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Q&A: Why Carrier Product Technology is an Indicator of Organizational Culture, Priorities
The perception that the insurance industry does not embrace or utilize technology as efficiently as it could is simply not true, says Craig Beattie, senior analyst for UK-based research company ...
Lessons from Hurricane Sandy, a Year Later: Howard Mills Looks Back
The one-year anniversary of Hurricane Sandy may mark an appropriate time to review how the insurance industry reacted to this disaster and the lessons we can draw from that. As a former insurance ...
Flooding and Flood Models Explained: Karen Clark Reviews the Basics
There are multiple types of flooding that can cause significant property damage and losses to insurance companies.. One is the flooding associated with storm surge from hurricanes. Hurricanes can ...
Usage-Based Products On Way to Being Standard Auto Insurance Offering
Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise ...
Price Optimization: A Dangerous Method?
Last year, right around Halloween, I started noticing some odd goings on at the professional association for actuaries, the Casualty Actuarial Society (CAS). As a Fellow in the CAS, I was receiving ...
Recruiting and Retention in the New Economy
We made it! We survived the economic instability of the past few years and have more than rebounded. The insurance industry is well ahead of the greater economy; and the picture painted by our labor ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
Top-Ranked Carriers Build Agent Satisfaction Into Culture: Consultant
Property/casualty insurance carriers that make their agents happiest—landing themselves repeatedly on top-10 rankings in agent surveys—are those that build the goal of doing so into their ...