| Today's Headlines | December 3, 2020 |
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While most carriers have embarked on the digital innovation journey, the results have been mixed. Although personal insurance carriers have made more headway over the past several years, the commercial segment continues to be slower to transform. One key difference in the speed of innovation is that personal carriers have increasing access to new datasets... read more | | |
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With business models centered around pay-per-mile insurance and digital distribution of modern homeowners insurance, InsurTech leaders from Metromile and Hippo recently provided their assessments of the pandemic's impact on the industry from their unique vantage points. Dan Preston, chief executive officer of Metromile, speaking during an InsurTech NY webinar in mid-September, noted that his company's... read more | | |
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Root lost more than $85 million in its 2020 third quarter – its first as a public company following an initial public offering in October that raised $724.4 million. read more | | |
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Chubb has given longtime Chief Operating Officer John Keogh the added title of president. read more | | |
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Berkshire Hathaway Specialty Insurance named an insurance industry veteran to lead its downstream energy property insurance underwriting in Europe. AXIS Re hired a new head of its Japan business. read more | | |
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Reinsurer Conduit Holdings Ltd. rose as it started trading in London after a 826 million-pound ($1.1 billion) initial public offering, the second largest by a British company on the London Stock Exchange this year. read more | | |
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Australia's Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up capital and focus on local business. read more | | |
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Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts said. read more | | |
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| | Progressive, Esurance and Lemonade have successfully adopted data-centric ... read more | |
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| | Now On Demand: Carriers, do you wish you could read your agents' minds? This ... read more | |
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| | Boost retention by reaching out at the right time with the right message. Auto ... read more | |
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| | "Managing agent licensing is a business-critical function for insurers and ... read more | |
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| | AM Best expects that the Directors and Officers (D&O) segment will soon ... read more | |
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