Critical Information for P/C Carrier Executives
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| | | | | | | Missing opportunities for growth? | | | | Small commercial presents many opportunities, especially as new businesses form at a rapid rate. Learn more in the latest ISO MarketStance Economic Update. | | | | | | | | Verisk | | |
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| Today's Headlines | November 22, 2021 |
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| Long before the pandemic, many insurance providers sought ways to use technology to meet the demand for faster turnaround times for quotes and renewals. In response to the restricted travel and safety concerns brought on by COVID-19, many commercial property insurers accelerated their efforts, using virtual technology to engage with customers and conduct inspections. These... read more |
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| Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to file insurance claims, a senior executive at Zurich Insurance Group told the Reuters Connected Claims USA event this week. The move, according to Group Chief Claims Officer Ian Thompson, was despite significant customer adoption of... read more |
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| If we have one core value at MediaAlpha, it's transparency. From the way we hold our company meetings to the way we treat our customers, we pride ourselves on being open and honest in everything we do. But to understand what has really made our ...read more |
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| The challenges faced by underwriters have grown immensely in recent years. For underwriters working specifically within the technology sector on errors and omissions (Tech E&O) coverage, the risks they're considering have converged with cyber risk, as increasing sophistication and frequency of cyber attacks rattle business operations across industries. Companies in the technology industry are particularly... read more |
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| CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick & Struggles found. The findings illustrate how CEOs are not immune to the exhaustion that has swept hundreds of... read more |
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SPONSORED BY: Notion IoT and business insurance innovations allow SMBs and their insurance carrier to improve profitability and streamline operations in ways not previously possible. Smart property solutions and connected commercial insurance programs represent a win-win for businesses and insurers. They enhance customer long-term value (LTV), lower customer acquisition cost (CAC) for insurers... read more |
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| On Thursday, Marsh McLennan announced changes to its executive committee effective January 1, 2022. The company has promoted John Doyle to group president and chief operating officer of Marsh McLennan. He will also continue as vice chair of the company. Doyle is currently president and CEO of insurance broker Marsh, a position he assumed in... read more |
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| Swiss Re and Chinese tech giant Baidu are teaming up to further develop the autonomous driving industry, announced Swiss Re. The partnership between Swiss Re and Baidu aims to further develop the autonomous driving industry by advancing risk management research and insurance protection for autonomous vehicles. It allows reinsurers such as Swiss Re to tailor... read more |
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| The West Virginia Supreme Court has decided that a trial court has the authority to reach across the continent and halt an insurance carrier's litigation in California, a move that could affect other opioid-related lawsuits. Attorneys called it an unusual interstate action by the court, but not surprising, after the justices said that the insurer,... read more |
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| China's central bank and banking and insurance regulator issued draft rules on Friday on the issuance of perpetual bonds by country's insurance companies. The new rules aims to improve the capital replenishment and risk resistance of insurance firms, and to protect the interests of investors, the People's Bank of China and the China Banking and... read more |
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| Specialist insurer Hiscox appointed a veteran Hartford executive as its new Chief Financial Officer in the U.S. Hourly, an InsurTech startup and insurance intermediary with a workers comp technology platform, has hired a Chief Risk & Analytics Officer. read more |
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| GIACT's new report, Understanding Account Takeover 2021, discusses the impact ...
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| "Managing agent licensing is a business-critical function for insurers and ...
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| Insurers are facing a moment of truth. How they respond today will lay the ...
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| Future economic fundamentals may produce tailwinds for insurers seeking to ...
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| Business email compromise, or BEC – defined as a fraud tactic using email to ...
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