| Today's Headlines | November 3, 2021 |
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Insurers make money by assuming the business risks of their customers for a fee. They make a profit only if the estimated aggregate cost of the risk for all their customers is less than the aggregate fees for assuming the risk. Companies seeking cyber insurance face technology-based security threats, so understanding technology is essential for... read more | | |
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Even if they are never laid out in a formal document, every company is going to have strategic goals. After all, no executive is going to say that they don't want their company to grow or otherwise improve. To do so would be devastating to not only the business and company morale but their personal... read more | | |
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Climate change is having an impact on natural hazards all around the world and wildfire is at the forefront of this activity. Wildfire patterns that used to be confined to late summer months are a more continual threat and the way the insurance industry thinks... read more | | |
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Lemonade has formally entered the auto insurance markets, seven months after the New York-based digital insurer disclosed initial plans to do so. Illinois is the first market where customers can subscribe to Lemonade Car. Tennessee will be next, with a national rollout planned in the months ahead, the company said. read more | | |
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Part of American International Group's plans to spin off part of its Life & Retirement business have come to fruition. read more | | |
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Insurers are increasingly turning toward non-traditional assets to increase their yield, according to Clearwater Analytics' annual Insurance Investment Survey Report. read more | | |
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Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, the insurer said, above analysts' expectations, while it reported strong premiums written this year thanks to rising rates. read more | | |
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Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by Tesla. Newly-listed Renaissance Insurance has verified Yandex's algorithms and the two companies will team up to offer car insurance discounts of... read more | | |
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Zurich North America is inviting InsurTech startups to apply for the third annual Zurich Innovation Championship. read more | | |
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| | Effective distribution is essential to carrier success, especially as the ... 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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| | Business email compromise, or BEC – defined as a fraud tactic using email to ... read more | |
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| | Future economic fundamentals may produce tailwinds for insurers seeking to ... read more | |
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| | Accelerate competitiveness with a digital ecosystem. Revolutionize your ... read more | |
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