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Today's Headlines January 18, 2022

Why Are Insurance Outsourcing Contracts So Bad?

The insurance industry has changed dramatically over the past decade in response to increasingly stringent regulations, changing consumer preferences and falling interest rates. Over just the past 18 months, COVID-19 resulted in massive, high-speed changes to the insurance industry in technology, process automation, cybersecurity and work-from-home delivery models. Yet, the vast majority of insurance outsourcing... read more
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Regulators Can Learn AI; New InsurTech Groups Will Help

It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance technology company even existed. Regulators didn't know what to make of catastrophe model information that carriers started to include in homeowners filings as actuarial and statistical support for... read more
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From the Archives: Don't Let Fear Keep You From Taking Action

Certainty is scarce right now. When we lack certainty, we lack calm and peace. Our lives feel out of control. It's daunting to capture calm in the midst of chaos. But when we seize control in times of uncertainty, we can change everything. One man's decision to act inspired me to take control of my... read more
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The Latest Launches From Branch, Cowbell Cyber, Agman and Great American

Branch, a full-stack insurance company that uses data, technology and automation to simplify home and auto insurance, is expanding into six new states including Kansas, Kentucky, Nebraska, New Mexico, Utah and West Virginia. These states join the 19 states where consumers can purchase Branch's home and auto insurance. With the new states, Branch is now... read more
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Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure

Thawing permafrost could put as much as 50 percent of Arctic infrastructure at high risk of damage by 2050, requiring tens of billions of dollars in maintenance and repairs, scientists warned. The world's permafrost — land that remains frozen year-round — has been warming at between 0.3 and 1.0 degree Celsius per decade since the... read more
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Executives on the Move at Chubb, Zurich NA and Obsidian

Chubb Limited announced that Drew Spitzer has been appointed treasurer of the company. He currently serves as chief financial officer for North America Insurance. Prior to that, he was CFO of Combined Insurance, a Chubb affiliate. Spitzer will report to Peter Enns, executive vice president, Chubb Group and chief financial officer, and succeeds Mark Hammond,... read more
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Leadership Tips: Give Employees the Tools They Need to Grow

Employees understand their own strengths and weaknesses, how they need to grow and adapt, and where they should focus their career efforts. It's up to companies to provide a safe environment and offer the resources and opportunities employees need to take control of their own careers, says Sarah Fern, the chief people officer for Velocity... read more
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Research and Webinars

APIs: What are they and why do we need them to improve commercial auto?

Simplicity and efficiency for commercial auto. Two key business drivers for ...
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How Carriers are Managing Licensing & Compliance: New Models for New Times

"Managing agent licensing is a business-critical function for insurers and ...
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When every picture tells a story...

How much do you know about the risks in your portfolio—and what might you be ...
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Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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Learn how to reduce total cyber insurance claim expenses

This paper will review the current model of incident response for ransomware ...
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Media

EP.5 Strategy Sessions – 2022: The Year to Come

InsurTech Newsletter


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