Underwriting & Pricing
Is the IoT the Future of Workers Comp?
Internet of Things capabilities, already familiar to insurers from personal lines applications like auto telematics, are emerging in the workers compensation space through purpose-built monitoring ...
Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data
While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...
Commercial Insurance Ratings for Small Business: Challenge or Opportunity?
The growing gig economy, where nearly one-third of workers in the U.S. are now employed by small to medium businesses, is making it difficult for commercial insurance carriers to accurately assess ...
Executive View: Why Insurers Need to Partner With Customers, Tech Startups
As smart carriers continue to leverage cognitive and digital computing technologies to better understand, mitigate and absorb customers' property and casualty risks, the insurance industry is primed ...
Even With $1 Trillion in Climate Risks, Companies See Greater Benefits
An analysis of thousands of corporate disclosures on climate-change risks suggests that companies stand to gain more than they lose, mostly within the next five years. Some $2.1 trillion worth of ...
Allianz Grabs Two U.K. Insurance Businesses for $1 Billion Price Tag
Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The ...
How to Make It Personal: Online Sales in Insurance
Insurers are realizing the increasing need for a more impactful and tailored approach to their online sales process. A brochure-website doesn't cut it anymore, as customers are expecting to encounter ...
‘Underwriting by Google’ Leads to Wrong Answers on Autism Drivers
A chief underwriting officer of one of the largest P/C insurers once said to us, "I don't know what the next asbestos will be, but it will be whatever causes autism." The rate of autism spectrum ...