britt Newhouse, events from those two worlds collide. Newhouse, the former chairman of reinsurance ...