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Today's Headlines December 3, 2021

Customers in 2030: Five Trends Insurers Can't Ignore

As insurance companies compete to keep up with digital disrupters in today's marketplace, it's increasingly important to look at the future. Customers' lives are evolving, and as a consequence, their needs around protection are changing, too. We believe firms that can transform themselves to respond to future customers' needs are the ones that will thrive.... read more
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When Will the 'Climate' Change?

During the recent InsureTech Connect conference, Pranav Pasricha, global head of P&C Solutions for Swiss Re, made this observation while talking about property insurance innovations: "Irrespective of our political views, [given] what has happened with Ida, [and] the central European flooding in July, Queensland floods, Japanese floods, historic wildfires—I don't think anybody would disagree that... read more
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 Brand Spotlight 
Innovation Strategies: P&C Insurers Hand Customers the Keys to Growth

The impact of business and consumer trends is sometimes seen more clearly when we link them together. For example, if you follow the progression below, you might come to some new conclusions about where and how P&C insurers should be targeting their future development strategies. ...read more
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Lessons from CNA, JBS and Colonial Pipeline Ransomware Payments

In March 2021, CNA Financial Corp., one of the country's largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data they had was critical, and promising they would help restore everything if the company paid... read more
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InsurTech Decision Point: Shell Company or De Novo Carrier?

Dealing in the world of venture capitalists doesn't naturally prepare InsurTech leaders for the challenge of dealing with insurance regulators, an InsurTech executive said recently, explaining one of the struggles of setting up a licensed carrier. "That's my first piece of advice to any founder: Insurance regulators don't really operate like venture capitalists. Being the... read more
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Continuing to Build: Construction-Focused InsurTech Shepherd

Armed with $6.2 million in seed funding and a technology platform that simplifies the insurance submission process for construction brokers and middle-market commercial contractor clients, InsurTech Shepherd is ready to tackle its mission to rebuild construction underwriting. Co-Founders Justin Levine and Steven Buonpane recently told Carrier Management about the already launched platform, available for free... read more
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Video: How Insurers Created The World's Largest Aerial Imagery Program

One of the best-kept secrets about the property/casualty insurance industry is a member-centric organization known as the Geospatial Insurance Consortium, which manages the largest aerial imagery program in the world. Even with more than a hundred manned planes flying through the clouds over the U.S. alone, the GIC was an under-the-radar organization to Carrier Management... read more
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Bias Education Required For Actuaries Issuing Statements of Opinion

The American Academy of Actuaries has revised the qualification standards for actuaries who issue statements of actuarial opinion (SAOs) in the United States, the association announced this week. The revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS) will replace the existing qualification standards as of Jan. 1, 2022,... read more
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'Prohibitive Voices': How Moral Coworkers Drive Others to 'Do the Right Thing'

Highly moral people might always "do the right thing" when it comes to speaking up about wrongdoings and problems in the workplace. But even people who lack that moral compass become more likely to speak up when they see other employees displaying moral messages at work, finds new research co-authored by management professor Debra L.... read more
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Research and Webinars

Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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Utilizing Artificial Intelligence to Combat Underinsurance Risk

The home improvement boom was an unexpected risk for the P&C insurance ...
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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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Commercial Lines Forecast

Future economic fundamentals may produce tailwinds for insurers seeking to ...
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APIs: Game Changer for Commercial Auto

Simplicity and efficiency for commercial auto. Two key business drivers for ...
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Media

A Big Fat 0: No. of Lines With Decreases

InsurTech Newsletter


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