Industry News
Lessons From the 2017 Atlantic Hurricane Season: Open Models, Real-Time Tracking Are Valuable Tools
Open models and tools to track hurricanes in real time can help boost modeling accuracy and aid the claims process after storms, according to a new Karen Clark & Co. analysis of the 2017 Atlantic ...
Carriers’ Slow Adoption of Digital Tech Hampers Agents’ Push to Do the Same
Insurance carriers' slow pace in adopting digital technology is hampering agents' push to do the same, according to a new industry survey from the Insurance Digital Revolution Initiative. The IDR ...
MAPFRE To Exit NY, NJ Markets; Strikes Deals With Plymouth Rock
MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE's previously announced strategy to ...
South Africa’s Liberty Holdings Says No Evidence of Insurance Customers Losses After Cyber Attack
South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have seized data from the firm and demanded payment. Liberty, in ...
Insurers May Not See Revenue Plunge With Driverless Car Advance
It turns out robots need insurance too. As driverless vehicles reduce car ownership in coming years, insurers may not face the Armageddon that had been predicted, new research shows. "We do not ...
Q1 Loss Ratios Unsustainably High for InsurTech Carriers Root and Metromile
Considering differences in "share of voice" commanded by InsurTechs Lemonade and Root, a surprise of first-quarter 2018 is the fact that the Columbus, Ohio-based Root has squeezed past Lemonade in ...
Hands Still Tied at Lemonade, CEO Says
When two InsurTech watchers tallied up underwriting results for Lemonade recently to conclude that the company's annual "Giveback" to policyholders' selected charities might shrink in coming years, ...
Bigger and Redder: A Look at Q1 ’18 for Lemonade, Other InsurTech Carriers
The three independent U.S. InsurTech startups whose 2017 full-year results we profiled in April continue to grow rapidly in early 2018. But so far that has meant more red ink. Results that are bigger ...