Critical Information for P/C Carrier Executives
Carrier Management Critical Information for P/C Carrier Executives
Today's Headlines November 12, 2019

Happy Together: Yesteryear's InsurTech Disrupters Are Today's Broker Partners

A decade ago, startup InsurTech firms startled both insurance carriers and brokers with an expanding array of innovative tools leveraging emerging digital technologies. For brokers, the firms' ingenuity and agility in providing client services more efficiently and cost-effectively were perceived as a competitive threat. This danger appears to have eased, given the increasing volume of... read more
image

How to Outperform Competitors: McKinsey Reveals Strategies of Top-Tier Profit Makers

Most insurance companies aren't bold enough in their strategies to boost profits, according to a recent report from McKinsey & Company, which also says that industry CEOs must lead the way to successful transformations that generate profits. Purposeful, bold moves include shifting resources between businesses, boosting underwriting margins, improving productivity, and pursuing "thematic and programmatic"... read more
image

Key Allianz Insurance Unit Slumps, but PIMCO Arm Excels

Allianz SE, the German insurer that owns bond manager Pacific Investment Management Co., relied on inflows at the asset management unit to offset lower earnings at its property and casualty business. read more
image

Typhoon Hagibis Could Be One of 2019's Costliest Catastrophe Events: Aon

Typhoon Hagibis is likely to become one of 2019's costliest events, with economic costs of more than $10 billion and insured losses minimally in the billions, according to Aon's monthly catastrophe report. read more
image

Insurance Distribution Platform Cover Genius Plans Expansion With $10M Financing

Cover Genius, an InsurTech centered around an insurance distribution platform, has raised $10 million in new financing designed to fuel hiring and further global growth. read more
image

Neptune Flood's Albert: InsurTech Enables Cheaper and More Efficient Flood Coverage

While few carriers are in the flood insurance market, Neptune Flood Insurance sees opportunity. Most of the market is covered by the National Flood Insurance Program, but founder and CEO Jim Albert said he saw a serious coverage gap that a nimble startup could help fill. "I saw a huge gap in the market, where... read more
image

FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021

The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases rates on a more accurate assessment of the real flood threat for each home and reflects the cost of rebuilding. The new methodology, called Risk Rating 2.0, had been set for an October 2020 launch... read more
image

James River Dropped Uber Due to Coverage Risks, Particularly in Florida

A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account. read more
image
Sponsored Links
How to make productivity struggles a thing of the past? Your resource guide by Vertafore.
Simple Not Easy: 3 Fundamentals of Insurance Data-Driven Marketing
International Loss: 5 Key Requirements Your Claims Adjuster Needs to Know
Increasing Post-Claim Customer Retention through Influencing Perceptions of Fairness
Through the Eyes of Senior Leaders: Get this Study on Marketing Transformation for Insurance
Media

Insurers Are Closely Following Two Cannabis Issues in Congress

InsurTech Newsletter


Copyright © 2019 Wells Media Group, Inc., All rights reserved.

Carrier Management
3570 Camino del Rio N
Suite 200
San Diego, CA 92108
Toll Free: (800) 897-9965
Send Us Your Feedback:
feedback@carriermanagement.com

For information about advertising on this newsletter, CarrierManagement.com or the print magazine, contact Ashley at (800) 897-9965 x125. View our Media Kit for advertising options in our magazines and online properties.