Carrier Management Critical Information for P/C Carrier Executives
 
 
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Looking Beyond the ESG Label
 
Despite tremendous current growth, ESG labeled bonds could play a less prominent role in sustainable investment strategies in the future.
 
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Today's Headlines April 1, 2022

Stop the Deluge: Why Leaders Should Rethink Project Management

After much deliberation and seemingly endless back-and-forth, strategic goals and objectives for the year are now set. Many company executives already have a good idea of the initiatives they want done to help the company achieve these goals. From there, different departments like Underwriting, Claims and Marketing execute on those initiatives or projects. As executives,... read more
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Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B

Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by S&P Global Ratings. While recent articles in the press have focused on the industry's aviation exposure to leased jets that have been confiscated and... read more
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 Brand Spotlight 
How are Data & Analytics Reshaping the Insurance Industry?

Denise Garth: Welcome back to 'Two-Minute Q&A Chat' exploring distribution management, where we ask the tough questions on how to get the most out of your transformation. In our previous discussions, we introduced the DM Maturity curve and discussed how carriers can define their current ...read more
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Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes

Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government's new flood-risk rating system. Some policyholders could see premiums drop under Risk Rating 2.0, which officials have said is designed to be more equitable and accurate, reflecting... read more
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Marsh McLennan Commits to Net-Zero by 2050

Marsh McLennan has made a commitment to achieve net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company said it will also set an emission reduction target aligned with the Science Based Targets initiative's criteria. Marsh McLennan's net-zero commitment is detailed in its new Environmental, Social and Governance... read more
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Lexington Insurance Pulling Out of Florida, Other Markets for High-End Homes

Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking for coverage. And those homeowners likely won't be able to turn to Citizens Property Insurance Corp., the state-backed insurer of last resort, which insures homes only up to $700,000 in much of the state, the... read more
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Lloyd's Lab Selects 11 InsurTechs to Test Decarbonization, Climate Change Solutions

The Lloyd's re/insurance marketplace announced the 11 InsurTech startups that will join the eighth cohort of the Lloyd's Lab in its 10-week program. Lloyd's Lab, the market's innovation accelerator, brings together InsurTech, insurers and brokers to test new, innovative solutions. The teams will be working to create insurance products to address the issues and challenges... read more
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CAS Releases Additional Reports on Race and Insurance Pricing

The Casualty Actuarial Society has released two new research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential racial bias in insurance pricing. "Defining Discrimination in Insurance" defines terms such as protected class, unfair discrimination, proxy discrimination, disparate impact, disparate treatment and disproportionate impact, providing historical and... read more
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Research and Webinars

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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How to Move Beyond Digital Transformation

Michael DeGusta (who started his career at Apple.com and later co-founded the ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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