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Today's Headlines August 22, 2022

Embracing the 'Future of Work' in Insurance

As a native of St. Lucia in the Caribbean, I knew immediately when I moved to the United States that I was different. From an early age, seeking to understand others was the primary way in which I processed the world around me, and it's an approach that has carried over to my professional career... read more
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Reuters Events
 

Lloyd's Insurers Must Exclude State-Backed Cyber Attacks to Avoid Systemic Risks

Lloyd's insurers must exclude state-backed cyber attacks in standalone (or affirmative) cyber policies, according to a Lloyd's market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed cyber attacks. "Lloyd's remains strongly supportive of the writing of cyber attack cover but recognizes also that cyber-related business... read more
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 Brand Spotlight 
Cars are getting smarter and safer: How smart devices affect the insurance market

On the way out of his front door, Michael grabs his car keys, wallet, and phone. He opens his vehicle app, taps a few commands, and his car is unlocked with the engine running and the climate controls adjusted before he even grabs the door ...read more
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Insurers Anticipate Staffing Increase Over the Next Year Despite Recruiting Difficulty: The Jacobson Group

Most insurers (68 percent) plan to increase staff during the next 12 months, while only 5 percent anticipate a reduction in the number of employees, according to the Semi-Annual U.S. Insurance Labor Market Study by The Jacobson Group. Overall recruiting difficulty remains at its highest point in the study's 13-year history, with technology, actuarial and... read more
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P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman

The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line. Loss pressures and a hard P/C market are expected to continue due to inflation, supply chain disruptions and geopolitical risk, according to the latest... read more
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COVID Impacts Linger in Courtrooms, Often a Disadvantage for Defendants

Courts have reopened and trials have resumed, but the impacts of COVID-19 continue to linger in the judicial system, a panel of claims litigation experts said during the Combined Claims Conference on Thursday. For one thing, jurors are far more sympathetic to plaintiffs if there is any indication that safety rules have been ignored, said... read more
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Successful Women Make the Best Advocates to Help Other Women Move up the Ranks

Female job applicants with recommendations from other, highly tenured women have the strongest chance of getting a job offer, according to new research from the University of California San Diego's Rady School of Management. The study examines the impact personal references have on hiring decisions because who you know is often just as or more... read more
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Research and Webinars

Utilizing "Insurance Intelligence" to Predict New Risks

Artificial Intelligence is going to be a major key to growth in this decade. ...
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The State of Gulf Homes: 17 Million Single-Family Residences Analyzed

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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A Path to Digital Transformation

With all the technology available today, "going digital" might sound easy. But ...
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Reducing Commercial Auto Risk Exposure for Incomplete Trucks via Accurate Data & Automation

It's likely that 65% of commercial trucks on your books are undervalued. ...
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Optimal Straight-Through Processing Rates

For many carriers, providing an exceptional digital experience for agents is a ...
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Media

EP. 44: What the COVID-19 Digital Threat Landscape is Teaching Insurers Post-Roe

InsurTech Newsletter


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