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Reinsurance Pricing Technology For Hard and Soft Markets
Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company's reinsurance price optimization technology works best in a soft market, when there's a lot of ...
Why Reinsurance Prices Are Wrong—and How to Fix Them
Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the ...
Executive Viewpoint: Top Reasons Insurers Decline Cyber Insurance
Insurers make money by assuming the business risks of their customers for a fee. They make a profit only if the estimated aggregate cost of the risk for all their customers is less than the aggregate ...
ITC Reporter’s Notebook: How Next, Root and Swiss Re Are ‘Adapting’ and Innovating
Over the course of the last six years, Next Insurance has adapted its business model, its distribution method, and its product offerings. Coming up next, the InsurTech aims to offer "adaptive ...
Carriers Moving Toward Independent Models Will Need to Provide Support to Reap Benefits
The property/casualty insurance market is seeing its biggest shake-ups in recent memory. New players, shifting customer expectations, consolidation and new operational models have all hit the market ...
The Value of a Handwritten Note
Do you remember the last handwritten note you received? Even more, do you remember the last handwritten note you sent? With our technologically enhanced communications, it is just so convenient to ...
Time to Team Up for Climate Resiliency
Climate change is a critical conversation for the financial services sector, and in particular, the insurance industry. The science tells us the future holds more intense weather patterns and ...
COVID Fallout: Insurers Must Address Evolving Small Business Risks
During the past 18 months, the COVID-19 pandemic has wreaked havoc on thousands of U.S. small businesses and created unprecedented challenges for them as well as for their insurers. Amid numerous ...