Autonomous vehicles will have a huge impact on the personal insurance industry. Automation, robotics and the potential for on-shoring of manufacturing could have a major impact in the commercial insurance space. That, according to Kevin Surace, renowned American technology innovator, speaker, creator of a AI Based Software QA platform, and Inc. Magazine’s 2009 entrepreneur of the Year. He adds that …

Rohit Verma, Global COO of Crawford & Company, believes data will continue to be a big asset to insurers, and the companies that can mine data effectively will see the biggest benefit. While advanced technology is necessary to leverage data, companies need to develop the mindset to incorporate insights in day-to-day work. Mr. Verma also sees “lack of talent” as …

Insurance Information Institute (I.I.I.) CEO Sean Kevelighan sees the “disruption continuum” as the “new normal” for the insurance industry, and outlines the ways insurers can embrace resiliency when contending with catastrophes, geopolitical unrest, technological change.  He says the I.I.I. will “be doing our best to fulfill our mission, and hopefully it will promote a positive sense of the disruption that’s …

Ron Davis, Chairman of the Spencer Educational Foundation and EVP/Head of Customer Management at Zurich, explains why the insurance industry needs to attract and encourage young talent. He says there is a large number of people leaving the industry right now, and that is causing a gap…a need for people with the right skillset and attitudes. He notes that the …

“We have disruption all over… (and) the insurance industry deals with it.” That, according to Sean Kevelighan, President and CEO of the Insurance Information Institute (III), who spoke at the recent AAIS Main event in Florida. He notes that the insurance industry is accustomed to dealing with natural and man-made catastrophes, even technology, which a major disruptor right now. Mr. …

The insurance industry struggles to attract and retain next generation professionals.  Here, WRIN.tv speaks with Monica Ningen, Head Property Underwriting in the U.S. & Canada at Swiss Re about the Talent Gap in the insurance industry.  She was named to Business Insurance’s list of Woman to Watch in 2015, and shared her thoughts on the misconceptions about a career in …

Karen Furtado, a Partner at Strategy Meets Action, discusses “New Norms” and “Game Changers,” and how insurers can take advantage of emerging technologies. The “New Norms” happening in insurance are all around the tide of change.  Ms. Furtado looks at how the pace of change is affecting insurers and the risks they cover, their internal operations, new technologies and tools. She …

According to Chris Haines, Executive Vice President and Chief Operating Officer at Marias Technology, some insurance companies remain slow to adopt new technologies, while others may be too aggressive. He also wonders how recruiting new talent in technology will affect insurance. Mr. Haines points to an influx of new talent into insurance technology. This new talent is more familiar with accelerated …

In this edition of Issues in Risk Retention, host Joe Deems, Executive Director of the National Risk Retention Association (NRRA), welcomes Janice Abraham, President & CEO of United Educators, to discuss issues in assessing and insuring risks at educational institutions. Ms. Abraham recalls a time when the traditional property/casualty insurance market had “abandoned colleges, schools and universities.” At a time …

WRIN.tv spoke with Hamilton Insurance Group CEO Brian Duperreault during the recent IIS Global Insurance Forum about a number of issues facing the industry, including: Recruiting “Digital Natives” from millennials can help insurance industry disrupt from within Blue Marble Microinsurance to develop insurance solutions for the developing world Solvency II instills discipline around capital adequacy and framework for risk modeling …

FERMA President Julia Graham (Director of Risk Management and Insurance at DLA Piper) joins WRIN.tv from London to discuss progress FERMA has made on three key themes she introduced at the start of her tenure: profession, innovation and diversity. According to Ms. Graham, “they are not just words, but strategic actions within FERMA Ms. Graham says the themes she introduced …

    Arthur J. Gallagher CEO Pat Gallagher spoke with WRIN.tv during the 2015 RIMS Conference in New Orleans. Here, he discusses the top issues facing risk managers today, including cyber risk, healthcare legislation…and more. According to Mr. Gallagher, the most important issue facing risk managers is cyber risk, from “being hacked to just having information escape. “   While there …

Prior to an arm of Fosun Group announcing intentions to acquire the 80% of Ironshore it doesn’t already own, WRIN.tv spoke with Ironshore CEO Kevin Kelley during the RIMS Conference in New Orleans. Here, he discusses the top concerns of risk managers, the impact of the Affordable Care Act (ACA) on the insurance industry, and Ironshore’s growth plans for the …

Following Hurricane Katrina in 2005, RIMS held its first Community Service Day in New Orleans in 2007. With the 2015 RIMS Annual Conference returning to New Orleans, Community Service Day returned to its roots. RIMS Executive Director Mary Roth and the CEO of Zurich’s North American Commercial Division, Mike Foley, discuss a long-term commitment to community service and the resilience …

  A report published by ACE looked at the “critical risks facing the healthcare industry.” At the 2015 RIMS Conference, we spoke with Caroline Clouser, EVP – ACE Medical Risk Group, about the report, and what it means to healthcare risk managers. Ms. Clouser mentions several major issues facing the healthcare industry have been in the news lately, including emergency …

The 2015 Annual RIMS Conference will attract over 10,000 industry professionals to New Orleans.  Here with a preview is RIMS Executive Director Mary Roth. According to Ms. Roth, the top challenges facing risk managers heading into the conference are cyber and cyber security, global expansion and technology – including risks associated with technologies within the corporation. Risk managers are becoming …

Peter Miller, President and CEO of The Institutes joined WRIN.tv during the Joint Industry Forum in New York to discuss the many changes affecting the underwriting discipline over the past few years, including the impact of technology, data and the opportunities they present to underwriting professionals. Top three factors affecting underwriters today all revolve around technology Telematics, data analytics and …

Last week on WRIN.tv… Monday Morning Headlines, provided by SNL Insurance included: The Superintendent of New York’s Department of Financial Services seeking info on the impact of the expiration of TRIA…an effort now, with TRIA passing, somewhat unnecessary. Aon Benfield reported insured losses for 2014 will likely be about far lower than 2013, while SNL suggests the lack of major …

J.D. Power and RIMS surveyed over 1,000 risk professionals from large commercial insurance customers to assess key performance indicators (KPIs) and best practices that have the biggest impact on customer satisfaction.  Here, Tim Bebout, Commercial Insurance Practice Leader at J.D. Power, talks about the survey and its results. Mr. Bebout says this study is done “from the point of view …

David Bidmead, US CEO of Marsh, discusses cyber risk,  risk management and SEC regulation.