Underwriting & Pricing
Milliman’s Pixel Gives Insurers Custom View of Competition’s Impact
Consulting and actuarial firm Milliman announced the availability a competitive intelligence tool for insurance companies last week called Pixel. According to Milliman, Pixel is a web-based, ...
Hiscox Extends Crime Protection to Financial Institutions
Specialist insurer Hiscox has announced enhancements to its crime and fidelity platform with the addition of financial institution bond coverage. The new coverage protects financial services ...
Insurance Price Optimization: Lawyer’s Perspective
A major controversy is growing in the world of insurance regulation over price optimization. Regulators are becoming increasingly aggressive on the issue. Maryland, California, Ohio and New York have ...
Berkshire Hathaway Specialty Launches Crime Protection With Impersonation Endorsement in Canada
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of a new crime protection policy and executive impersonation coverage endorsement for large public and private companies in ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
Cloud Benefits: Understanding Terms
For carriers just getting started with cloud computing, terms like "lift and shift," "cloud native" and "cloud bursting" may be unfamiliar. Below, we define some common terms. Lift and shift is the ...
Are Insurance Carriers Ready to Jump Up Into the Cloud?
In increasing numbers, enterprises around the globe are adding public clouds to their technology portfolios. According to Forrester, adoption of public clouds by all types of business enterprises ...
Price Optimization or Price Discrimination? Regulators Weigh In
Insurers' growing use of predictive data analytics is predicated on enhancing operational efficiency, improving decision-making and offering more detailed pricing of products. It's that last practice ...