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Today's Headlines October 10, 2022

Real-Time Tech: Supply Chain Analysis Tools

Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, there are many additional threats to consider—such as second-, third- and fourth-tier suppliers as well as natural disasters, fires, strikes and sanction risks. However, without sophisticated technology... read more
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New and Revised Ian Loss Estimates, Images of Property Damage Published

On Friday, Oct. 7, RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers from Hurricane Ian. The low end of the range, coincidentally matched the high end of a range published by CoreLogic a day earlier for both private market insured losses and losses to be covered by... read more
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 Brand Spotlight 
3 Ways to Improve Your Policyholder Retention Rate

Customer retention is vital to success in any industry, but especially in the highly competitive insurance sector. The business has an exceptionally high cost of new customer acquisition, so retaining customers in insurance is a critical strategy for growing a business. That's why insurance ...read more
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Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments

Munich Re, the world's largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its website that as of April 2023 it would not invest or insure projects involving new oil and gas fields or new midstream oil infrastructure.... read more
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Hallmark Financial Sells E&S Ops to Core Specialty

On Friday, Hallmark Financial Services, Inc. and Core Specialty announced the sale of Hallmark's excess and surplus lines operations to Core Specialty Insurance Holdings, Inc. for roughly $40 million in cash. The business that Core Specialty acquired is the portion of Hallmark's Specialty Commercial Segment that it distributed through the wholesale insurance brokerage channel. Core... read more
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Executives on the Move at Hippo, Texas Mutual, Guidewire

Hippo has hired Kelly Wolf as chief human resources officer. She will lead Hippo's HR team and is responsible for critical people-centered functions including employee relations, talent acquisition and management, and leadership development. With 20-plus years of experience leading diverse HR organizations, Wolf joins Hippo from online retailer Zulily, where she was VP of People,... read more
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At a Glance: Summary of Ian Insured Loss Estimates

Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by four risk modelers so far (listed chronologically). Forecaster: CoreLogic Date: 09/29/2022 Range or Estimate: $28-$47 billion States, Perils Included: Florida Only; wind and... read more
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Research and Webinars

Timing is Everything: How to Expertly Leverage Just-in-Time Appointments

For some carriers, shifting from global appointing to a just-in-time policy ...
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Streamline & Automate Underwriting with Image Analytics

Get Critical Insights for Small Commercial Underwriting How much do you know ...
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How to Enable a Data-Driven Culture

Missing data. Duplicates. Departmental silos. Privacy laws. Vanishing cookies. ...
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AM Best’s Market Share Report: Market and Macroeconomic Factors that Are Pressuring Farmers’ Returns

In 2021, US crop insurers achieved favorable results, with record high premium ...
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IT Infrastructure and the Race for Talent

In this newly released State of Technology Survey report, carriers and MGAs ...
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Media

Before and After: Hurricane Ian

InsurTech Newsletter


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