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Today's Headlines September 14, 2022

AM Best Viewpoint: The Value of MGAs in a Hardening Market

The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which underscores the premium growth prospects for the overall managing general agent (MGA) segment. AM Best estimates that the total premium written through... read more
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Auto Insurance Loss Costs Not Coming Down; Bigger Rate Hikes in Second Half: Allstate CEO

Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year. Speaking at the Barclays Global Financial Services Conference on Tuesday, Allstate President and Chief Executive Officer... read more
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 Brand Spotlight 
What you should know about just-in-time appointments

Managing producer compliance and credentialing is inherently complicated–that's why we're working to make it easier. With the help of regulatory experts, we've provided answers to some common questions about the practice of just-in-time appointments. Where did just-in-time appointments originate? There's specific language in the PLMA ...read more
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Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO

At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an InsurTech CEO says automation of the activity is speeding his company's actuarial rate indications regulators' desks. "We had a loss ratio better than GEICO" in the first half of 2022, "and ours is continuing to trend... read more
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Gallagher Re Launches Academic Research Center

Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re's Global Analytics & Advisory center of excellence and led by Dr. Tina Thomson as global head of Research, the GRC is a collaboration hub for academic, research and other institutions. It will provide access to independent,... read more
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SPONSORED BY: SOCOTRA

What (and what not) to do for a successful product launch

Survival for carriers and insurtechs alike depends on the ability to launch new products quickly and on a budget — all while tailoring them to customer demands. Check out these five hard-earned lessons that distinguish the most successful insurers from their peers.... read more
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U.S. Commercial Insurance Prices Increased 6% in Q2: WTW

U.S. commercial insurance prices increased by nearly 6 percent during second-quarter 2022, according to WTW's most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during Q2 2022 with those charged for the same coverage during the same period a year ago. The CLIPS report showed "significant" price increases... read more
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Lockton Re Launches Capital Markets Arm

Lockton Re announced Sunday that the broker has formed Lockton Re Capital Markets (LRCM), designed to serve clients by accessing broader pools of capital and providing complementary solutions to existing client offerings. "This investment underscores our commitment to building a world class reinsurance business, capable of accessing all capital providers, across all product categories to... read more
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Twitter Whistle-Blower Describes 'Ticking Bomb' of Security Gaps

Twitter Inc.'s security lapses were so grave that they threatened national security, the company's former head of security-turned-whistle-blower told senators on Tuesday. Speaking before the Senate Judiciary Committee, Peiter Zatko, also known by his hacker name "Mudge," said Twitter was a decade behind necessary security upgrades, which he described as a "ticking bomb of security... read more
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Research and Webinars

How a Managed Repair Technology Ecosystem Can Increase Efficiency and Accuracy

Insurers face formidable challenges when it comes to the end-to-end handling of ...
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The Importance of Relationships Over Technology

Artificial Intelligence is going to be a major key to growth in this decade. ...
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2022 Hurricane Exposure Report

Arturo's Hurricane Exposure Report analyzes 17,398,366 single-family residences ...
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Insurance Leader Shares Best Practices, Post-Transformation

Transformative projects are never easy, but with the wisdom of your peers, you ...
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Digital-First Versus Traditional Telephony Approaches

The Property and Casualty (P&C) insurance industry is being dramatically ...
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Media

Inflation $30B Impact: McKinsey’s By-Line Breakdown

InsurTech Newsletter


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