Critical Information for P/C Carrier Executives
Carrier Management Critical Information for P/C Carrier Executives
Today's Headlines March 31, 2020

Managing Remote Workers

Don't look now, but the trend toward working remotely has just found solid footing in the form of a global pandemic. Companies around the world have been forced to conduct business in new ways since the COVID-19 pandemic took hold in March 2020. Employees were sent home in droves—many of them expected to work from... read more

Lloyd's Underwriters Say Hello to Working at Home

Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus lockdown, they have abandoned the normal tools of their trade and are turning to email and other electronic systems to agree terms with the brokers who put business their way. read more

A Longer Coronavirus Crisis Will Create Greater Underwriting Loss Uncertainty: Fitch

North American property/casualty insurers will likely face increasing coronavirus-related financial challenges as the pandemic crisis drags on, Fitch Ratings said in a new report. read more

QBE Withdraws 2020 Financial Targets Over COVID-19 Uncertainty

QBE, in a potential harbinger of things to come from other carriers, has withdrawn its 2020 financial targets due to COVID-19 uncertainty. read more

From Free Coverage to Masks, P/C Insurers Try to Alleviate Coronavirus Pressures

While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual insurers are finding small ways to assist the businesses and families being hurt by the coronavirus shutdowns. read more

Ageas Goes AI for Claims Process Via Tractable Partnership

UK insurer Ageas will start using artificial intelligence to create end-to-end assessments and estimates of vehicle damage during a claims process. read more

Executives On The Move at Root and Allianz

A former Facebook executive joined digital auto insurer Root as its first Chief People Officer. Allianz's Australian operations hired a new chief risk officer. read more

Women's History Month: Honoring Women in the Insurance Industry

When Barbara Bufkin started in the insurance industry nearly four decades ago, she didn't think about women's roles. She started her career as a commercial underwriter, then a casualty facultative underwriter to a reinsurance intermediary. In fact, in the first five years of her career she had four job changes—unheard of at that time. "When... read more
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