Underwriting & Pricing
Prediction vs. Reality: Cyber Risk in the COVID-19 World
Two months ago, as COVID-19 began to spread from its initial hotspots in China and Italy into the U.S., there was a great deal of speculation about how it might impact cybersecurity risk. ...
Global Warming Increasing Frequency of 100-Year Rainstorms: Risk Alerts
Global warming is intensifying rainstorms in North America. Rats are becoming more aggressive in their hunt for food due to pandemic lockdown measures. *** If the current rate of global warming ...
How Smart Technology Creates New Home Insurance Opportunities
While the average American home hasn't changed much on the outside, the devices and lifestyles inside have changed dramatically in the last 50 years. As transmitter radios were replaced with ...
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 ...