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Today's Headlines February 24, 2022

The Facts About 2021 Wildfires; The Outlook for 2022

The 2021 wildfire season in the Western United States was another one for the books, breaking records for size and destruction right up to the last day of the year. The last wildfires of 2021 were two grass fires that started in Boulder County, Colo., late in the morning of Dec. 30. The first, the... read more
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Travelers Acquires Tech Assets of InsurTech Trōv

Trōv, an early InsurTech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire its technology assets. Trōv's insurance technology—APIs and software—is dedicated to the B2B2C world of embedded insurance. Trōv did not disclose financial terms of the deal and... read more
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 Brand Spotlight 
Small commercial insurers get a clearer picture of risk exposure with image analytics

Over the course of a year, small commercial insurers spend thousands of hours searching across websites and social media, collecting, and attempting to verify data to get a true picture of the exposure a business can bring. Advances in machine learning and artificial intelligence (AI) ...read more
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Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re

Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property-catastrophe market by 2040, said Gallagher Re. In fact, if the cyber market continues to grow at its current pace, it will exceed property or casualty in terms of annual reinsurance... read more
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ESG Litigation Over Social Issues Is Poised to Rise

Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be coming. More government and investor scrutiny of labor conditions and supply chains will boost the... read more
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SPONSORED BY: Korem

Price More Precisely with Geospatial Data

Over-pricing policies could trigger the loss of high-quality, lower risk customers, while underpricing may cause high-risk and low margin customers to be retained. More accurately and efficiently identifying policyholders is critical to maintaining a healthy and balanced book of business. This free webinar on Geospatial Technology explains how to integrate geoprocessing solutions into... read more
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MLTPLY Co-Leads $3.3M Investment in Mobility Insurance Startup Stable

MLTPLY, a company that helps InsurTech entrepreneurs bring their ideas to market, and Brooklyn Bridge Ventures have co-led a $3.3 million investment in Stable Insurance, an InsurTech startup using technology and new data sources to create fit-for-purpose insurance for owners of rideshare and carshare vehicles. "There is a lack of insurance built specifically for new... read more
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Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World

The decades-old oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar vintage dotted across the globe. That ship, still partially floating above the surface, was first launched 46 years ago when... read more
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U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights

The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer's free speech claim that she cannot be forced under a Colorado anti-discrimination law to produce websites for same-sex marriages. The justices agreed to hear Denver-area business owner Lorie... read more
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Research and Webinars

A Recipe for Disaster: Overlooking Geospatial Technology and Data for Enhanced Underwriting and Pricing Accuracy

Join us on Wed. March 9th, 10 am PST, 1 pm EST Over-pricing policies could ...
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The Ultimate Claims Management Platform Checklist

This must-read white paper illuminates the role technology plays in solving two ...
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E&S Startups Emerge To Take On Insurance's Biggest Risks

It's good to be in the E&S market right now. Indeed, E&S typically ...
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Digital Strategies & Shifting Priorities in Commercial Lines Insurance

Join Dave McKenna, VP, IT & CISO from Upland Capital and OneShield's ...
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P&C Technology Guide: How to Move Towards a "Predict and Prevent" Mindset

A 2020 U.S. P&C insurance performance analysis performed by EY showed that ...
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Media

Hard Market Profits Not Like 2001

InsurTech Newsletter


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