January 20, 2021
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  • INDUSTRY NEWS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.

    . .

    “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO

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    Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO

    . .

    NY Insurers Face Challenges and Opportunities in Tech, Financial Literacy – NYIA

  • COMMERCIAL RISK
    . .

    Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs

    . .

    Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University.

    . .

    Independent Agents See Growth Across All Lines, Despite Challenges – Big I CEO

    . .

    Technology and “Lookers” Enhance Claims Management process – Crawford COO

    . .

    Cyber cover evolves as insurtech explodes – Business Insurance editor

  • CONSUMER RISK
    . .

    FL Commissioner Optimistic about Emerging Consumer Products/Services

    . .

    New Revenues for Insurers Exist in Sharing Economy – Re-Sure CEO

    . .

    Insurers need “sense of urgency” to improve claims and risk assessment process

    . .

    “Amazoned” consumers present challenges & opportunities to personal lines insurers.

    . .

    “Upstart Insurtechs” raising the bar in homeowners market – LexisNexis exec.

  • REINSURANCE/ILS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Robust Reinsurance Market Not Without its Challenges – RAA CEO.

    . .

    Customer Experience…a Modern Differentiator for Insurers – BMS Re CEO

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    US Reinsurance Market “Healthy” While Facing New Threats & Opportunities

    . .

    Reinsurance upgraded to “Stable” as A.M. Best cites possible “inflection point”

  • CAREERS/PROFESSIONAL DEVELOPMENT
    . .

    P&C Industry Gives $1B+/year to Charity…IICF on Women in Insurance & Millennial Summit

    . .

    St. Baldrick’s Carries on Tradition of Giving – NAMIC CEO

    . .

    Looking ahead…Automation, Robotics and AI could help fill “Talent Gap”

    . .

    Grow by Solving Society’s Problems…A.M. Best exec.

    . .

    Spencer Foundation fights “war for talent” with scholarships, grants and internships.

3 New Articles
  • Oct 12, 2020 Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets
  • Feb 6, 2020 Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs
  • Jan 29, 2020 Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.
Home WRIN.tv Newswire (page 3)

WRIN.tv Newswire

Technology/Geospacial Intelligence impacting insurance fraud & claims adjusting.

By WRIN.tv News Desk
Feb 14, 2018
in :  Claims Management, CONSUMER RISK, Data/Tech/Modeling, Homeowner/Renter/Auto, Recent Stories, WRIN.tv Newswire

Roger Morris, Chief Communications Officer with the National Insurance Crime Bureau (NICB), says technology has been a disruptor  when it comes to insurance fraud.  Anti-theft devices have helped deter crime and provide better analytics to detect fraud. The industry also has to contend with hackers trying to defeat the system. Mr. Morris points to electronic devices that can open and start …

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Insurers need nimble infrastructure to keep up with pace of change.

By WRIN.tv News Desk
Feb 7, 2018
in :  Data/Tech/Modeling, EMERGING TRENDS, INDUSTRY NEWS, WRIN.tv Newswire

Roosevelt Mosley is a Principal and Consulting Actuary at Pinnacle Actuarial Resources. Data and technology represent challenges to the insurance industry, with issues like Big Data, autonomous vehicles, and usage based insurance (UBI) being likely disruptors. Still, Mr. Mosley sees “the speed and pace of change… and the ability of insurers to be able to keep up” as possibly the …

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NAMIC seeks to mitigate populist political risk to insurers – NAMIC CEO.

By WRIN.tv News Desk
Jan 29, 2018
in :  Data/Tech/Modeling, EMERGING TRENDS, FEATURED, INDUSTRY NEWS, Legislation/Regulation, WRIN.tv Newswire

NAMIC President & CEO Chuck Chamness comments on the major disruptors affecting the insurance industry, during the 2018 Joint Industry Forum.  While he notes technology is a considerable disruptor, he suggests public policy and the political environment within Washington and the State capitals may be the biggest factor affecting insurers.  He sees the populist movement creating difficulty for an industry …

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RAA’s Nutter discusses “blended model” and “new normal” in reinsurance sector.

By WRIN.tv News Desk
Jan 25, 2018
in :  FEATURED, ILS & Capital Markets, Markets, Reinsurance Markets, REINSURANCE/ILS, WRIN.tv Newswire

Reinsurance Association of America (RAA) president Frank Nutter comments on the evolution of the “blended model” in reinsurance with alternative capital contributing to the way reinsurance provides capacity to insurance companies, not just in the catastrophe area. He sees reinsurance companies diversifying into the insurance business, viewing capital markets as “largely competitive…and complementary.” Mr. Nutter admits that reinsurers have struggled …

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Pendulum swings away from brands in favor of customers – Pypestream exec.

By WRIN.tv News Desk
Jan 23, 2018
in :  Claims Management, CONSUMER RISK, Data/Tech/Modeling, FEATURED, WRIN.tv Newswire

Pypestream Chief Customer Officer, Donna Peeples, discusses realities insurers face as disruptive innovation creates greater symmetry between insurance companies and consumers. According to Ms. Peeples, in recent years, “the pendulum of control has swung hard away from brands in favor of customers.” Over the past hundred years, insurance has been a “low interest, low involvement category.” Insurers need to thing …

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III CEO sees “Disruption Continuum” as New Norm for insurers.

By WRIN.tv News Desk
Jan 18, 2018
in :  Data/Tech/Modeling, EMERGING TRENDS, FEATURED, Homeowner/Renter/Auto, INDUSTRY NEWS, Legislation/Regulation, Recent Stories, Working in Risk & Insurance, WRIN.tv Newswire

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 …

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AAIS CEO on disruptive technology, new economy, regulation & ‘CannaBOP.’

By WRIN.tv News Desk
Jan 12, 2018
in :  COMMERCIAL RISK, EMERGING TRENDS, FEATURED, Homeowner/Renter/Auto, Legislation/Regulation, P&C, Specialty Lines, Uncategorized, WRIN.tv Newswire

AAIS President and CEO Ed Kelly discusses the major issues industry executives are concerned about heading into 2018, including technology, the new economy and buying behavior, as well as government regulation. While technology remains an enabler in the insurance industry, Mr. Kelly notes that the new uses of technology are the “disruptors.” “We’ve seen that with automation…the use if drones, …

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Willis Re CEO sees brokers reinventing themselves…delivering value through innovation.

By WRIN.tv News Desk
Nov 21, 2017
in :  Brokers/Consultants, Data/Tech/Modeling, EMERGING TRENDS, FEATURED, REINSURANCE/ILS, WRIN.tv Newswire

As part of the Innovation Executive Video series, Willis Re’s Global CEO John Cavanagh talks about how brokers are reinventing their role and delivering value through innovation. Mr. Cavanagh says the insurance industry is going through significant change, and technology is driving much of that change. While insurance plays an important role in society, he believes the industry is “open for disruption” given …

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What is Microsoft doing in the insurance industry? Think data, analytics, security & the cloud.

By WRIN.tv News Desk
Nov 8, 2017
in :  Data/Tech/Modeling, EMERGING TRENDS, INDUSTRY NEWS, WRIN.tv Newswire

In this edition of Tech Trends in Insurance, WRIN.tv speaks with Jonathan Silverman, Director of Insurance Industry Solutions at Microsoft. He says Microsoft is looking for ways to enable technologies in the insurance industry, such as risk and analytics, dev and test, productivity, and cloud migration. Mr. Silverman says insurance customers are starting to look at data differently, including structured …

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Industry learning as it copes with $100B in losses from 2017 hurricanes – RMS.

By WRIN.tv News Desk
Nov 1, 2017
in :  Claims Management, Data/Tech/Modeling, INDUSTRY NEWS, Reinsurance Markets, WRIN.tv Newswire

The 2017 Hurricane Season brought over $100 billion in insured losses. According to John Kapitan, an SVP at RMS, “the (insurance) industry has coped well.” There are numerous improvements in the industry since the storms of 2004/2005. The industry is better capitalized, (over $600 billion). From a risk management perspective, Mr. Kapitan says few insurers or reinsurers were surprised by …

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Will 2017 be a record CAT year? – I.I.I. CEO comments.

By WRIN.tv News Desk
Oct 19, 2017
in :  Claims Management, FEATURED, Homeowner/Renter/Auto, INDUSTRY NEWS, Recent Stories, Reinsurance Markets, WRIN.tv Newswire

2017 has been a very active year for catastrophes…and traditional seasons are shifting. That according to Sean Kevelighan, President and CEO of the Insurance Information Institute (I.I.I.). Mr. Kevelighan points to 367 tornadoes in the first quarter of 2017, which surpasses the average of 93 by a large margin. The I.I.I. had estimated an active hurricane season, and forecasts were …

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ACORD standards looking to keep pace with demand for instant data – Aisus exec.

By WRIN.tv News Desk
Oct 16, 2017
in :  Claims Management, Data/Tech/Modeling, EMERGING TRENDS, INDUSTRY NEWS, WRIN.tv Newswire

In this AAIS Advisory, Carol King, SVP Canada at Aisus and Chairperson for XML Best Practices and Data in Motion for ACORD, says “companies need to start thinking ahead from an information standpoint.” In a fast-paced world, people want information in the format they want and when they want it. Ms. King explain that a consumer may want to know …

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Carriers migrating data to cloud to get off island – BriteCore CEO

By WRIN.tv News Desk
Oct 10, 2017
in :  Data/Tech/Modeling, EMERGING TRENDS, Homeowner/Renter/Auto, Recent Stories, WRIN.tv Newswire

Phil Reynolds, CEO and Co-Founder of BriteCore, outlines the disruptive nature of insurtech companies, and what traditional companies are doing to access new and emerging technology services. Mr. Reynolds describes an online experience he had with one insurtech company that asked for his home address and was able to assemble county records, a visual flyover, the home’s square footage and …

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Long view makes ‘world of difference’ to Mutual insurers – Conning.

By WRIN.tv News Desk
Oct 5, 2017
in :  COMMERCIAL RISK, FEATURED, Homeowner/Renter/Auto, Markets, P&C, Recent Stories, WRIN.tv Newswire

Jerry Theodorou, a Vice President of Insurance Research at Conning, previews a strategic study that looks at Mutual property-casualty insurance companies. According to Mr. Theodorou, there is an elevated degree of concern in five areas: technology, expense ratios, the war for talent, demographic and sociodemographic changes, and the future for personal auto. Conning is finding Mutuals are reacting proactively with …

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Blockchain is coming…no one is exempt – The Institutes CEO

By WRIN.tv News Desk
Sep 28, 2017
in :  Claims Management, Data/Tech/Modeling, EMERGING TRENDS, FEATURED, INDUSTRY NEWS, WRIN.tv Newswire

In this edition of WRIN.tv’s Tech Trends in Insurance, The Institutes President and CEO Peter Miller describes the way Blockchain will change the business of insurance in the future. “It is the plumbing.” Blockchain has the potential to reduce costs, decrease transaction time, improve customer service, enable new product development and affect better financial results – the impact is significant …

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AmTrust Financial Services, Inc. Announces Sale of Personal Lines Policy Management System to National General Holdings Corp. for $200 million

By Nasdaq
Sep 14, 2017
in :  WRIN.tv Newswire

NEW YORK, Sept. 14, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (“AmTrust”) announced today the sale of the personal lines policy management system (“policy management system”) it developed for National General Holdings Corp. (“National General”), to National General. AmTrust will receive total consideration of $200 million, payable in three equal installments. Barry Zyskind, Chairman and Chief Executive Officer, …

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National General Holdings Corp. Announces Agreement to Acquire Personal Lines Policy Administration System

By Nasdaq
Sep 14, 2017
in :  WRIN.tv Newswire

NEW YORK, Sept. 14, 2017 (GLOBE NEWSWIRE) — National General Holdings Corp. (NASDAQ:NGHC) today announced that it has entered into an agreement to acquire its personal lines policy administration system (NPS) and the related intellectual property from AmTrust for a purchase price of $200 million.  The purchase price is payable in three equal installments with the first payment made upon …

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After the storm: keeping your pet safe after a hurricane

By Nasdaq
Sep 8, 2017
in :  WRIN.tv Newswire

SEATTLE, Sept. 08, 2017 (GLOBE NEWSWIRE) — Recovery after a hurricane takes time. Depending on the hurricane’s path and magnitude, it can take weeks, months, or even years before things return to normal. This affects pets too. From the immediate aftermath to long-term health concerns, Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, offers a few …

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Federated National Holding Company Postpones Its 2017 Annual Shareholders Meeting Due to Hurricane Irma

By Nasdaq
Sep 8, 2017
in :  WRIN.tv Newswire

SUNRISE, Fla., Sept. 08, 2017 (GLOBE NEWSWIRE) — Federated National Holding Company (the “Company”) (NASDAQ:FNHC), an insurance holding company, is providing updates regarding Hurricane Irma, which  is currently located in the Atlantic Ocean and is projected to make landfall in South Florida this weekend.   The Company’s annual shareholders meeting was previously scheduled for Tuesday, September 12, 2017 in South …

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Trupanion Offers Tips and Resources for Pet Safety During Natural Disasters

By Nasdaq
Sep 7, 2017
in :  WRIN.tv Newswire

SEATTLE, Sept. 07, 2017 (GLOBE NEWSWIRE) — As hurricane season continues to sweep through North America, many people are preparing to evacuate their homes. Trupanion, Inc. (Nasdaq:TRUP), a leader in medical insurance for cats and dogs, is making an effort to help pet owners prepare. With family and pets’ safety in mind, Trupanion has compiled a list of tips and …

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