Commercial insurers are engaged in coverage language rewrites en masse this year, but "The Great Policy Rewrite" faces some serious obstacles, a coverage lawyer said recently. Even if carriers are ...
At a time of great crisis, chief risk officers have stepped forward to bring their unique skillsets to bear in assessing the strategic and financial impact of both the pandemic and the recession and ...
Hello, devoted COVIDigation Nation readers. This is article two in a series tracking insurance lawsuits related to COVID-19 business claims (i.e., COVIDigation). It's kind of like a serial comic ...
When Scott Gunter contemplated making a move from being president of a commercial insurance division of Chubb to become chief executive officer of AXA XL, he felt the timing couldn't be better. AXA ...
How many books of business could flourish with a renewed investment in service? We see neglected or underappreciated books all the time. A carrier will abandon a book with a bright future because it ...
The COVID-19 pandemic has caused severe levels of disruption to economies around the world and has affected businesses of all sizes—and the insurance industry has been caught in the middle of the ...
Sometimes we get in our own way. We think our ideas are crazy and rationalize them away because we see too many hurdles to overcome. Before we know it, we've tossed aside an idea that could have made ...
Hemant Shah is experiencing those old feelings again: exhilaration combined with occasional doses of being overwhelmed. Shah, co-founder and former CEO of catastrophe modeling firm RMS, is in the ...
We can easily meet our boss's deadlines. We can get to the airport with time to spare before our flight. We can submit the team report a day before it is due. And yet, many of us let the goals and ...
Much discussion of casualty catastrophe is consumed with talk of the "next asbestos," the $100 billion insurance loss caused by a ubiquitous mineral used for insulation and other products that is now ...
Back in 2015, Douglas Ver Mulm was co-founder of Vervoer Rideshare Fleet, which runs and manages rideshare vehicles in New York City—a side gig when he was a lawyer at Mercer handling data security ...
Insurers are increasingly using reserve transactions such as loss portfolio transfers and adverse development covers to liberate capital supporting past reserves and redirect it toward premium ...
It's been said that necessity is the mother of invention. That proverb took on new meaning for insurers and reinsurers as they successfully scrambled to conduct business digitally at the onset of the ...
Reinsurance price hikes and capacity changes are not reminiscent of prior hard markets, participants said in quasi-Rendez-Vous meetings, with some going as far as to say that current price changes ...
When John Beckman of QBE North America talks about his role as a chief underwriting officer, the "recovering actuary" and former chief risk officer of CNA repeatedly refers to the need to look for ...
Pricing and underwriting are critical aspects for the effective functioning of the property/casualty insurance industry. Successful companies recognize the need for a strong connection between these ...
When Donna Nadeau started tackling the responsibilities of her new role as chief underwriting officer for the Americas at AXA XL in recent months, she turned her focus to talent as a top agenda item. ...
The small business sector is widely acknowledged to be an important part of the commercial insurance market. However, this business segment's relationship to the high-net-worth market for personal ...
If you grew up in New York in the 1960s like I did, you witnessed a miracle. The New York Mets, a major league baseball team that had been known as the "lovable losers" for their entire existence, ...
Being a good leader simply isn't good enough. But you can achieve greatness by upping your leadership game. Start by honing your communication skills, building trust and learning to be more ...
QR codes are a convenient tool for touchless transactions and services, but they may also open the door for hackers. Leakage from 5g wireless networks may impact weather forecasts. Amazon's new ...
When InsurTech entrepreneurs like Assaf Wand, Max Simkoff and Dan Preston set out on the path of bringing groundbreaking ideas to life in the insurance industry, they heard a lot of negative talk ...
Archipelago co-founder Hemant Shah described the company as a risk data platform that uses artificial intelligence to digitize risk for large owners of commercial property. By doing so, the goal is ...
