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Today's Headlines August 31, 2022

Next Gen Service: What Agents Want From Their Carrier Partners

At a recent industry event, the Duck Creek Formation conference in March, insurance agency representatives, including Most Insurance Agency Principal Craig Most, shared their thoughts about what makes agents choose to work with certain carriers over others during a session sponsored by Duck Creek partner Ivans. Following the event, Most and Ivans CEO Reid Holzworth... read more
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Breaking Down Inflation's $30B Impact on Insurers Line by Line

Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines. In an article titled, Countering inflation: How U.S. P&C insurers can build resilience, McKinsey partners Kia Javanmardian, Sebastian Kohls and Fritz Nauck, together with senior... read more
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 Brand Spotlight 
Revisiting L&AH Products and Placement for Today's Customers

"Would you like fries with that?" was never meant to be a polite question to make sure that we were satisfied. It was meant as an upsell. It is a perfectly-timed, pressure-driven question that often gets a positive response. It was marketing in the moment ...read more
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Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. Heavy rains this year have triggered floods that inundated cities in China and South Korea and disrupted water and electricity supply in India,... read more
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Doomed to Melt: Greenland's 'Zombie Ice' and Rising Sea Levels

Zombie ice from the massive Greenland ice sheet will eventually raise global sea level by at least 10 inches (27 centimeters) on its own, according to a study released Monday. Zombie or doomed ice is ice that is still attached to thicker areas of ice, but is no longer getting fed by those larger glaciers.... read more
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Hurricane Alley Hasn't Been This Quiet in a Quarter Century

The Atlantic crucible of hurricanes hasn't had a storm all month, and if the calm holds it will stand as the quietest August in 25 years. The expanse of ocean between Africa and the Caribbean Sea has only had two stormless Augusts in more than seven decades of recordkeeping — one in 1961 and the... read more
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Calif. Emission-Free Mandate Presents New Risks for Auto Insurers

A state mandate in California that will require all cars sold after 2035 to be emission free presents a formidable challenge for auto insurers to properly price and fully understand the risks presented by electric vehicles. The rule adopted by the California Air Resources Board comes as average collision repair wait times are lengthening and... read more
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Research and Webinars

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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Harnessing "Insurance Intelligence" to Create Modern Products

Artificial Intelligence is going to be a major key to growth in this decade. ...
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The State of Gulf Homes: Wind Exposure, Water Exposure, Underinsurance, and Adaptation

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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Insure Smarter with Highly Predictive Analytics & Insights

It is no easy feat to underwrite in the Gulf-adjacent states, but minimizing ...
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How AI/ML Can Create New Underwriting Data from Internal and External Sources

AI underwriting is here: Are you ready? What do you think of when you think of ...
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Media

On Demand Now! What Insurers Should Know About Navigating a Tricky Inflationary Landscape

InsurTech Newsletter


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