| Today's Headlines | July 6, 2022 |
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| The theme of transitions is a fitting one, which ties together many of the articles in Carrier Management's midyear digital magazine. We're publishing soon after the start of summer, and the weather is changing. People are increasingly emerging from COVID-induced isolation. And businesses, including P/C insurers are transforming their workplace policies to conform to new... read more |
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| Many property/casualty insurance carriers have adopted telematics to tackle some of the most pressing challenges related to efficiency and safety. This adoption is generating tremendous data. In fact, back in 2014, McKinsey stated that a connected vehicle generates 25 gigabytes of data every hour, on average. (See also, Statista Chart, "Big Data on Wheels," Feb.... 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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| Automation enhances industry, but it's harmful to the mental health of its human co-workers. A University of Pittsburgh study suggests that while American workers who work alongside industrial robots are less likely to suffer physical injury, they are more likely to suffer from adverse mental health effects — and even more likely to abuse drugs... read more |
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| Europe's landmark test of banks' resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in the European Central Bank's climate stress test didn't result in losses that would make a meaningful dent in capital buffers, said officials at six big... read more |
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| MarketScout said commercial property/casualty rates in the U.S. during the second quarter of 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9 percent. Increases were 6 percent in first-quarter 2022 following an average increase of 5.8 percent in the fourth quarter of 2021,... read more |
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| Insurance technology vendor Vertafore has acquired MGA Systems, a provider of software for managing general agencies based in Melville, N.Y. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will be integrated into Vertafore's suite, strengthening Vertafore's offering for MGAs. MGA Systems, which is headed by John Bennis, provides... read more |
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| Leading insurers are already implementing digital engagement solutions for ...
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| The Property and Casualty (P&C) insurance industry is being dramatically ...
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| Analyzing data from 8,520 consumers, this new report from GIACT (a Refinitiv ...
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| Based upon Utica First's own implementation experience, VP of Operations, ...
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| Utica First Insurance transformed agency engagement with innovative ...
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