In the year ahead, insurers see plenty of challenges, including cyberrisk, growing catastrophe losses and lingering impacts of COVID-19. But, surprisingly, not all is gloomy.
Inflation across the economy could eat into investment margins that have dropped incrementally for the past decade from low interest rates. The open question is: Just how long could it be?
Insurers worry about increases in volume and speed, bodily injury possibilities and a higher frequency of losses from container or cargo damage within ports.
COVID-19 has created bottlenecks in ports and disrupted supply chains, thereby creating challenges for marine insurers and reiterating the need for communication and building close relationships with suppliers.
Founder Alex Matjanec hopes customers embrace the idea of life insurance tied to a changing set of obligations and life events rather than a set dollar amount.
Looking forward, housing demand will remain strong, but not at the same pace seen in the last 12 to 18 months.
Due to different policy language, it is difficult to identify clear trends and patterns in the law.
The insurance industry needs a new approach and novel solutions to support the cyber market.
Casualty insurance is needed to help manage climate-driven food safety risks and enhance industry resilience.
Actuaries need to adapt and “get up to speed” with new skills as artificial intelligence and data science present new challenges. Special Section sponsored by Johnson Lambert.
The December issue also includes Best’s Review’s annual listing of top auditors and actuaries as well as coverage of the marine insurance sector.
Ranked by loss reserves. Special Section sponsored by Johnson Lambert.
Some 24% of consumers think it’s acceptable to pad an insurance claim—at least one insurer is fighting back with a new business model.
The insurers were ranked by 2020 direct premiums written.
The insurers were ranked by 2020 direct premiums written
Risk managers now have a web-based app that can deliver insight into the field, professionals say.
Also, Aon appoints a new chief executive officer for its Nordic region and Beazley fills chief underwriting officer role.
Other trending research includes reports on reinsurance, surplus lines and workers’ compensation.
Beazley’s CMO shares opportunities and challenges created by the pandemic and the need for marketers to build an identity with consumers so they can become familiar with a company’s brand.
Professionals also discuss how identity management affects customer experience and helps reduce risk for commercial insurance carriers.
Transamerica Pacific, Sirius Specialty and Boston Indemnity are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Berkshire Hathaway leads web analytics provider Semrush’s ranking of the top U.S. Ocean Marine Writers based on 2020 direct premiums written.
Professionals also discuss cyberrisk, vaccine incentives and the technological transformation of the insurance industry.
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|Life Insurance Sales Are Up, But for How Long?|
|Top Global Insurance Brokers - 2021 Edition|
|Advancing Technology Exposes Insurers to Bias Risk|
|How Insurers Profit by Serving a Diverse and Inclusive Customer Base|
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