Features
Future Workers Compensation Profitability Faces Obstacles
Workers compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in ...
CROs in Place at Less Than 40% of Insurers: A.M. Best Survey
While more than 40 percent of insurers leave risk officer responsibilities to their chief executive officers or chief financial officers, just under 40 percent have a designated chief risk officer, ...
Good RM Is Just Good Business, Says Steel, Former CRO of AXIS Capital
Companies originally created the role of the chief risk officer because they "recognized that good risk management is really good business," according to Michael Steel, former CRO at AXIS Capital. ...
Artificial Intelligence in Personal Insurance: ChatBot Agents, RPA ‘No Shoring’ AdminBots and More
The impact of artificial intelligence (AI) in personal insurance is twofold. On the one hand, rapid advances that incorporate a number of AI aspects are occurring in partially autonomous and fully ...
How ‘Prosumers’ and More Can Help Insurers Embrace the Digital World
Major shifts in technology and the way we do business are bringing fresh pressures to bear across the business world. Consumer expectations are shifting. Everyone has to raise their digital game or ...
Sciemus’ Move Into Specialty Underwriting: A Case of ‘Adapt and Thrive’
It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing ...
Commentary: Insurance Industry’s Chief Spokesperson Headed to the Halls of Academia
Whenever disaster strikes in the United States—be it economic, man-made or delivered by Mother Nature—the global media often contacts Robert P. Hartwig, the president of the New York-based ...
It’s Pokémon Go Time for Insurers
Whether they're getting stuck in trees, sinking into the mud or wandering into traffic, distracted players of Pokémon Go have been getting into all kinds of trouble this summer. But what do their ...