Underwriting & Pricing
Business Interrupted: Why Insurers Are on the Hook for COVID-19
If you own business Interruption insurance, and your business gets interrupted by COVID-19, the income you lose must be covered by your policy, right? Not exactly, as people across the country are ...
Insurance Comparison Firm SelectQuote Plans a $342M IPO
SelectQuote Inc said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the eponymous insurance policy comparison website at more than $3 ...
Why Current Cyber Risk Management Techniques Are Inadequate
Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains ...
Supporting Underwriting, Claims Decisions With the Science of Behavioral Economics
Successful insurance product administration requires consistent, accurate decisions from the evaluation of submissions at underwriting to the adjudication of claims. Effective decision operations are ...
Estimating Climate Change Risk: Do Scientists Need a New Approach?
It has become increasingly common for the general media to say that weather-related disasters have been caused by climate change. Such headlines have largely been frowned upon by the scientific ...
Progressive Endures Significant Q1 Coronavirus Impact
The Progressive Corp. said its results for the first quarter were "significantly impacted" by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30 ...
Industry Needs to Reinvent Itself to Stay Relevant: McKinsey
The insurance industry has proven its resilience in recent years, weathering billion-dollar natural catastrophe events, increased cyber risk and now a pandemic, but this resilience will be tested ...
8 Things That Will Never Be the Same in Insurance After COVID-19
More than any human, COVID-19 is driving a digital transformation of the insurance industry. Everything about the way the industry has traditionally worked is under challenge due to the quarantine, ...