External Perspective
Time to Go Virtual? Optimizing Property Inspection Programs With Digital Imagery
Before underwriting a new policy or renewing existing policies, carriers want to understand the risk associated with the property. Has the property been properly maintained or are there significant ...
Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?
The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good reasons for the hesitation. Until recently, antiquated, prescriptive requirements ...
News from Around the Web: Is STEM Overrated?
We need more young people to graduate with science, technology, engineering and mathematics degrees. Countless articles have been written about ways to fill the STEM gap on this website and others. ...
Actuaries, Data Scientists at Odds: Novarica
With roughly one-in-three insurance companies expanding or piloting data science units in 2016, they may be facing an unanticipated problem—friction between their actuaries and data scientists, ...
Breaking the Cycle of Reduced Profitability
The property/casualty insurance industry is wrestling with a troubling paradox: how to cut costs without compromising quality. The U.S. P/C Composite rate was down 4 percent in December 2015, ...
Seven Big Ideas for Insurers Still on the Fence About the Promise of Digitalization
In an age when a handheld device can conjure up almost any product or service known to humanity, some would argue that the brick-and-mortar model of traditional, relationship-based insurance has had ...
The Disconnect Between Underwriting and Claims Handling: A Policyholder Perspective
I represent policyholders in coverage disputes with their insurers. I have been doing this for more than 30 years. I have handled asbestos, environmental, property loss, directors and officers, ...
Graphic Insight from PwC CEO Study: How Insurers Will Attract Talent
While job cuts at a handful of insurance companies shrank the U.S. insurance carrier workforce by about 600 jobs last year, for the most part, property/casualty insurers are looking to increase or ...