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Today's Headlines July 6, 2021

How Humility Can Fuel Successful Insurance Innovation

Having studied dozens of legacy and startup insurers to see how the insurance industry can innovate and evolve, I have seen many different technologies, solutions, strategies and tactics be employed. Often, I'm asked if there are things specific to incumbents or to startups that the other lacks that shed light on who will win out... read more
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High-Fives, Hugs and Face-to-Face Networking at GIS 2021

It's not a typical experience to find joy at a work conference. At least, that was the case before COVID-19. But after 15 months of social distancing, masks, quarantines and then vaccines, the 2021 Global Insurance Symposium in Des Moines felt joyful. read more
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 Brand Spotlight 
How IoT Sensors Can Lower Insurance Claims and Improve Carrier Loss Ratios

Smart home sensor devices help insurance carriers not just lower claims but prevent them from occurring in the first place. So, is it worth offering homeowners, renters, and small businesses a premium discount to stimulate adoption? For forward-thinking carriers, the answer is a resounding yes...read more
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Six Tech Levers Driving Digital Transformation in the New Normal

With new variants of the virus emerging, it may seem a bit premature to anticipate the end of the COVID-19 pandemic, but many organizations are accelerating digital transformation initiatives that will drive business forward in its wake. In the insurance sector, COVID-19 has been a wake-up call for the industry's many digital laggards. But as... read more
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Coronavirus Positive: Pandemic Led to Greater Societal Understanding of Systemic Risks

As horrible as the coronavirus pandemic has been, it has led to greater societal understanding of systemic risks, and that's a good thing, a Lloyd's of London executive asserted recently. read more
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Judge Questions Whether $48M in Coverage for Collapsed Condo Tower Will Be Enough

Five lawsuits have been filed against the Champlain Towers South Condominium Association in Surfside, Florida as of Thursday afternoon as plaintiffs move to preserve evidence at the site of the partially collapsed high-rise to stake a claim to a share of the reported $48 million in insurance coverage available. read more
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Drones Pulled Into Play to Help Fight Wildfires in U.S. West

In a grassy meadow outside Missoula, Montana, Jennifer Fowler eyes two drones high in the sky with weather instruments -- part of a program to see how drones can help to fight and monitor wildfires. read more
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Experts Warn Companies Struck by REvil Ransomware Attack Could Take Weeks to Recover

Computer systems of several companies across the world, including 800 physical grocery stores of Sweden's Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, cyber security experts said. read more
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EU Auditors Want Polluters to Have Insurance or Funds to Fix Environment

Taxpayers are too often being forced to pay to clean up environmental damage while the companies responsible dodge the costs, the European Court of Auditors said on Monday. The European Union's executive Commission will propose rules this year to force companies to find and fix risks to human rights and the environment in their supply... read more
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Research and Webinars

Concrete steps and tactics for improving policyholder relationships

Against the backdrop of digital transformation and the pandemic, insurers can ...
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Improve Compliance with Advanced Identity Monitoring

For insurance companies providing a policy update, the cost of a double-digit ...
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Industry Survey: Managing Distribution Onboarding in the Digital Era

Managing agent and agency onboarding is a business critical function for ...
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37% percent of U.S. consumers have been victims of identify fraud. Read full report.

Identity thieves are increasingly targeting non-financial accounts, including ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
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Media

EP. 17: Leading by Example: How Insurers Can Manage Cyber Risk Within Their Own Operations

InsurTech Newsletter


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