Underwriting & Pricing
What Gets in the Way of P/C Innovation?
The path to innovation isn't always clear, according to executives in the property/casualty insurance industry. Carrier Management reached out to industry leaders recently, asking questions about ...
Understanding the Human Element: Three Challenges
Data and models are not all that it takes to fuel innovation—or even just to make good underwriting decisions, noted Berto Sciolla. When asked how Gen Re encourages innovation, Sciolla makes ...
Where BIG Ideas Happen at Progressive: The Garage
The idea of capturing information about driving behavior on a mobile app is just one of 27 potential innovations that IT "mechanics" have worked on inside Progressive's Business Innovation Garage, a ...
Willingness to Fail: P/C Leaders Discuss Innovation Lessons
Failing to innovate is not an option in the property/casualty insurance industry anymore, according to leaders who say that a tolerance for ill-timed or less-than-perfect product launches is better ...
Progressive’s Pratt on Innovation
This article is part of our insurance innovators interview series. Dave Pratt, General Manager, Usage-Based Insurance, Progressive Q1: In your view, what has been the greatest innovation in the P/C ...
XL Catlin’s Hendrick on Innovation
This article is part of our insurance innovators interview series. Greg Hendrick, EVP and Chief Executive, Reinsurance at XL Catlin Q1: In your view, what has been the greatest innovation in the P/C ...
Inside the Minds of Insurance Innovators
Executives of property/casualty insurance companies are not always eager to share their ideas. Words ranging from "proprietary" to "secret sauce" are usually spoken as their representatives politely ...
Encouraging Innovation at P/C Companies
Strategy games, an Innovation Garage, an analysis of the human brain and just plain "safe environments" in which to cultivate new ideas—those are some of the ways property/casualty insurance ...