Critical Information for P/C Carrier Executives
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| | | | | | | Small Commercial: Beyond Just Prefill | | | | The ability to harness unstructured data can accelerate your underwriting by introducing new data points, information granularity, and better currency. | | | | | | | | Verisk | | |
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| Today's Headlines | May 14, 2021 |
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| Buildings burn. They shake. They blow up, and they blow down. The events and situations causing damage to buildings are unchanging. For more than 300 years, insurance companies have indemnified property owners for the consequences of these perils. The pillars of property underwriting—construction, protection, occupancy, exposure—are the same now as they were a century ago.... read more |
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| Wildfire risk across the western United States has become a challenging issue for the insurance industry. Heightened risk and extreme events are squeezing carriers and devastating consumers. As a result of mounting losses, carriers are unable to provide homeowners with affordable coverage in high-risk wildfire zones. Regulatory bodies, on the other hand, are capping price... read more |
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| The complexity of insurance products and processes has plagued the insurance industry since its beginnings. It has consequences for decisions throughout the customer's journey with an insurance company. From the customer (buyer of insurance) perspective, the entire insurance process is flawed, particularly compared to other ...read more |
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| Lemonade co-founder Shai Wininger is denying accusations from an activist short seller that the insurer's website has a serious security vulnerability. read more |
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| Insurers face multi-billion-dollar losses from U.S. hailstorms during April, according to Aon's Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events worldwide. read more |
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| As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. read more |
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| After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states. read more |
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| PartnerRe lost $66 million in the 2021 first quarter, due in part to market volatility and $104 million of net losses from Winter Storm Uri. read more |
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| Insurance technology provider Zywave has acquired Modgic, an Orgon-based provider of workers compensation and modification analysis software for the commercial insurance industry. read more |
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| For insurance companies providing a policy update, the cost of a double-digit ...
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| The insurance industry faces significant disruption from multiple fronts, ...
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| Your insurance brand needs people, and people need your brand, so how do you ...
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| Striking the right balance between automation and the human touch is a top ...
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| Many insurers are struggling to keep up with changing customer dynamics and ...
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