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| | | | | | | Are your property valuations up-to-date? | | | | Inflation is rising, supply chains are unsteady, and reconstruction costs are up. Monthly pricing updates with 360Value® can help you maintain insurance-to-value. | | | | | | | | Verisk | | |
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| Today's Headlines | April 6, 2022 |
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Big tech companies with relevant consumer data have been eyeing the insurance industry for the past few years and looking at how they can use their insights into customer behavior to reinvent the sector and undercut carriers on prices. Understandably, incumbent carrier leaders are concerned about the threat of disruption via commoditization. But here's a... read more | | |
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The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. The flooding brought widespread damage to regions of New South Wales and Queensland from late February into March 2022. The Insurance Council of Australia... read more | | |
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The future of DIY home security has arrived. With remote work on the rise and new products hitting the smart home technology market, smart devices for DIY home monitoring are seeing a striking new level of demand. According to 2021 research from Parks Associates, self-installation ... read more | | |
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A solar storm will sweep across the Earth Wednesday night, raising prospects of dazzling Northern Lights visible as far south as Chicago while prompting airlines and electric-grid operators to step up monitoring of the potentially damaging geomagnetic activity. Solar eruptions—called coronal mass ejections—burst from the sun in two waves Monday and are building up enough... read more | | |
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Gradient AI, an enterprise software provider of artificial intelligence services in the insurance industry, announced that it has partnered with Socotra, the modern core platform provider for insurers and InsurTech managing general agencies. Providing open APIs and core functionality, Socotra enables insurers to build and launch insurance products. Through this partnership, Gradient AI will integrate... read more | | |
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With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 million of capital, the venture—Fontana Holdings L.P.—targets institutional investors, who contributed $325 million. RenRe provided the remaining capital. In conjunction with the launch, Fontana has assumed... read more | | |
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Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has appointed Vanessa Maxwell as the new global head of Financial Lines. She joins from Berkshire Hathaway Specialty Insurance (BHSI), where she currently oversees the UK franchise as a country manager. Maxwell will succeed—and also subsequently report to—Shanil Williams, who was... read more | | |
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Verisk has formed an advisory council to help organizations better understand the impacts of climate change and inform their resilience and sustainability efforts. The Verisk Climate Advisory Council will provide strategic guidance and feedback on climate change solutions Verisk is developing, such as the climate conditioning of the company's extreme event models, and present research... read more | | |
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Recently I was reading an article from the University of Pennsylvania Law Review entitled, "The Illusory Coverage Doctrine: A Critical Review." According to the article, the Illusory Coverage Doctrine "is a doctrine of insurance contract enforceability, as opposed to interpretation, that serves to protect policyholders from procedurally unconscionable exclusions that almost completely wipe out the... read more | | |
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| | According to Harvard Business Review, low-quality data costs U.S. businesses ... read more | |
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| | Evolve from "good enough" to actionable data to empower your underwriting. Stop ... read more | |
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| | Today, there are four major forces that are putting pressure on the property ... read more | |
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| | This must-read white paper illuminates the role technology plays in solving two ... read more | |
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| | A 2020 U.S. P&C insurance performance analysis performed by EY showed that ... read more | |
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