Critical Information for P/C Carrier Executives
| | | Today's Headlines | March 15, 2021 |
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| As money began to flow into InsurTechs back in 2014 and 2015, these companies essentially fell into two categories: You were either a provider of technology to insurance companies or a distributor of an insurance product to an end customer. If you were a distributor of insurance, the model was obvious: You structured yourself as... read more |
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| What wakes you up every morning? Your alarm clock? The neighbor's (or your) barking dog? Sunrise through your window? A gentle nudge from your significant other? For most of the world, the year 2020 proved to be the loudest wake-up call of the decade. In the U.S., the COVID-19 pandemic, civil uprisings and a divisive... read more |
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| Telematics — specifically usage-based insurance rates (UBI), or "pay-as-you-drive" — has proven to be a game-changer in the auto insurance industry. In a May 2020 customer sentiment survey, J.D. Power found that 40% of drivers were contemplating UBI due to the potential cost savings. In a ...read more |
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| Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven storms in February will exceed $10 billion, according to Aon's latest Global Catastrophe Recap report, which dubbed it "the costliest winter weather event" ever for the U.S. insurance industry. read more |
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| Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved slightly over the previous year. read more |
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| More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall satisfaction scores ever measured, J.D. Power Associates said. read more |
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| AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. read more |
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| Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, the company said early Thursday - a serious escalation that could portend widespread digital disruption. read more |
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| A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision to rescind a "statement of principles" of the profession. The CAS action would seem to have limited impact, confined to a single group of industry professionals, but regulators and consumer... read more |
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| Watch on demand: Erie Insurance's Tim Shine shares the journey to digitize the ...
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| Is your insurance organization prepared to meet the heighted expectations of ...
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| Digital innovation is reshaping payments in the insurance industry. ...
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| Consumers don't take into account the fees that insurance companies have to pay ...
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| " When it comes to insurance, small business owners want straightforward ...
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