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Today's Headlines April 20, 2022

How Carriers Are Reimagining Claims Management

With advances in technology comes a skyrocketing quantity of data, and frontline claims operators are struggling to keep up. For insurance executives, the problems that ricochet from this data quantity challenge are far-reaching and costly, driving carriers to adopt next-gen claims adjustment methods that leverage artificial intelligence (AI) to optimize the claims management process. By... read more
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Travelers' Profit Up 48% in Q1

Travelers Companies Inc. reported a 48 percent jump in quarterly profit that beat analysts' estimates, as lower catastrophe-related claims cushioned a hit from investment losses. The company's core income rose to $1.04 billion, or $4.22 per share, in the first quarter ended March 31, from $699 million, or $2.73 per share, a year earlier. Analysts... read more
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 Brand Spotlight 
Opportunities Abound for L&AH Insurers Amid Great Resignation

"New normal" was the phrase heard around the workplace throughout much of the first year of the pandemic. It's become the colloquial term used to describe the lifestyle changes society undertook that have become commonplace, such as remote work. If "new normal" was the buzzword ...read more
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South Africa's Deadliest Floods in 6 Decades Claim More Than 300 Lives

South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The heaviest rainfall in at least six decades caused landslides, interrupted port operations, damaged roads and washed away houses. At least 341 people died... read more
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Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth

Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth opportunities in an attractive reinsurance market." Developed in partnership with J.P. Morgan and institutional investors, the "hybrid transaction" is the first of its kind to... read more
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Global Executives Want to Ditch Work From Home, but Few Follow Their Own Advice

Bosses are hellbent on getting their staff back into the office. It's just that the rules don't necessarily apply to them. While 35 percent of non-executive employees are in the office five days a week, just 19 percent of executives can say the same, according to a survey by Future Forum, a research consortium backed... read more
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The InsurTech Summit 2022 Announces Agenda and Speakers

San Diego, CA, April 18, 2022 – Today, Carrier Management has announced the agenda and speakers for the InsurTech Summit 2022. This is a virtual, two-day event beginning at 8 a.m. Pacific on Tuesday, May 10 and continuing on Wednesday, May 11, 2022. Registration is now open at: TheInsurtechSummit.com. Last year's conference attracted over 1,500... read more
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Tech Bytes: New Partnerships at Propeller, Tractable, Insurity

Propeller Inc., an InsurTech managing general agency specializing in surety bonds, has signed an agreement with Amwins, a specialty insurance distributor in the U.S., to serve as a preferred surety partner to its network of more than 25,000 retail agencies. The partnership focuses on delivering Propeller's proprietary, white-labeled (URL) technology to agents and brokers, allowing... read more
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The InsurTech Summit 2022 Announces Agenda and Speakers
Research and Webinars

Data-Driven Property Intel for Faster Customer Relief

Better serve policyholders across your insurance workflows with powerful ...
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Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

According to Harvard Business Review, low-quality data costs U.S. businesses ...
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Strengthen Your Core: Discover How 5 Core Commercial Property Attributes Can Help Empower Data-Driven Underwriting

Evolve from "good enough" to actionable data to empower your underwriting. Stop ...
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Price Policies more Accurately with Geospatial Technology

Over-pricing policies could trigger the loss of high-quality, lower risk ...
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Same-Day Onboarding

Research firm Aite-Novarica interviewed 10 life, annuity, and P/C insurance ...
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Media

Commercial Lines Analysis: Still No Rate Drops

InsurTech Newsletter


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