Travels in Time: The Future of Commercial Insurance Underwriting

Making Commercial Underwriting Transformation Happen: Meet the Technology Players

Carriers and MGUs like QBE NA, Nationwide and Coterie Insurance aren't going it alone as they carry out their missions to transform commercial insurance ...

The Road to 2032: Big Changes Ahead for Commercial Underwriters

Leaders of property/casualty insurance companies writing commercial insurance are expecting the world of property/casualty underwriting to look radically different by the ...

AI Insurance Takes a Step Toward Becoming a Market

Back when Munich Re launched the industry's first insurance coverage for artificial intelligence (AI) at the end of 2018, the policy, aiSure, found few takers. In ...

Underwriters of the Future: 100% Digitized or Super Human?

At Coterie Insurance, an MGU on a mission to bring speed and simplicity to small business insurance, a 100 percent digital underwriting process is in place. Coterie ...

Commercial Underwriters on a Never-Ending Journey: Meet the Transformers

Carriers and MGUs have embarked on missions to transform experiences of overwhelmed commercial insurance underwriters and their frustrated distribution partners with ...

Underwriting

Underwriting the Transition: Chaucer, Moody's Break New Ground With ESG Scorecard

As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. ...

Broken Promises? Policyholders React to Cyber Insurer Exclusions, Claim Denials

Colonial Pipeline, JBS, Kaseya and other major attacks of last year have demonstrated that if ransomware wasn't already a common part of the global vocabulary, it ...

Actuaries vs. Underwriters: Behavioral Scientist Explains the Age-Old Battle

When a cognitive bias expert gave the keynote address at a Casualty Actuarial Society meeting in May, he called actuaries the unsung heroes and heroines of their property/casualty insurance ...

The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency

With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new ...

Critiquing Cyber Insurance

Josephine Wolff, associate professor of cybersecurity policy for The Fletcher School at Tufts University, who spoke to Carrier Management about growing gaps in ...

Pricing

Unlocking the Value of Intelligent Automation for Actuarial Ratemaking

Back in the day doesn't mean what it used to. In most cases, that phrase refers to a time many years ago. But with the world changing as quickly as it is, back in the day ...

Avoiding the Black Box: How to Apply Machine Learning to Actuarial Pricing

Applying machine learning to pricing and actuarial workflows is becoming easier due to advances in technology and increasingly accessible platforms. These complex ...

InsurTech Profiles

Leading in an Industry He Once Shunned, wefox CEO Aims to Make Insurance Fast and Simple

When Julian Teicke was a teenager, the lavish events his insurance broker father attended with other successful agents struck him as out of proportion to their essential ...

Leadership and Management

Congress Examines Insurer Diversity; Results 'Disappointing,' Lawmakers Say

The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push across the industry, there was little change in racial, ...

Going the Distance: How P/C Insurers Can Put Strategic Plans Into Action

I think everyone will agree that planning what direction a company will take for the next few years takes a bit of effort. After all the ...

8 Tips to Help Prevent Quiet Quitting

At least half of the U.S. workforce is "quiet quitting," according to Gallup. These workers are still fulfilling their basic job duties, but they're no longer willing to put in extra (unpaid) hours, ...

Technology and Automation

Meet the New Kid on the Block: Embedded Insurance

There's a new kid on the InsurTech block, and it's seeking to make the insurance experience faster and more personalized with embedded insurance. Embedded insurance is an emerging area of the ...

Embedded Insurance Is the Future, ITC Panelists Say

Panelists at the Insuretech Connect conference at Mandalay Bay in Las Vegas this month claimed embedded insurance is the hottest topic in the insurance industry right now. While opinions may vary, it ...

Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past

The first insurance company in the U.S., The Friendly Society, was established in Charleston, S.C., in 1735, according to the Insurance Information Institute's insurance ...

Risk Alerts

Unsyncopated Clocks: 'Fire and Flood' Book Highlights Insurers' Climate-Change Late Show

Scientists have been sounding the climate-change alarm for decades. But despite these dire warnings, a large swath of the public still refuses to believe, and both policymakers and businesses have ...

What's Next: Are Social Media Addiction Lawsuits Just the Beginning?

The lead-up to mass litigation in the United States has a predictable sequence: Commercial enterprises unleash a new technology that delights consumers and garners handsome profits for ...

Here to Stay: Why 'Weather Whiplash' Is a Growing Concern for Insurers

If you think the weather these days feels like a seesaw, you're not alone. Consider the following: In Colorado last year, a prolonged spell of unusually warm, dry conditions and one of the deadliest ...

From the Editor

Looking Into the Future: Writing, Underwriting and Generative AI

In an age where anyone with a computer can be a graphic designer, it's no surprise that magazines are starting to experiment with using artificial intelligence to create ...