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Today's Headlines December 5, 2022

The Inside Story: How QBE NA Is Digitally Transforming Its Underwriting Operations

QBE North America's commercial insurance business is poised to mark a major milestone in a digital transformation of its underwriting operations. The carrier's underwriters have been involved in a proof-of-concept for an underwriting platform from technology provider Federato, which is being customized to QBE NA's needs. The platform—a focal point of a business-led transformation at... read more
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Falling Short: Insurers Not Realizing Operations Modernization Plans

Modernizing insurance operations is top priority for nearly 90 percent of carriers recently surveyed but less than half have a fully developed strategy in place to make it happen. The survey of 298 insurance executives involved in a wide range of functions—including C-suite executives, IT, underwriting, pricing and analytics—was published by technology company Earnix last... read more
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 Brand Spotlight 
Prioritizing Compliance in Insurance Mergers and Acquisitions

While the pandemic cooled off mergers and acquisitions activity in the insurance market, all signs point to a hot M&A market in the next year. If you're in the position of evaluating (or being evaluated!) for an M&A fit, don't leave compliance controls out of ...read more
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MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above

Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and downstream energy risks. With exclusive Lloyd's and London-market sourced capacity, Pixel Re will provide facultative reinsurance for large multinational risks on an excess-of-loss basis with immediate... read more
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Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey

More than half of risk managers are significantly involved in their organization's environmental, social and governance (ESG) efforts, but 77 percent believe they should take an active or more active role in ESG strategy and initiatives, according to a survey of risk managers by WTW. Of the 312 risk managers who responded from companies around... read more
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Pa. Court Splits on Whether Coverage Owed for COVID Shutdown

A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all the difference in outcomes of the separate Superior Court opinions. It was the first time that a Pennsylvania appellate court had ruled on... read more
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Executives on the Move at The Hanover, Allstate, Sompo International, CAC Specialty

The Hanover Insurance Group has appointed Eric M. Schuler as president of management and executive liability, effective immediately. In this role, he will assume responsibility for the strategy and execution of The Hanover's management liability business, which offers highly specialized solutions for a broad range of private companies, nonprofit organizations and financial institutions. Schuler first... read more
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Research and Webinars

How Insurers Can Mitigate the Effects of Inflation

In today's turbulent market, forward-thinking insurers are turning to ...
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A New Approach to Enrollment & Account Opening

53% of P/C insurance application fraud is perpetrated by family members, ...
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Risk Does Not Stop After Enrollment

You may have a secure enrollment process, but risk is inherent at every stage ...
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Survey Results: If You're Not Purging Paper and Embracing Download, You’re Missing Out on Time and Money

Our industry is changing – and so is technology. Read the Ivans Connectivity ...
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How to Empower Your Organization with "Unified Identity"

Missing data. Duplicates. Departmental silos. Privacy laws. Vanishing cookies. ...
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Media

Hey Siri, What’s Next for AI and Robotics in Insurance?

InsurTech Newsletter


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