For the inland marine market, business is good…and emerging technology, new educational opportunities and growth in the construction market all point to a strong year ahead. In this AAIS Advisory Report, AAIS President and CEO Ed Kelly speaks with Kevin O’Brien, President & CEO of IMUA, as well as Rich Soja, the Global Head of Inland Marine at Allianz Global Corporate …

  Over the past decade, a steady flow of disruptive forces has impacted the personal auto insurance market, including telematics, the sharing economy and autonomous vehicles. AAIS Auto Product Manager Casey Brewer discusses how they are reshaping the Personal Auto insurance market, and myriad challenges and opportunities it creates for carriers.   Telematics programs provide insurers with access to vast amounts …

“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. …

Healthcare fraud in the auto insurance industry is a focus of the National Insurance Crime Bureau (NICB). Roger Morris, Chief Communications Officer of the NICB, discusses schemes across the country that support fraud against the insurance industry, and an Aggregated Medical Data Base and Medical Fraud Task Forces set up by the NICB to combat major medical fraud. Mr. Morris …

Lorie Masters, a Partner at Perkins Coie, looks at the risks associated with operating Unmanned Aerial Vehicles (UAVs) and drones, for operations and provides advice on ways to manage them. While still at the dawn in the use of UAVs, Ms. Coie sees several risks emerging from their use, including first-party risks associated with the cost of the drone, and …

Current stability and underwriting profits are giving way to growing loss trends, investment headwinds and deteriorating profits. Still, that will not be enough to harden insurance markets in 2017, according to Jim Auden, Managing Director & Head of U.S. Property & Casualty at Fitch Ratings The overall industry is “pretty stable” right now, as is Fitch’s ratings outlook. That stability …

The top three challenges facing reinsurance underwriters today are too much supply versus demand, new technology and data, and cyber risk. That, according to Martin Neuhaus, Chief Underwriting Officer of the Reinsurance Division at Munich Re America. Mr. Neuhaus says the oversupply of capital demands discipline from underwriters, and new technology and the amount of data now available require underwriters …

In this edition of ACORD Tech Talk, host Johnell Johnson speaks with Bolt Solutions CEO Eric Gewirtzman discusses the launch of Google Compare and how comparison shopping will affect the insurance industry. “Bolt Google Connect” enables insurers to quickly and easily participate in Google Compare, a comparison-shopping site that lets consumers compare rates from different insurance providers. Mr. Gewirtzman describes one …

Kevin O’Brien, President and CEO of the Inland Marine Underwriters Association (IMUA) discusses some of the major factors impacting inland marine including the economy and advances in technology “The inland marine industry is thriving.” said Mr. O’Brien “The commercial inland marine market has outperformed the property and casualty industry as a whole, by about 10 points and that trend seems …

An agreement between leading U.S. insurance providers and Transportation Network Companies, like Uber and Lyft would clarify how much ride-share services must insure drivers…anytime they are working. Ride-share companies have been criticized for gaps in their insurance coverage and cab drivers and local governments have sought regulations that would put companies like Uber and Lyft on a more level playing …

Last week on WRIN.tv… Monday Morning Headlines from SNL Insurance featured President Obama  State of the Union The Department of Homeland Security and a cyber incident repository for insurance companies The New York Department of Financial Services and IT exam guidance for insurers The NAIC’s announced a new  chair for its International Insurance Relations Committee KKR’s deal to acquire QBE’s …