| Today's Headlines | March 26, 2021 |
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When I wrote about emerging issues facing the property/casualty insurance industry for Carrier Management early in 2020 I stated, "Insurers and reinsurers face numerous emerging issues arising from: the rapid pace of scientific, technological and medical advances; new products; changing social mores; court decisions abrogating various insurance policy defenses; as well as new and amended... read more | | |
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| | | Advertisement | | |  | | | | The Economist invites you... | | | | How is digital transformation the future of insurance? Are Cloud, IoT or AI key? Hear from a panel of insurance experts at The Economist's webinar this March 31st. | | | | |
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In early January 2021, Andrew Rear's health took a turn for the worse. After suffering two weeks with COVID-19, the 50-year-old former head of Munich Re's Digital Partners thought he was on the mend. Almost without warning, however, he began to worsen and then increasingly struggled to breathe. Within a day, after consulting with his... read more | | |
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Historically, the insurance industry has relied on imprecise risk assessments. But what if carriers could gather data to better understand their insurance risks? Or to prevent costly damage in the first place? Smart home and property technology can do just that. An IoT device is ... read more | | |
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Securities class action settlements for 2020 generally kept pace with recent years despite the pandemic, according to a recent report from Cornerstone Research. The report, "Securities Class Action Settlements—2020 Review and Analysis," found that courts approved 77 settlements totaling $4.2 billion in 2020 compared to 74 settlements totaling $2.1 billion the previous year. There were... read more | | |
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The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms of catastrophe losses and COVID, with one segment actually reporting better combined ratios and higher income than in 2019. A Mar. 16 report from Moody's Investors Service, "Rising commercial pricing and economic recovery support earnings... read more | | |
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Snapsheet, a claims management platform InsurTech, raised $30 million in new financing that will help further build out its cloud-based system and meet customer demand that has surged in the wake of COVID-19. read more | | |
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Italian insurer Generali has nudged up its bid for Aviva's Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two sources familiar with the matter told Reuters. read more | | |
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AXIS Insurance hired two underwriters to its Global Cyber and Technology team. Aspen Insurance Holdings named a new Non- Executive Director to its board. read more | | |
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When the pandemic is over, the brokers of Lloyd's of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. 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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| | Many of us made big changes to the way we work this year. Whether your team is ... read more | |
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| | New consumer trends reveal the path carriers can follow to thrive in this ... read more | |
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| | Name and address are all you would need when an applicant comes to you for ... read more | |
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| | Digital innovation is reshaping payments in the insurance industry. ... read more | |
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