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A funny thing is happening on the way to the future. As the behaviors, attitudes and expectations of consumers and carriers have been changing, independent agents are evolving to better serve both. ...
The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some ...
An API, or application programming interface, provides an interface between two systems that specifies how software components should interact. Cytora's API platform for underwriting provides access ...
Twenty-five years ago, the Lloyd's of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in ...
One of the most challenging things about liability insurance is that claims on this year's policy might be made well into the future. If exposure to a chemical, product or business activity this year ...
2018 marked the 13th consecutive year in which the industry saw favorable prior-year reserve development bolstering calendar-year underwriting margins. Total releases for last year came in at over ...
Well before the "Future at Lloyd's" project, the market began pursuing modernization, Chairman Bruce Carnegie-Brown noted. For example, the market has been pushing to digitize the way risks are ...
It is an InsurTech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making ...
The underwriting behind most commercial insurance is a marvel of steadfast, gradual iteration. It stretches back to the 14th century, after all. In my experience running a commercial insurance ...
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 ...
Elad Tsur, co-founder and CEO of Planck, (previously known as Planck Re), has had a busy year with an eye on disruption. Planck, based in Israel with offices in New York, launched in 2016 hoping to ...
Executives of property/casualty insurance carriers have been offering reassuring statements about the trajectory of the market lately. Premium rates are keeping pace with loss costs, they say. But ...
Today's workplace is more focused on productivity and engagement than ever before. There are countless resources and strategies for getting employees to care more about their work and get more done. ...
Research published earlier this year by Chadwick Martin Bailey (CMB), a subsidiary of global engagement agency ITA Group, found that emotional benefits are among the top psychological drivers of ...
Whether your company operates under a traditional 9-to-5 workday or your employees have adopted a 24/7 workflow, it is crucial to ensure that insurance executives have an understanding of engagement ...
Five types of psychological benefits are critical to driving employee engagement, a research firm reported earlier this year, also revealing that personal identity benefits and emotional benefits are ...
Cytora had its genesis as an InsurTech startup at Cambridge University's technology incubator. In fact, Richard Hartley, CEO and co-founder, said it was the first company to be funded by the ...
