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McKinsey analysts believe insurers focused on large one-off deals undertaken to scale their companies and those who stick to organic growth are both headed down unfruitful paths if outsized shareholder return is their success metric. In a report published in late March, "A Better Approach to M&A in North American Insurance," five members of McKinsey's... read more | |
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There's a simple idea that has guided Abel Travis as he rose to his current executive leadership position at a property/casualty insurance carrier and gave a platform to more than 100 InsurTech leaders at the same time. "I believe our work should be selfless. When we have knowledge, we should share it broadly because it's... read more | |
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Spring. The season for rebirth. Revival. Rejuvenation. We see the first colors – yellow daffodils, green grass, purple hyacinths and white flowering trees emerging. Spring is the start of something new. Out of long winter days, snow and bone-chilling cold emerges the new ideas and energy ... read more | |
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U.S. property/casualty insurers returned nearly $13 billion in premiums in 2020 thanks to reduced exposures from the COVID-19 pandemic, A.M. Best said in new commentary. What's more, a sizable part of the total came from Berkshire Hathaway's various insurance properties. read more | |
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Archipelago raised $34 million in new financing from multiple investors, with plans to use the money for further expansion of its operations and technology – a risk data platform with artificial intelligence that digitizes risk for large owners of commercial property. read more | |
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SPONSORED BY: Athenium Analytics Are you exploring AI to drive claims efficiency & outcomes? Join this live webinar to learn how West Bend uses Claims Signal's AI-driven open claim alerts to address problematic files before they close. Plus, learn how Claims Signal can uncover new performance insights for your own program. Hosted by Athenium Analytics & Aon Inpoint.... read more | 
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Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet, and life insurance offerings in the U.S. read more | |
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The Travelers Companies reported net income of $733 million for the first quarter of 2021, compared to $600 million in the prior year quarter. read more | |
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The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists off the streets, a survey showed. read more | |
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Four drugmakers helped cause the deadly U.S. opioid epidemic by deceptively marketing their drugs and downplaying their addictive risks, a lawyer for several California counties argued on Monday at the start of a multibillion-dollar trial. read more | |
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