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Today's Headlines April 13, 2022

Who Owns Tesla Performance Data?

At the end of an interview with the founder of Quantiv Risk, an InsurTech that helps carriers make sense of performance data from vehicles with advanced driver assistance systems, Carrier Management posed a big picture question: Who owns the data—the consumer or the car maker? Mike Nelson, who has decades of legal experience in insurance... read more
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War With Russia Will Shrink Ukraine Economy 45%, Says World Bank

The World Bank says Ukraine's economy will shrink by 45.1 percent this year because of Russia's invasion, which has shut down half of the country's businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to the war, meanwhile, are... read more
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 Brand Spotlight 
5 Ways to Get More Value from Auto Insurance Underwriting Data

Insurers' quest for "big data" helps them segment and price risk more precisely, but competitive pressures and ever-expanding digital information sources call for a simultaneous pursuit of cost-efficiency. Rich, refined data can drive decisions that help auto insurers boost their competitive position. It's crucial to ...read more
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AF Group to Purchase AmeriTrust

AF Group, a holding company whose affiliated brands provide specialty and workers compensation insurance across the U.S., has entered into a definitive agreement through its subsidiary Accident Fund Insurance Company of America to purchase AmeriTrust Group from Fosun. The acquisition is expected to be completed after regulatory approvals. Financial details of the transaction were not... read more
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AIG Announces Key Leadership Changes

American International Group Inc. has named Tom Bolt as executive vice president and chief risk officer, AIG, effective immediately. He will report to Peter Zaffino, chairman and chief executive officer, AIG, and has joined the AIG Executive Leadership Team. Bolt has served as chief underwriting officer, General Insurance, since 2018. He joined AIG from Berkshire... read more
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U.S. Gunmakers Urge Judge to Toss Mexico's $10B Lawsuit

A U.S. judge on Tuesday questioned whether allowing Mexico to sue U.S. gun manufacturers for facilitating the trafficking of weapons to drug cartels would open the door to other countries suing them, including Russia over firearms used by Ukrainians in the ongoing war. U.S. District Judge F. Dennis Saylor in Boston raised that prospect as... read more
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Executives on the Move at QBE Re, Duck Creek, Marsh McLennan

QBE Re has appointed Tim Barber as interim head of U.S. Treaty. He will be based in New York and be responsible for all of QBE Re's reinsurance business in North America, reporting to Steve Postlewhite, global managing director of QBE Re. Chris Larson, head of U.S. Treaty, is stepping down from the role for... read more
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One or Two Days in the Office Is the 'Sweet Spot' of Hybrid Work

Just one or two days in the office is the ideal setup for hybrid work, according to a new study, as it provides workers with the flexibility they crave without the isolation of going fully remote. The findings, in a paper from Harvard Business School, were based on an experiment in the summer of 2020... read more
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Research and Webinars

Data-Driven Property Intel for Faster Customer Relief

Better serve policyholders across your insurance workflows with powerful ...
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Hit the Gas: How to Find High-Quality Data Providers to Accelerate Small Commercial Underwriting

According to Harvard Business Review, low-quality data costs U.S. businesses ...
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Strengthen Your Core: Discover How 5 Core Commercial Property Attributes Can Help Empower Data-Driven Underwriting

Evolve from "good enough" to actionable data to empower your underwriting. Stop ...
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Turn Photos into Action with Artificial intelligence

Today, there are four major forces that are putting pressure on the property ...
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Developing a Digital Payment Experience that Meets Customer Needs & Expectations

Recent studies indicate that consumers are willing to switch insurance ...
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Media

EP. 34: Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics

InsurTech Newsletter


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