Insurers are moving from static data sources to real-time, dynamic information, but privacy concerns have emerged as an imposing obstacle.
An explosion of data and advancements in analytics is shifting underwriting from an art to a science.
The race to develop accelerated products has driven life insurers to cautiously embrace the next generation of data.
Consumer and medical wearable devices are opening up a new data portal for health insurers, but many are still grappling with how to use that information.
Stanley Galanski, president and CEO of Navigators: To build a successful company, focus on communication, results, authenticity and people.
From the Editor’s Desk: Insurers gain a clearer picture of risk with their use of data. May’s issue also looks at industry innovation and how an insurer is hoping to alleviate concerns about the reintroduction of the Eurasian lynx in England and Scotland.
Insurance policies have no shortage of clauses and endorsements. Insurers, however, often have little idea of the promises being made or the exposures they are covering.
A U.K. specialty insurer is trying to alleviate the concerns of sheep farmers who are concerned about a push to reintroduce the extinct lynx in England and Scotland.
Methodology and Criteria (Excerpt): Scoring and Assessing Innovation
AM Best’s Mosher: We’re looking much more closely at insurers’ wildfire risk.
Life insurers are using digital health data to streamline the underwriting process.
Rules need to manage privacy and cybersecurity developments without suppressing insurers’ uses of data.
Also: H.W. Kaufman Group appoints its first chief compliance officer, MetLife makes executive changes; and founder of NAPSLO dies at 87.
Industry professionals discuss with AMBestTV how innovation is impacting the insurance industry.
An AM Best webinar examines how social media is increasingly being used in insurance claims investigations. Also, panelists look at new technologies such as the internet of things that are poised to further transform homeowners coverage.
Also on AMBestTV, Novarica’s Wein on Boeing’s woes and AM Best’s Keenan on insurtechs and innovation. AMBestRadio presents discussions on leadership skills and blockchain.