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| | | | | | | The Race to Zero Questions | | | | To increase the straight-through processing rate in the small commercial market, access to accurate data and insightful analytics quickly is imperative and possible. | | | | | | | | Verisk | | |
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| Today's Headlines | September 7, 2021 |
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Unemployment levels increased across the insurance industry in the first half of 2021, with property/casualty insurance carrier employment figures revealing a drop of 14,000 jobs. Greg Jacobson, chief executive officer of The Jacobson Group, and Jeff Rieder, head of Ward Group, a unit of Aon, reviewed numbers from the U.S. Bureau of Labor Statistics, along... read more | | |
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| | | Advertisement | | |  | | | | Don't Let Any of It Go To Waste | | | | All data is valuable. Discover best practices to capture and leverage loss run data for new market insights. Watch our free webinar to learn more. | | | | | | | | Two Sigma IQ |
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Sensor technology is no longer an emerging technology in commercial property/casualty insurance. It has emerged—and is rapidly growing, according to executives who bring the Internet of Things technology applications to carriers and their customers. Still, the issue of figuring out who pays for the technology—carrier or commercial insured—is one hurdle that potential users are still... read more | | |
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Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few years after natural disasters such as hurricanes and wildfires, as well as from the impact of the COVID-19 pandemic. "We expect this (price)... read more | | |
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Insured losses to onshore property resulting from Hurricane Ida's winds and storm surge will range from $17 billion to $25 billion, according to estimates from modeling firm AIR Worldwide. AIR's modeled insured loss estimates include insured physical damage to property (residential, commercial, industrial, auto), both structures and their contents from winds, wind-borne debris, storm surge... read more | | |
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New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to wear seat belts and other unsafe behavior since the start of the coronavirus pandemic. The National Highway Traffic Safety Administration (NHTSA) on Thursday estimated 8,730 people died in car crashes in the first three months... read more | | |
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As anyone who works in insurance knows, technology is powerful enough to transform any industry. And the fine art market is no exception. "I think it's the nature of the art world to constantly be looking to the next thing," says Mary Pontillo, senior vice president of the Dewitt Stern Fine Arts Practice at Risk... read more | | |
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India unveiled a data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies. Regulators agreed to allow banks, pension funds, tax authorities, insurers and other finance firms to pool together customer information --... read more | | |
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| | Cyber insurance has become a significant issue for insurers. From being a ... read more | |
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| | GIACT's new report, Understanding Account Takeover 2021, discusses the impact ... read more | |
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| | Insurers are facing a moment of truth. How they respond today will lay the ... read more | |
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| | The arrival of new aerial imagery providers gives insurance carriers the ... read more | |
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| | As large P&C carriers and brokers continue to grow through mergers and ... read more | |
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