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| | | | | | | What business do you want to win? | | | | As you set goals for the next three to five years, learn how economic and industry data can help uncover opportunities to fuel your strategic planning. | | | | | | | | Verisk | | |
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| Today's Headlines | May 25, 2022 |
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Tom Vykruta, chief executive officer and co-founder at InsurTech EvolutionIQ, is no stranger to solving hard problems. Problem solver was essentially the job description for the relative newcomer to the insurance industry in one of his previous roles at Google. "They would have some massive data problems, some real large problems [being tackled] using older-style... read more | | |
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Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer Markel UK. And perhaps the ongoing hard market presents an opportunity for the industry to reset some long-held practices, indicated Nic... read more | | |
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Managing general agents (MGAs) are a black hole of insurance knowledge – with many avenues of compensation, it can be confusing to understand how MGAs are even allowed to collect revenue, and it varies by state! (Of course it does, but you already knew that, you smartypants.) ... read more | | |
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J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. "A perfect storm of record-high replacement costs, increased frequency and severity of collisions, and an economic outlook that suggests this situation won't change anytime soon... read more | | |
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The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday. NOAA forecasters estimate 14 to 21 named storms, six to 10 of which will become hurricanes, with three to six of those developing into major hurricanes during... read more | | |
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Chubb Limited has appointed John Thompson as vice president, Chubb Group and division president of International Personal Lines, effective June 1. In his new role, he will be responsible for leading Chubb's division that provides a broad range of traditional and specialty personal lines insurance products to targeted customer segments. He will report to Juan... read more | | |
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Most business owners expect employees to be back working in person full time a year from now, but employees want to retain flexibility with where and when they work. According to Nationwide's most recent Agency Forward survey, about half of business owners and employees said they are working full time in person, and more expect... read more | | |
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Why do residential property claims drag on for months, leaving homeowners waiting for needed repairs? One reason: contractors don't have incentives to move repairs forward quickly. And often, homeowners don't even know how to identify good contractors. Demetrius Gray, founder of fintech Captain, described the problems to Carrier Management along with the contractor financing solution... read more | | |
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| | A.I. Detects Fraudulent $13,000 Pizza Oven, Saves 30 Minutes per Claim. IAG ... read more | |
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| | Trampoline detected. Patio extended. New vehicle identified. This whitepaper ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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