Critical Information for P/C Carrier Executives
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| Today's Headlines | December 29, 2021 |
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| Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of InsurTech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. read more |
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| During a session of an insurance industry webinar titled "State of the Insurance Marketplace," the war for talent was discussed just as much as the hard or moderating property/casualty insurance market. And executives of carriers and brokers confirmed that requiring employees to work in the office not only means few responses to advertisements for open... read more |
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| Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its harmful impact on the insurance industry. read more |
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| Aon's proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. read more |
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| Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the company's 2021 third quarter. read more |
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| Some of the property/casualty insurance industry's major industry groups are actively planning for face-to-face meetings again in 2021. Don't worry, virtual events are also part of the game plan. read more |
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| The underwriters of the future will need to be "exponential," multiplying their value by developing new skills and taking on enhanced responsibilities. This means evolving into new roles, such as technology trailblazer, data pioneer, deal-maker, portfolio optimizer and risk detective, according to Deloitte's new report, "The rise of the exponential underwriter." Deloitte surveyed 19 chief... read more |
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| CNA's quick response to a cybersecurity breach that disrupted its network has helped preserve the company's brand and competitive position, Standard & Poor's concluded in a recent assessment. read more |
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| Amazon has launched a new digital insurance network designed to help small businesses selling on its platform more easily purchase affordable product liability coverage. Dubbed the Amazon Insurance Accelerator, the service is the product of a collaboration with Marsh, which helped curate/vet the participating providers. read more |
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| Levels of employment for the insurance industry are "holding up much stronger than the overall economy," the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000 jobs since March 2020. The actual number, 19,700 jobs, according to U.S. Bureau of Labor Statistics, represents a 1.2 percent increase in employment... read more |
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| How much do you know about the risks in your portfolio—and what might you be ...
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| The home improvement boom was an unexpected risk for the P&C insurance ...
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| Effective distribution is essential to carrier success, especially as the ...
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| This paper will review the current model of incident response for ransomware ...
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| It's good to be in the E&S market right now. Indeed, E&S typically ...
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