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Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
4 Tips for Carriers to Leverage Open-Source Data for Improved Claims Management
It's no secret that fraudulent claims are an ongoing issue within the insurance industry. The FBI estimates the total cost of insurance fraud (non-health insurance) to be $40 billion per year. For ...
Understanding the Role of Data Scientists in Risk Modeling
Risk models are an increasingly critical component to the modern insurance carrier. They are relied upon for all phases of insurance, from marketing and sales to pricing, claims, and operations. ...
How a Fintech Named Captain Helps Homeowners Rebuild After Natural Disasters
When former accountant and roofing contractor Demetrius Gray talks about his personal journey to become founder of a fintech with ties to the insurance industry, he doesn't dwell on the challenges ...
The Next Wave of Climate Change Litigation: Industrial Meat
Many insurers think they have climate casualty risk managed by virtue of avoiding writing the oil and gas industry or with limitations on their policies. Climate casualty risk is broader than this ...
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn't the first time in ...
How to Move Past ‘Analysis Paralysis’: 5 Steps for Leaders
As an executive and leader of a property/casualty insurance carrier, you are responsible for making consequential decisions that impact policyholders, employees, credit ratings, regulators, investors ...
In Vogue: Platforms Are Having a Moment
Platforms are having a moment. Should insurance companies care? Increasingly more firms from different industries say that they offer platforms. The technology firms your insurance carrier or agency ...