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| Today's Headlines | April 6, 2021 |
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It takes a one-two punch to make insurance fair. I've previously argued that AI can vanquish bias in insurance, and so it can. But while machine learning can help ensure equality, it cannot ensure equity. It might even make it worse. Equality Isn't Equity "Equality" and "equity" are often thought of as synonyms, but they... read more | | |
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If the National Association of Insurance Commissioners doesn't act this year to correct systemic racial bias in insurance ratemaking and other processes, Congress may pass anti-discrimination laws that apply to insurance, a consumer advocate said earlier this month. Birny Birnbaum, the director for the Center for Economic Justice, a consumer advocacy organization, made the prediction... read more | | |
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Competitive gaps aren't normally the result of just one issue. They are a matter of dozens of little challenges that all add up to tremendous competitive pressure. COVID-19 has exacerbated many of the challenges that have been driving Leaders, Followers and Laggards further apart. Once... read more | | |
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Carrier mergers and acquisitions could reach historic levels in 2021 based on early indications from a robust first quarter, according to a new Standard & Poor's report. read more | | |
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CNA Insurance expects its corporate email and other functions to be fully operational soon as it continues its recovery efforts following a March 21 cyber attack. In an April 1 security update, the company said it is now safe to conduct business and communicate with the insurer via email. read more | | |
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The global pandemic has triggered fundamental changes that present insurers with new challenges and opportunities. Insurers embracing technological advances in underwriting will have an edge in the post-pandemic era. The Limits of Traditional Underwriting In response to COVID-19, businesses are accelerating their modernizing efforts, rendering traditional underwriting methods out of date. The pandemic has set... read more | | |
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Property/casualty related InsurTech financings in the 2021 first quarter came together at a healthy clip, as startups focused on addressing needs in an insurance industry facing accelerated transformation due to COVID-19. read more | | |
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Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century. read more | | |
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Catastrophe bonds are being hailed as the next frontier for socially responsible investing. read more | | |
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| | " When it comes to insurance, small business owners want straightforward ... read more | |
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| | Sprinklers prevent costly property damage. Mitigate risk, educate customers, ... 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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| | Consumers don't take into account the fees that insurance companies have to pay ... read more | |
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