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Today's Headlines February 2, 2022

Gamified Underwriting: How Hiscox Is Training With an 'Underwriter Simulator'

Many business sectors are grappling with growth targets and the need to get the most out of highly skilled employees, and this is especially the case in sectors like financial services, where the knowledge bar is high and the unemployment rate is relatively low. This was certainly the challenge faced by diversified international insurance provider... read more
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AM Best Answers Questions as DUAE, MGA Assessments Go Live

It is not a credit rating. It will not impact an insurer's financial strength rating. Those were two of the answers that AM Best analysts delivered yesterday in various presentations about the rating agency's new performance assessment for delegated underwriting authority enterprises. The PAs for DUAEs, including U.S. managing general agencies and Lloyd's coverholders, are... read more
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 Brand Spotlight 
The Power of Smart Home Tech for Risk Management

Smart technology is becoming increasingly crucial for reducing insurance losses for Property and Casualty (P&C) carriers. New smart home technology, such as internet-connected security systems, smoke detectors and sensors, can alert homeowners when there's a potential issue and provide vital data and new revenue streams ...read more
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Greenlight Re Innovations Gets Approval to Launch Lloyd's Syndicate

Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received "in-principle" approval from Lloyd's to establish an InsurTech-focused syndicate. Syndicate 3456, which will commence operations in the second quarter of 2022, will be established under Lloyd's innovative "syndicate-in-a-box" (SIAB) model. It will be managed by Asta, the leading third-party managing agent... read more
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Triple-I Partners With HBCU IMPACT to Recruit Black Talent Into Industry

The Insurance Information Institute (Triple-I) and the HBCU IMPACT Initiative have partnered for a career-building campaign aimed at recruiting students at historically Black colleges and universities (HBCUs) to the insurance industry. The campaign takes advantage of the fact that February is both Black History Month and Insurance Careers Month. To kick off the campaign, Triple-I-produced... read more
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U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells

The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and safety in nearby communities. The money represents a portion of the $4.7 billion for well cleanup that... read more
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Executives on the Move at Munich Re US, Brit, GuideOne, NIA

Maura Haynes has been appointed head of Casualty at Munich Re US. She is now part of the Reinsurance Division's Executive Leadership Team reporting to Marcus Winter. Haynes joins Munich Re from SCOR, where she most recently served as team leader of U.S. Casualty. She has more than 20 years of underwriting experience in the... read more
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Metromile Receives Stockholder Approval of Merger With Lemonade

Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement entered into with Lemonade Inc. to acquire Metromile in an all-stock transaction. The announcement was made at Metromile's special meeting of stockholders. The merger proposal was supported by at least 95.9 percent of the... read more
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Duck Creek Invites Entries to First Ecosystem 'Hatch-a-thon'

Duck Creek Technologies is calling for partners and customers to enter the company's first ecosystem hack-a-thon, aptly named "Duck Creek Hatch-a-thon." The event will occur during the company's user conference, scheduled in Orlando, Fla., March 6-8, 2022. Designed as a 36-hour innovation marathon, Duck Creek is bringing together its developer community to upskill, build amazing... read more
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Managing Your Team: 5 Tips to Help Employees Flourish

Managing too much can make your team feel untrusted, hinder their growth and cause them to disengage. Managing too little can leave them floundering, unsure of what's expected of them, and could make them feel like they don't matter to you or the company. How can you find the middle ground? Among the expert advice... read more
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Research and Webinars

Explore a new model that has reduced cost of cyber insurance claims

This paper will review the current model of incident response for ransomware ...
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The biggest post-pandemic risks for P&C insurance carriers

The home improvement boom was an unexpected risk for the P&C insurance ...
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Digital Payment Experience in Insurance: Transforming Customer Interactions and Payment Options

Strategy Meets Action (SMA) offers insurers insights on advancements in premium ...
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E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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Media

Soaring Surplus Lines Premiums By State

InsurTech Newsletter


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