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Today's Headlines September 29, 2022

From Kids Soccer to Storybook Chapters, ITC Panelists Say Embedded Insurance Is the Future

Panelists at the Insuretech Connect conference at Mandalay Bay in Las Vegas this month claimed embedded insurance is the hottest topic in the insurance industry right now. While opinions may vary, it was almost certainly the hottest topic at the conference this year. Just don't tell Keith Moore, co-founder of the new InsurTech Embedded Insurance,... read more
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How to Get Through a Core Systems Transformation: Change Management Tips

The success of a core systems implementation is only as strong as an organization's ability to adapt to it—all while maintaining business as usual (BAU). Being proactive and flexible helps drive the successful adoption and usage of an impactful digital transformation. As organizations begin to embark on implementing new core systems, it is imperative that... read more
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 Brand Spotlight 
Adjuster Licensing and Your P&C Claims Processing Timelines

Hurricanes. Wildfires. Earthquakes. What do they have in common? If you're in the insurance industry, the answer is that they're all guaranteed to trigger weather and disaster claims from those with disaster coverage. For carriers and adjuster firms, that ultimately means activating an emergency response ...read more
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Ian Likely to Become One of the Costliest U.S. Hurricanes

With maximum sustained winds of 150 mph at just after 3 p.m. on Sept. 28, Hurricane Ian was just shy of Category 5 status when it made landfall in Cayo Costa, Fla. Ian, in line to be one of the strongest to ever make U.S. landfall, was the first hurricane to strike Florida since 2018.... read more
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Wind, Water and a Downgrade: AM Best Withdraws Ratings for Tower Hill Prime

Less than an hour after Hurricane Ian made landfall in Cayo Costa, Fla., one more insurance rating agency action added to the weight of the negative impacts hurling towards homeowners and businesses in the storm-torn state. AM Best's announcement that it had downgraded and simultaneously withdrawn the credit ratings of Tower Hill Prime Insurance Company... read more
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Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk

The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year, according to the 2022 Global Modeled Catastrophe Losses Report from Verisk Extreme Event Solutions. In fact, the latest analysis, which uses Verisk's models released in June 2022 and a global suite of industry exposure... read more
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Research and Webinars

AM Best’s Market Share Report: Market and Macroeconomic Factors that Are Pressuring Farmers’ Returns

In 2021, US crop insurers achieved favorable results, with record high premium ...
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Survey Results: Keeping Up with Innovation a Major Challenge

In this newly released State of Technology Survey report, carriers and MGAs ...
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The Five Components of a Managed Repair Technology Ecosystem

Insurers face formidable challenges when it comes to the end-to-end handling of ...
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The Role of Human Underwriters in the AI Future

AI underwriting is here: Are you ready? What do you think of when you think of ...
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The Impact of Reducing Online Abandonment Rates

The Property and Casualty (P&C) insurance industry is being dramatically ...
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Media

Beyond Zeros and Ones: When Cyber Attacks Become Physical

InsurTech Newsletter


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