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Today's Headlines June 3, 2022
Insurance insights for your whole team!
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Hippo Sets Sights on Improved Gross Loss Ratio, Geographic Expansion for 2022

Hippo, a home insurance group focused on home protection, knows that good things take time, especially in insurance, according to President Rick McCathron. "The thing about insurance is that once you decide what you want to do, it usually takes between 12 and 24 months from idea to actually working it into the book of... read more
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Private Equity Tops U.S. Carrier Investment Choices; Europeans Pick Green Bonds: Survey

Insurers around the world are going to be putting more of their firms' money into private equity and green bonds this year, according to an asset manager's recent survey of carrier investment and financial officers. Fifty-eight percent of carrier CIOs (chief investment officers) and CFOs selected private equity among the top three asset classes they... read more
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 Brand Spotlight 
How Positive Policyholder Experience Creates A New Insurance Mindset

Emerging smart home technology offers the insurance industry a significant, potentially lucrative opportunity to enhance customer service and deliver experiences that people love. Customers traditionally only connect with carriers during processes like acquisition, renewal and claims – moments that aren't always associated with positive experiences. But ...read more
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The 5 Ways PA Can Help You Grow
 
In this interactive webinar, Pia Corbin, retired SVP at Geico, will discuss how PA (predictive analytics) enabled Geico to overcome certain core business challenges.
 
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FEMA Pushing for Stronger Building Codes Nationwide

On the first day of the Atlantic hurricane season, federal officials announced a new initiative to modernize building codes across the country so that communities can be more resilient extreme weather events. Deanne Criswell, the administrator for the Federal Emergency Management Agency, and Ali Zaidi, the deputy national climate advisor to President Joe Biden, discussed... read more
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'Pay-As-You-Go' Workers Comp MGA Hourly Raises $27M

Workers compensation InsurTech Hourly has raised $27 million in a series A seed round. The platform lets employers with hourly workers run payroll, track time and attendance, and manage workers compensation insurance premiums in one place in real time. As a "pay-as-you-go" model, it promises insureds that they only pay for the coverage they use... read more
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Federal Investigators to Review FDA Response to Baby Formula Recall

Federal investigators have launched a review into whether the U.S. Food and Drug Administration properly inspected Abbott Laboratories' Michigan plant and how the agency oversaw the baby formula recall that led to severe U.S. shortages. The review, which is expected to be completed in 2023, will be conducted by the U.S. Department of Health and... read more
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Executives on the Move at Roamly, Verisk, MAPFRE USA

RV-focused InsurTech Roamly announced the appointment of Mary Heneen as chief commercial officer and Jessica Ballard as director of Claims. As CCO, Heneen will lead Roamly's insurance growth opportunities and partnerships. Prior to joining Roamly, she worked in strategic revenue growth development and marketing at several Fortune 500 companies, including DIRECTV, Amazon, Comcast, Dish and... read more
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How Narcissistic Bosses Stymie Knowledge Flow Across Business Units Inside Organizations

Narcissism is a prominent trait among top executives, and most people have seen the evidence in their workplaces. These individuals believe they have superior confidence, intelligence and judgment, and will pursue any opportunity to reinforce those inflated self-views and gain admiration. According to new research from the University of Washington, narcissism can also cause knowledge... read more
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Research and Webinars

The Mystery of the Fraudulent $13,000 Pizza Oven

A.I. Detects Fraudulent $13,000 Pizza Oven, Saves 30 Minutes per Claim. IAG ...
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Insurance Reimagined: How AI Tech is Fundamentally Changing Insurance

Trampoline detected. Patio extended. New vehicle identified. This whitepaper ...
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Evolving Types of Insurance Fraud Schemes

According to the FBI, the insurance industry loses $40 billion per year to ...
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What Your Need to Know About "Hyperautomation"

As the world has turned digital, technological business solutions continue ...
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How to Design the Claimant Journey with Empathy while Achieving Radical Automation

Automation is essential to the insurance industry's digital transformation ...
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Media

Captain: Aligning Incentives to Get Weather Damage Repaired Faster

InsurTech Newsletter


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