Insurers were venturing on a digital journey and innovating products prior to COVID-19. But the pandemic forced many insurers to fast-track some of those transformations that are now likely to have a permanent home in the industry. Special Section sponsored by Finys.
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An endless series of run-on days and anxiety for the life insurance industry has stretched into the first year of living in a COVID-19 world. An industry known for gaming out crisis responses now finds itself pondering which parts of the pandemic response will become permanent and where it can find growth. Special Section sponsored by Finys.
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COVID-19 forced many insurers almost overnight to shift employees into work-from-home arrangements and necessitated some to consider closing unused office space in what is the dawn of the new virtual workplace reality. Special Section sponsored by Finys.
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Life insurers are increasingly turning to bundled corporate-loan investment vehicles, which due to their structures offer a higher return than similarly rated debt.
The unavoidable changes wrought by the pandemic meant many employees were pushed out of their comfort zone.
Reinsurance market conditions and regulatory changes in the region are creating a better environment for captives.
A public-private partnership comprised of capital from a U.S. government agency, reinsurers, insurers and Lloyd’s syndicates uses data and analytics to insure vaccine supply chains.
Sampo said it sold 162 million shares of Nordea Bank to institutional investors last November for gross proceeds of €1.17 billion as part of the Finnish insurer’s strategy to focus on property/casualty insurance.
The pandemic has enlightened us over the course of the past 12 months. We should take care not to lose the wisdom imparted by these trying times.
This issue also includes a look at insurer investments in collateralized loan obligations and a listing of the largest European non-life insurers.
AM Best TV spoke with four industry experts about closing the protection gap that exists even in areas with frequent earthquake activity.
Now more than ever, innovative risk management practices demonstrate the unique value that carriers and independent agents deliver to their customers.
Most insurers reported the individual market and employer group segment were sticking with their existing carriers during the pandemic, which caused a decline in sales.
For any given loss, coverage depends on the language of the particular policy provisions governing the claim at issue.
A historian details the inequities of insurers practicing risk assessment using racial data.
The reasons for owning life insurance, along with consumer buying behavior, vary around the world. However, nearly everyone agrees it’s an important part of personal risk management.
Workers’ compensation premiums fell from $42 billion in 2019 to $38.6 billion in 2020 in a change that’s attributed to COVID-19, according to NCCI.
M. Steven Levy to retire and Marcus Winter moves into new role. Also, K. Douglas Briggs selected insurance professional of the year, Chubb names climate sustainability manager and the Association of Bermuda Insurers and Reinsurers elects officers.
Root Insurance is partnering with NASCAR’s Bubba Wallace, and insurers are accelerating their use of social media marketing to create long-term brand awareness and build trust and credibility with consumers.
Also, professionals discuss COVID’s trio of risks and lowering limits on child abuse and molestation coverage.
AM Best also comments on the stock market frenzy impacting social inflation for insurers that provide Robinhood coverage and UK business interruption.
Security Life of Denver is among the life/health and property/casualty insurers in the United States that have had a recent corporate change.
Professionals discuss how carriers are investing resources into analytics, how remote access and lifestyle changes are affecting insurance claims and how the insurance industry is tackling long-term care.
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