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AI Insurance: Who Is Insuring the Algorithms?
There are some algorithms in life that, even with the very best marketing, don't really matter too much. For example, if Netflix's recommendation algorithm points me toward the first episode of a ...
The Challenges of Leading an InsurTech; What’s Next for RiskGenius?
Chris Cheatham believes forming partnerships with QBE and Guy Carpenter were the two biggest milestones in the history of his company, RiskGenius, so far. But was there ever a time when he thought it ...
‘Well Done Is Better Than Well Said’: Retiring CEO Reflects
Next year I will be retiring from the National Association of Mutual Insurance Companies, an organization founded to advance the cause of member companies and their policyholders. It's been my work ...
Lemonade Aftertaste: Will Reinsurers Keep Covering Unprofitable InsurTechs?
The IPO of Lemonade in July highlights the value of leveraging ample reinsurance to move from startup phase to a public company, which the online provider of renters insurance pulled off in a scant ...
How Insurers Can Build Trust Through Customer Advocacy
For the average insurance consumer, the arithmetic is hard to ignore: The less insurers pay in claims, the more money they make. Thus is planted the seed of a doubt that so many policyholders seem to ...
How to Acquire and Retain the Right Insurance Customers in a Post COVID-19 World
The impact of the COVID-19 outbreak has been devastating for the global economy, and with many countries in extended lockdown, there has been a seismic shift in customer behavior and business ...
Price Casualty Like a Short-Tail Line: Swiss Re Exec
With low investment yields becoming a fact of life of insurers and reinsurers, breakeven combined ratios for casualty business won't cut it anymore, a reinsurance executive said recently. Jonathan ...
Stop Nuclear Verdicts: Hire Plaintiff Lawyers
Why have nuclear verdicts skyrocketed in the last 10 years? Did the law change? Did Congress pass a sweeping bill in favor of plaintiffs that mandates they must recover tens of millions of dollars in ...