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| | | | | | | Turn Data Into Action | | | | Discover how on-site expertise paired with advanced computer modeling can empower your underwriting with more risk insights for over 15 million properties. | | | | | | | | Verisk | | |
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| Today's Headlines | May 4, 2022 |
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While the insurance industry as a whole has delivered pockets of innovation, such as cyber insurance and digital distribution, few carriers do so consistently. This is part of the reason the sector has seen poor productivity growth. For property/casualty insurers, the need to do better in terms of efficiency may be particularly acute. Their resilience... read more | | |
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| | | Advertisement | | |  | | | | THE Virtual Event for P/C Insurance Leaders | | | The 2022 InsurTech Summit will feature industry experts discussing how insurtech can lead us
towards a safer, smarter and better world. Join us for the 2-day virtual event on May 10th & 11th. | | | | | | | | Carrier Management |
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Cyber insurance is experiencing a capacity crunch right now, and although that is expected to continue through at least the end of the year, it's not all bad news, according to Brittany Baker, senior director of technical sales at CyberCube, in Carrier Management's latest Strategy Sessions webinar. She said this is pushing policyholders to ramp... read more | | |
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Welcome back to our "Two-Minute Q&A Chat" exploring distribution management, where we ask the tough questions on how to get the most out of your transformation. In our previous discussions, we introduced the DM Maturity curve and discussed how carriers can define their current location ... read more | | |
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First-quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021 first quarter. Underwriting income in AIG's General Insurance unit was $446 million during the first three months of 2022 compared with $73 million during the same period a year ago. Underwriting income included $274 million in... read more | | |
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Global supply chain problems look set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet... read more | | |
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SPONSORED BY: Amazon Ads Max Life Insurance used Amazon DSP to reach custom audience segments based on life stage, lifestyle habits, and product purchases - 66% of the generated leads were found to be relevant. Amazon Ads can help design ad experiences that leverage billions of first-party insights... read more | 
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A new study by Travelers of workers compensation claims found that 35 percent of injuries occur during employees' first year on the job, regardless of age or industry experience. "Our data underscores the importance of comprehensive onboarding and training programs for employees, particularly as we continue to navigate the challenges of COVID-19 and see many... read more | | |
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The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in its push to curb fraudulent activities in the hot digital space. The securities regulator said the division will be renamed the "Crypto Assets and Cyber Unit" and will have a total of... read more | | |
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Sanlam Ltd., Africa's largest insurer, agreed to form a joint venture with Germany's Allianz SE that will combine their assets on the continent valued at 2 billion euros ($2.1 billion) and help the partnership expand. Sanlam and Allianz will fold their respective African operations—excluding those operating in South Africa—into a new unit majority controlled by... 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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| | A clunky and inefficient claims process leads to unhappy customers. This guide ... read more | |
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| | Research firm Aite-Novarica interviewed 10 life, annuity, and P/C insurance ... read more | |
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