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| Today's Headlines | March 18, 2021 |
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Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program administrators and other underwriting agencies. These specialized distribution partners have not only grown in number, but they also have grown in their importance to the insurance... read more | | |
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The pandemic has brought about a lot of change in every industry, but perhaps the most noteworthy trend for property/casualty insurance companies to consider is the renewed emphasis on trust. A 2020 Edelman study (Edelman Trust Barometer Special Report: "Brands Amidst Crisis") revealed that 88 percent of consumers consider trust a significant factor in their... read more | | |
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Telematics — specifically usage-based insurance rates (UBI), or "pay-as-you-drive" — has proven to be a game-changer in the auto insurance industry. In a May 2020 customer sentiment survey, J.D. Power found that 40% of drivers were contemplating UBI due to the potential cost savings. In a ... read more | | |
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Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that some hard market pricing will stabilize or diminish this year. Explaining how the industry loss reserve position reversed from Assured Research's year-end 2019 estimate of a $5 billion... read more | | |
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Next Insurance is turning to Amazon business to boost the reach of its small commercial insurance policies. read more | | |
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A liability insurance carrier that excluded any violation of telecommunications laws from coverage had no duty to defend a loan servicer from a class-action lawsuit that accused it of making harassing robocalls to more than 1 million cell phones. read more | | |
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Italy's top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on Wednesday, confirming a press report. read more | | |
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Hippo said it has formed two new partnerships that will deploy automation to boost speed and processing of its back-end customer claims services. AXIS Insurance said it formed a strategic partnership with cybersecurity company Elpha Secure to focus on mitigating the risk of common cyber threats. read more | | |
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Travel is making a comeback—and so is the travel insurance industry. In fact, the number of travel insurance policies sold for future trips has hit its highest level since March 2020, according to travel insurance comparison site InsureMyTrip. "Travel insurance is now top-of-mind for travelers," Cheryl Golden, vice president of ecommerce for InsureMyTrip, said in... read more | | |
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| | Name and address are all you would need when an applicant comes to you for ... read more | |
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| | Sprinklers prevent costly property damage. Mitigate risk, educate customers, ... read more | |
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| | Digital innovation is reshaping payments in the insurance industry. ... read more | |
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| | Is your insurance organization prepared to meet the heighted expectations of ... read more | |
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| | Many of us made big changes to the way we work this year. Whether your team is ... read more | |
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