Features
Commercial Auto: Profitability Issues Remain, But There’s Light at the End of Tunnel
Despite insurers' best efforts to increase rates to compensate for losses, commercial auto continues to be an unprofitable line. In less than a decade, despite continued increases in premiums, two ...
Marine Insurance’s Risk Rating Revolution: Why Insurers Cannot Afford To Be Left Behind
According to container logistics company Maersk "everything that can be digitized will be digitized,"and there is no doubt that the world of shipping is currently undergoing a digital revolution. ...
What Insurers Can Learn About Customer Success From SaaS Models, Netflix and Amazon
No one purchases insurance from a carrier because he wants to. It doesn't taste good, drive fast, make you thin, keep you warm or save time. Nevertheless, many of the hardworking individuals who are ...
Legacy Insurance Systems Are Shaking Under Weight of Innovation
Garbage in, garbage out. It's a phrase as old as computing, attributed to an Army specialist in an era when the cutting edge of processing was 16 bits on a device the size of a commercial ...
NAIC Alert Forcing Insurance Companies to Rethink Cash Strategy
Diversification just became a little more difficult for insurance companies thanks to a correction of an unintentional error on the part of the National Association of Insurance Commissioners (NAIC). ...
A Deep Dive Into Willis Re’s Cyber Modeling Tools
Willis Re's proprietary PRISM-Re cyber modeling tool considers catastrophic as well as attritional losses to portfolios of risk. It employs a two-part framework for analysis of cyber threats. The ...
Cyber Catastrophe Modeling: Challenges of an Inexact Science
Insurers, their regulators and ratings agencies are increasingly aware of the potential for a catastrophic cyber loss. The aggregation of cyber risk assumed under policies providing affirmative or ...
New World of Digital Recruiting: Chatbots, Videos and Social Media
Long gone are the days when employees printed their resumes and cover letters on fancy paper, worried about choosing the proper font, and put both documents in the mail. The idea of employers ...