Content from Russ Banham
Russ Banham is a veteran insurance reporter, business journalist and best-selling author.
Legacy Processes No More: Insurers Engaged in Wide-Scale Efforts to Optimize Antiquated Processes
There's two ways for an insurance company to boost profits. The first option is to price products higher, and the second is to reduce operating expenses. Option No. 1 can be a dicey proposition, as ...
Happy Together: Yesteryear’s InsurTech Disrupters Are Today’s Broker Partners
A decade ago, startup InsurTech firms startled both insurance carriers and brokers with an expanding array of innovative tools leveraging emerging digital technologies. For brokers, the firms' ...
The Aftershocks of the Guy Carpenter-JLT Re Alignment
Now that the dust has settled following the historic merger of giant broker Marsh and Jardine Lloyd Thompson, the transaction's impact on the two firms' reinsurance broking units, Guy Carpenter and ...
Parametric Insurance Takes Off
Now that property and casualty insurance coverage terms for business disruption losses are gradually tightening, a singular insurance product used primarily to protect businesses against ...
Putting Insurer Innovation Under the Rating Agency Microscope
Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers' innovation efforts. ...
Visions of Commercial Transportation: The Future of Commercial Auto Insurance Is Here
For several years now, the commercial auto segment has been among the property/casualty insurance industry's worst performing lines. Wounded by a sharp uptick in claims frequency and severity and ...
Predictive Analytics in Practice: Carrier Executives Talk ROI
Back in April, A.M. Best cited the use of predictive analytics by carriers as a factor in improved bottom lines and balanced underwriting cycles. But exactly how are property/casualty underwriting ...
Prejudice and Pride on the Road to the C-Suite: The Story of XL Catlin’s CDO
Math has been the one constant in Henna Karna's life. The chief data officer of XL Catlin today heads up the data and digital transformation team at the global property/casualty insurer and ...