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| | | | | | | Raise your AI IQ | | | | Artificial intelligence is poised to revolutionize small commercial underwriting. Learn how AI creates valuable insights, AI model challenges, and what comes next. | | | | | | | | Verisk | | |
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| Today's Headlines | June 15, 2022 |
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Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels like the Connecticut-based giant. "How does a small or regional company keep up with the scale of investments that a handful of... read more | | |
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Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. "Across the UK and U.S., fewer business leaders feel well prepared to manage geopolitical risks. Concerns about the possible consequences of war—notably, war and terrorism risks and economic unrest—are off the scale compared with the prior year,... read more | | |
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People often think change is expensive. But what about the cost of staying the same? When your insurance business doesn't invest in process improvements, including modern technology and automation, you run the risk of paying the price in the long run... read more | | |
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As Western wildfires force evacuations in Arizona and California — on the heels of an early and severe wildfire season in New Mexico — insurers are increasingly eyeing the growing risks. "Insurers are very much concerned about the wildfire situation," said Arindam Samanta, director of product management for Verisk Underwriting Solutions. "We are talking to... read more | | |
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The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn't reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his security team to figure out what the cyber strangers were up to. "What's happened is that we have an attacker who has been going through... read more | | |
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U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies (SPACs), arguing it could kill the industry. The American Securities Association (ASA), the SPAC Association and the CFA Institute are among groups warning that the SEC's proposed March rule would create... read more | | |
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Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire's pledge to give away nearly all of his net worth. Berkshire Hathaway Inc., which Buffett has run since 1965, said the donation comprises about 14.4 million of its Class B shares,... read more | | |
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Arturo, a PropTech company that delivers analytics from individual property to portfolio, and ICEYE, a SAR data provider and natural catastrophe service provider, announced a partnership. ICEYE's flood imagery that provides flood depth, extent, and duration data will combine with Arturo's portfolio and property characteristics data to give insurers the ability to estimate and triage... read more | | |
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| | Based upon Utica First's own implementation experience, VP of Operations, ... read more | |
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| | Utica First Insurance transformed agency engagement with innovative ... read more | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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