Critical Information for P/C Carrier Executives
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| | | | | | | ISO actuarial data is moving to the cloud | | | | To strategically enhance the velocity and flexibility of our data and analytics, we've been migrating our ratemaking systems to a secure, cloud-based infrastructure. | | | | | | | | Verisk | | |
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| Today's Headlines | June 28, 2021 |
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| Digitalization has become a buzzword today, with concepts such as digital government, digital currency, digital health care and digital enterprises. It seems many traditional things can appear trendy and advanced if they become "digitalized." However, despite the abundance of books and articles on digitalization, explanations of its theory and application tend to be fragmented or... read more |
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| Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation assessment scores, which the rating agency first introduced into the rating process last year, AM Best found that the scores this year are slightly lower than... read more |
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| Telematics — specifically usage-based insurance rates (UBI), or "pay-as-you-drive" — has proven to be a game-changer in the auto insurance industry. In a May 2020 customer sentiment survey, J.D. Power found that 40% of drivers were contemplating UBI due to the potential cost savings. In a ...read more |
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| Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government's COVID-19 lockdown last year, the Lloyd's of London insurer said on Monday. Hiscox was one of six of the world's largest commercial insurers to lose a test case in Britain brought on behalf of policymakers by... read more |
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| Calculating climate costs is no easy task even for Japanese insurers, armed with sophisticated models to predict the course and intensity of typhoons, and the damage they could cause. read more |
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| The National Association of Mutual Insurance Companies promoted one of its veteran executives to become its next president and chief executive officer. Neil Alldredge takes on the top spot as of July 1. read more |
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| Kin Insurance, a catastrophe-risk specialist home insurance startup, has turned to veterans of Allstate, CNA, Nationwide and elsewhere to fill key leadership slots as it expands. read more |
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| The U.S. Supreme Court on Friday narrowed the scope of a class action lawsuit against TransUnion in which thousands of people sought damages after the credit reporting company flagged their names as matching some on a government list of suspected terrorists and drug traffickers. read more |
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| Warren Buffett's Berkshire Hathaway Inc appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. read more |
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| Self-sufficiency is critical for an insurer to gain that sought-after control. ...
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| 83% of insurance CEOs say they are "concerned" about the speed of technological ...
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| Striking the right balance between automation and the human touch is a top ...
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| Identity thieves are increasingly targeting non-financial accounts, including ...
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| For insurance companies providing a policy update, the cost of a double-digit ...
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