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Today's Headlines October 17, 2022

The Secret Life of an InsurTech CEO Leading a $5B MGA

In the early aughts, when Shardul Shah first met technology entrepreneur Joshua Motta as undergraduates at the University of Chicago, Motta seemed unusually reserved. "I found it challenging to meet his intellect," said Shah, a partner at venture capital firm Index Ventures. "As a consequence, [our discussions] were more about me than him. I really... read more
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Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts

Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an Australian billionaire. Companies including petrochemical and consumer goods firms may be liable for the cost of cleaning up plastic pollution, while emerging legal pathways to... 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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New Data Suggests Dangerous Driving Trend Is Slowing, Slightly

Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business shutdowns is beginning to abate. The National Highway Traffic Safety Administration said that for the second quarter of 2022, from April to June, the number of fatalities on U.S. roadways declined after seven consecutive quarters... read more
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Four in Five of World's Cities at Risk From Heat Waves, Floods, Droughts: Study

Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP showed on Thursday. CDP's report "Protecting People and the Planet" surveyed 998 cities from across the globe and showed that in addition to 80 percent facing extreme climate events, for... read more
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Executives on the Move at Canopius, Cowbell, Hiscox

Canopius Group, a global specialty re/insurer, has hired Coleman V. Johnson as its chief underwriting officer U.S. and Bermuda. Johnson brings more than 20 years of multifaceted underwriting and insurance leadership experience to his new role. Most recently, he served as senior vice president and CUO, Middle Market for Liberty Mutual, where he drove significant... read more
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AXIS to Stop Insuring Energy, Mining Without Backing of Indigenous Communities

Reinsurer AXIS Capital said it would refuse to underwrite energy, mining and other projects that did not have the backing of local indigenous communities, in a move welcomed by campaigners as setting a new industry standard. The decision follows years of protests from communities, particularly in the developing world, that argue their voice is often... 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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Using "Unified Identity" to Eliminate Friction and Streamline the Customer Data Lifecycle

Missing data. Duplicates. Departmental silos. Privacy laws. Vanishing cookies. ...
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AM Best’s Market Share Report: Environmental, Social and Governance Risk Considerations Affecting this Market

In 2021, US crop insurers achieved favorable results, with record high premium ...
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The Role of Human Underwriters in the AI Future

AI underwriting is here: Are you ready? What do you think of when you think of ...
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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

Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past

InsurTech Newsletter


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