The giant innovator on the cover of this edition teases to the content in these pages, including the accounts of two executives of insurance industry giants, who describe investments in technology to make their operations more efficient.
At a time when inflation worries and investment volatility loom large, carriers like Nationwide and The Hartford are still growing bottom lines. They have spent hundreds of millions of dollars on technology in past years—investments that have ultimately resulted in lower-cost business models for 2022.
In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company's history—$2.8 billion in operating income with sales of over $50 billion, ...
While the insurance industry as a whole has delivered pockets of innovation, such as cyber insurance and digital distribution, few carriers do so consistently. This is part of the reason the sector ...
Given the highly competitive non-life market, and the depressed pricing that accompanies excess capacity, leaders in the global property/casualty insurance and reinsurance markets have found ...
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
The insurance industry has faced myriad disrupters during the past several years, ranging from the ongoing effects of a global pandemic to climate risks to technological advancements. However, the ...
On March 20, 2022, industry publication Road & Track caused a bit of a splash when it reported not only that German auto manufacturer Mercedes-Benz plans to seek approval for its "Drive Pilot" ...
Insurance carriers, are you and your defense counsel ready for the "perfect storm" of litigation that is coming once the pandemic is over? Are your teams trained to defend against the increasing wave ...
Voices in the insurance industry have recently called for the regulation of commercial litigation funding on the ground that it is "a key driver of social inflation." Such calls to action lack ...
When former accountant and roofing contractor Demetrius Gray talks about his personal journey to become founder of a fintech with ties to the insurance industry, he doesn't dwell on the challenges ...
As an executive and leader of a property/casualty insurance carrier, you are responsible for making consequential decisions that impact policyholders, employees, credit ratings, regulators, investors ...
Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn't the first time in ...
In this edition of Risk Alerts: the shifting gun liability landscape, outdated building codes, the possibility of a Cat 6 hurricane, and how copycat packaging is leading to accidental THC ...
Many insurers think they have climate casualty risk managed by virtue of avoiding writing the oil and gas industry or with limitations on their policies. Climate casualty risk is broader than this ...
According to an analysis of loss reserves published in mid-March by Assured Research, 2021 marked the 16th straight year that the U.S. P/C industry's loss reserves developed favorably—by about ...
U.S. property/casualty insurers represent a source of stability amid the recent tumult of socioeconomic disruption from the coronavirus pandemic. The industry strengthened its capital base and ...
Insurers around the world are going to be putting more of their firms' money into private equity and green bonds this year, according to an asset manager's recent survey of carrier investment and ...
The InsurTech industry is facing what experts say is a "leveling out period" after investment in the space accelerated during the pandemic due to changes in the workplace and a greater focus on the ...
The giant innovator on the cover of this edition teases to the content in these pages, including the accounts of two executives of insurance industry giants, who describe investments in technology to ...
