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If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing ...
Let's get a few things out of the way. First, I am not a data scientist or an actuary. I am an attorney interested in data. More specifically, I am interested in using data from disparate sources to ...
Social inflation is the primary explanation offered for the need to increase general liability and excess casualty premiums in the last two years. With social inflation, injured parties are more ...
While some observers reported a letup in social inflation during COVID-19 lockdown periods, reinsurance executives speaking at a recent conference said they fear U.S. jury verdicts and settlements ...
Next year I will be retiring from the National Association of Mutual Insurance Companies, an organization founded to advance the cause of member companies and their policyholders. It's been my work ...
There probably aren't too many people who think about insurance claims scenarios when they go out to buy ice cream. Chris Cheatham, the CEO of InsurTech Risk Genius, is one of them, according to a ...
For the average insurance consumer, the arithmetic is hard to ignore: The less insurers pay in claims, the more money they make. Thus is planted the seed of a doubt that so many policyholders seem to ...
Even before COVID-19, the property/casualty insurance industry was making the move toward digital in distribution as well as other areas of the business, such as claims and pricing. Ecosystems in ...
There are some algorithms in life that, even with the very best marketing, don't really matter too much. For example, if Netflix's recommendation algorithm points me toward the first episode of a ...
June 16, 2019, was a seemingly normal day on Florida's Turnpike in Orlando. Minivans were filled with families on their way to Disney; local Floridians were going about their daily routines. But ...
Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. "We think we're the only InsurTech firm involved in ...
Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry's products ...
The IPO of Lemonade in July highlights the value of leveraging ample reinsurance to move from startup phase to a public company, which the online provider of renters insurance pulled off in a scant ...
Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common ...
Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. "For a reinsurance MGA to be successful and to have a ...
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...
Chris Cheatham believes forming partnerships with QBE and Guy Carpenter were the two biggest milestones in the history of his company, RiskGenius, so far. But was there ever a time when he thought it ...
Early in 2020, I wrote a series of articles about insurance carriers that got top ratings on an online job site. To do my research, I had to sign up to provide information about my job. Ever since, I ...
Researchers from the University of Cambridge are worried that the "overwhelming whiteness" of artificial intelligence may remove people of color from humanity's vision of the future. Teens and young ...
Nearly six months into the global pandemic, many individuals and companies are still struggling to find their new normal. While some jobs might require employees to be on-site—whether in the office ...
A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as automated braking that stops the car when the driver is distracted or lane keep assist ...
