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| | | | | | | Small Commercial, No Questions Asked | | | | The road to profitability in small commercial begins with effective underwriting guidelines, and it's paved with automation and integration of high-quality data. | | | | | | | | Verisk | | |
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| Today's Headlines | January 20, 2021 |
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The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John Neal, who said (in a virtual discussion hosted by The ReInsurer), that the pandemic had highlighted businesses' need for NDBI cover and that both Lloyd's... read more | | |
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AXIS Capital Holdings Ltd. reported approximately $200 million in preliminary fourth quarter catastrophe losses, more than half of which stem from the COVID-19 pandemic. read more | | |
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Smart IoT (Internet of Things) devices, which have the ability to help people manage everything from switching on their lights to monitoring their home for water leaks, are predicted to change the face of the P&C insurance industry. Technology’s capacity to connect, measure and monitor ... read more | | |
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Chubb announced on Friday that Philip Bancroft, executive vice president of Chubb Group and chief financial officer, plans to retire from the company on July 1 after 19 years of service. Peter Enns, an investment bank who was most recently the Global Co-Head of Investment Banking Coverage in Hong Kong for HSBC, will join Chubb... read more | | |
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AM Best announced that its would not change the "A-" financial strength ratings of the members of Hallmark Insurance Group nor the "bbb-" long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced the CEO is resigning. An 8-K filing with the Securities and Exchange Commission revealed that Naveen Anand submitted his resignation... read more | | |
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Late last week, Chad Nitschke, chief executive officer of InsurTech Bunker, a contract-related insurance marketplace he co-founded in 2016, announced that he is passing the CEO reins to Jordan Simkin. "I'm a firm believer in 're-potting the plant'..., injecting new perspectives and creating room for growth. Over the past year, [Simkin has] not only been... read more | | |
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Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. The U.S. State Department this month told companies which it suspects are helping to build the pipeline... read more | | |
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Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. read more | | |
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Hamilton Insurance Group hired an executive to fill a new position focused on expanding its U.S. Specialty insurance business reach. Great American promoted an executive within its bond division. read more | | |
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Insurers, policyholders and industry observers have issued comments on the UK Supreme Court's ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers—Hiscox, RSA, QBE, Argenta, Arch and MS Amlin—determining that "many thousands of policyholders will now have their claims... read more | | |
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| | It has never been more evident that traditional paradigms no longer serve the ... read more | |
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| | Now more than ever, insurance carriers are interested in using data science to ... read more | |
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| | Progressive, Esurance and Lemonade have successfully adopted data-centric ... read more | |
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| | For the Insurance industry, digital transformation has shifted from the 3 - 5 ... read more | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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