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Today's Headlines October 9, 2020

The Big Picture: How COVID Should Change the Industry

Responding to a Carrier Management call for executive viewpoints, industry leaders told us how the pandemic has changed them. In addition, they shared ideas about how the industry should plan for the future. Scott Gunter, CEO, AXA XL: Insurance plays a pivotal role in society's resilience. We've helped our clients adjust their operations so that... read more
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Not Magic, But Design Thinking Works

There is so much talk about the need for the insurance industry to innovate. More and more emphasis is being put on innovation. Heck, even AM Best has decided that it needs to assess innovation as a part of its evaluation protocol. I won't offer my reactions to AM Best's decision to pursue an innovation... read more
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Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS

The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the pandemic, according to a new report Covid-19 – Changing Claims Patterns from Allianz Global Corporate &... read more
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Western U.S. Wildfires Will Leave Insurers With a 'Multi-Billion-Dollar' Bill: Aon

Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. read more
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Exiting Insurers, Premium Hikes Pummel Canada's Wounded Hospitality Business

Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector's risks. read more
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London Company Market Premium Jumped 10 Percent in 2019

Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. read more
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Waymo Driverless Taxi Service Relaunching, Expanding in Phoenix

Waymo on Thursday will relaunch and expand its fully automated, robo-taxi ride hailing service in Phoenix, rebooting its effort to transform years of autonomous vehicle research into a revenue-producing business. read more
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Forecast Suggests La Niña Through Winter Is Highly Probable

A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. read more
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ACORD is excited to announce two virtual events for our members this October
Research and Webinars

The FNOL Quality Audit: How Well is Your Team Performing in This High-Stakes Point of Contact?

The First Notice of Loss experience sets the tone for the entire claim ...
read more

Key Insights from 2020 Auto Insurance Consumer Shopping Study

Boost retention by reaching out at the right time with the right message. Auto ...
read more

What Do Hippo, Hartford Steam Boiler and Comcast Have to Say about IoT and Smart Homes?

Given today's environment, how has the value proposition and adoption of smart ...
read more

Addressing the adoption challenge: a new approach to Auto-FNOL

Automated FNOL tools enables insurers to know about accidents in real-time, yet ...
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Securing Faster Payments: Addressing the Account Validation Rule

Are you prepared for March 19, 2021? On that date, Nacha's ACH Account ...
read more
Media

CEO of McKenzie Intelligence Discusses the Secrets to Successful InsurTechs

InsurTech Newsletter


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