Insurers explore whether decentralized finance may be a step they want to take with several placing initial markers in the space. Possibilities included making and taking payments, investments or even technological improvements. One key barrier to adoption: volatility.
Life insurers, led by MassMutual, are taking steps to enter the often-tumultuous world of cryptocurrencies like Bitcoin and Ethereum as they move out of the shadows and into the mainstream.
Startups have found a home in well-established reinsurance hubs as well as emerging locales.
Reinsurers are benefiting from rapid access to insurtechs’ high-quality data.
The insurance industry wants a government-assisted business interruption gap fix before the next pandemic hits.
Insurers must clarify cyber policy wording, specifically causation coverage, going forward.
Leaders establish the vision and direction of an organization and guide transformation according to culture, capabilities and resource allocation.
The amendments also will allow captives to write parametric coverage.
The August issue also includes coverage of the reinsurance sector and a ranking of the largest insurers in Russia and Kazakhstan as well as the largest risk retention groups, based on AM Best data.
It’s also important for marketers to tell their story and their organization’s societal impact so consumers can align themselves with their brand and products, said Wharton’s Americus Reed II.
The federal illegal status of cannabis has limited many carriers from coming to the market and opening it up.
The pandemic presented challenges for Russian insurers in terms of both the asset and the liability sides of their balance sheets. It also highlighted the increasingly important role of technology and innovation in the industry.
Cyber insurers are reacting to the consequences of ransomware attacks as a new AM Best report says the trend in cost containment is disturbing.
Also, Gallagher Re appoints new chief executive officer, Scor names new CEO for Canada operations and ABI director general to step down.
Outdated technology has brokers at a disadvantage with newcomers ready to pounce.
Updating state rate filings can reduce loss ratios and improve market share. However, many insurers face bottlenecks in their technological processes.
Howard Kunreuther and his co-editors also highlight the importance of combining risk assessment with risk perception.
The CarInsurance app enables users to save on auto coverage, said Penny Gusner, consumer analyst.
Other trending research includes a report on IFRS 17, the Florida market and Best’s Impairment Rate and Rating Transition Study.
Professionals also discuss the effects of the COVID-19 pandemic on the auto insurance industry.
Greenhouse Life, United International and Global Hawk Property and Casualty are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
All eight founding members are already individually setting science-based 2025 decarbonization targets for their respective investment portfolios in line with a net-zero transition.
Several insurers around the world are offering reduced premiums and discounts on travel and other services to individuals who receive at least one dose of the vaccine.
Home Sweet Homepage: State Farm and Kaiser Foundation lead web analytics provider Semrush's ranking of the world's largest insurers based on net premiums written.
Also, industry professionals discuss employees’ return to the workplace and how the most successful insurers will use artificial intelligence to the fullest.
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