The International Monetary Fund estimates that, in aggregate, tourism-dependent countries’ GDP contracted by almost 10% last year due to curtailed international travel.
AM Best: A positive outlook on innovation in the auto insurtech space is reinforced by a continued record-breaking flow of funding.
Insurers are having to adapt to changes created by COVID-19, including the addition of communicable disease limitations to policies.
Insurance policies could be a “guide” for cybercriminals to determine how much to demand in ransomware attacks, said Erik Weinick, attorney and co-founder, Otterbourg P.C.’s Privacy & Cybersecurity practice.
Many are changing their careers in search of the flexibility, freedom and control that comes with being a life insurance agent. Here’s why.
The scale of the insurance industry plus its lack of technological sophistication have venture capitalists eyeing insurtechs.
Life insurers say they working to meet the challenge of retaining new agents.
Online life insurance distribution picks up steam after more than a year of business disruptions forced the industry to quickly pivot. The companies are finding scale in smaller, direct-to-consumer policies.
Once seen as a realm of buyouts and structured finance, private equity firms are learning to appreciate insurers for the lower yield and reliable credit markets they represent. Meanwhile, insurers stung by low interest rates see a chance for higher investment yields with private equity.
Employees want flexibility, but insurance is a relationship business. As the world returns to a new normal, companies that don’t prioritize relationships will be at a competitive disadvantage.
Human motivation should be at the heart of digital wellness design.
Neil Alldredge talks to AM Best TV about the organization’s future post-COVID and how mutuals’ unique business model serves them well.
The September issue also includes AM Best’s exclusive ranking of the Top Global Reinsurance Groups as well as an interview with NAMIC’s Neil Alldredge.
Private mortgage insurance has grown 19% from 2016 to 2020, reaching $6.4 billion in 2020, according to AM Best.
Ranked by unaffiliated gross premiums written in 2020.
Ranked by gross premiums written.
Recent sexual assault cases involving celebrities like Bill Cosby and Harvey Weinstein highlight the need for policies such as homeowners and personal excess liability insurance to cover defamation and civil claims.
The COVID-19 pandemic has increased exposure to the digital world and the frequency and severity of personal cyber crimes have become more prevalent.
Bryan Falchuk’s latest book also addresses how a new generation of carriers is rethinking customers’ evolving needs.
Also, Westfield taps former Vantage Risk head to lead new specialty venture and Beazley names new chief operating officer.
American Family Insurance extends its PGA Tour tournament sponsorship, and sectors like life insurance saw a drop in advertising spending last year during the pandemic while auto insurers slightly increased their spend.
The scheme covers costs incurred if lockdowns are reimposed that cause the cancellation of a live event.
The move follows on the heels of Coalition’s launch into the country’s insurance market in 2020.
Other trending research includes a report on the impact of ESG factors on AM Best ratings and a report on Florida’s difficult market.
Professionals also offer their thoughts on the captive insurance sector as well as current economic and industry outlooks for the Caribbean region.
WellCare Health Plans of Tennessee, Universal and Western General are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
The hard market in insurance has spurred many organizations to look at their risk and how to finance it.
Marsh: Organizations are increasingly seeking to offer a variety of insurance products to third parties and customers, with a digital-first delivery strategy.
Home Sweet Homepage: Web Analytics provider Semrush's ranking of homepage visits of the top US Life/Health Insurers based on admitted assets.
Also, industry professionals examine the effects of human services staffing shortages and the relationship between diversity and inclusivity and profitability.
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