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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

ORLANDO, Fla., Sept. 07, 2017 (GLOBE NEWSWIRE) — The Life Insurance Settlement Association (LISA) today announced that E. Benjamin Nelson, a former two-term U.S. Senator from Nebraska, will serve as the featured keynote speaker for LISA’s 23rd Annual Fall Life Settlement & Compliance Conference, to be held October 15th-17th at the beautiful Sandpearl Resort in Clearwater Beach, Fla. “We’re honored …

Ageas announces the dates of its Annual General Meeting of Shareholders, the publication of its results, and the relevant dividend dates. Wednesday 21 February Annual Results 2017 Friday 6 April Publication of the Annual Report 2017 Wednesday 16 May First 3 months 2018 Results Wednesday 16 May Ordinary General Meeting of Shareholders (start of the meeting at 14:30 (CET)) Monday …

MINNEAPOLIS, Sept. 06, 2017 (GLOBE NEWSWIRE) — IHC Specialty Benefits, the fast-growing specialty health division of The IHC Group (NYSE:IHC) announced the launch of Fusion today, a unique and highly innovative health plan for individuals and families who do not have major medical coverage. Fusion, which bundles two of IHC’s industry leading products (a fixed-indemnity medical benefit plan with a …

Press Release6 September 2017 – N° 23 SCOR announces further environmentalsustainability initiatives SCOR’s mission includes protecting people and property from disasters and encouraging environmental sustainability, particularly in an era of climate change. SCOR is continuing to develop its sustainability practices in both investing and underwriting.  In Investments, SCOR reaffirms its commitment to the management of climate risk. In 2015, during …

SCOR Investor Day 2017: SCOR’s success story goes on At its annual Investor Day today in Paris, SCOR’s Executive Management team, led by Denis Kessler, presents an overview of the successful first year of the “Vision in Action” strategic plan and sets forth why the company’s business model is fit for today’s environment. One year after the launch of its …

NEW YORK, Sept. 05, 2017 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that effective August 1, 2017, it entered into a new quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to the business of its Republic Companies, Inc. (“Republic”) subsidiary. The quota share contract has a cession rate …