September 20, 2014
 
 

 

 

 

 

 

 

 

ACORD Tech Talk: Cyber Security is everybody’s responsibility.

 

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses cyber risk and cyber security.   

 

Everyone should be concerned with cyber security, says Mr. Teresi. “Cyber security is the process of protecting your technology infrastructure...It is everybody’s responsibility." There should be constant communication between the business and IT so both areas are aware of the risks involved. In addition, according to Mr. Teresi, “Cyber insurance became available, and started protecting organizations from breech, about 17 years ago when the  first Internet liability policy was written."    

 

Three things companies should do concerning cyber security are:

 

  • Align IT and the business units. Senior executives need to speak with their IT leaders regularly, and the IT organization should be sharing information about current threats and risks with the business.  

 

  • Encourage IT staff to become involved with "Hackathons."  Hackathons create, and recreate, worse-case scenarios and prepare participants for a possible breach.  

 

  • Cyber insurance.  Understand your business and business needs, and research the proper policies that protect your business in case of a breach.

 

For more on the technologies shaping the insurance industry, visit the ACORD website, or the WRIN.tv On Demand library.   

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Another year of low CAT activity and plenty of capital going into 1/1 reinsurance renewals, according to PCS.

Another year of low CAT activity and plenty of capital going into 1/1 reinsurance renewals, according to PCS.

For the second year in a row, the CAT bond market posted a first-half record for issuance.  WRIN.tv speaks with Joe Louwagie from Property Claim Services during the 2014 RendezVous in Monte Carlo about recent develops affecting the CAT Bond market.    Watch more

Comments(0) 19 Sep 2014

WRIN.tv Week in Review: September 15 - 19, 2014.

WRIN.tv Week in Review: September 15 - 19, 2014.

 WRIN.tv coverage of the RendezVous with Hamilton Insurance Brian Duperrault, Gen Re- Tad Montross, ANV CEO Matt Fairfield, AIR Worldwide Ming Lee, Guy Carpenter’s Chris Klein, Artemis Steve Evans, Keefe, Bruyette & Woods, Joe Beebe, …and Joe Louwagie from PCS; NAPSLO Convention Matt Fairfield, Lexington; Brady Kelly, NAPSLO, and Ron Austin, Worldwide Facilities.   Watch more

Comments(0) 19 Sep 2014

M&As up in reinsurance; Bermuda and Lloyd’s expected to be more active, according to Keefe, Bruyette & Woods Managing Director

M&As up in reinsurance; Bermuda and Lloyd’s expected to be more active, according to Keefe, Bruyette & Woods Managing Director

The topic of mergers and acquisitions in the reinsurance space has been part of the buzz here in Monte Carlo at the RendezVous de Septembre.  Here Joe Beebe, Managing Director the investment bank and broker-dealer Keefe, Bruyette & Woods, speaks with WRIN.tv about what is driving these discussions.  Watch more

Comments(0) 18 Sep 2014

Worldwide Facilities President and COO on the state of the surplus lines market and the future.

Worldwide Facilities President and COO on the state of the surplus lines market and the future.

Ron Austin, President and COO of Worldwide Facilities, speaks with WRIN.tv about the state of the surplus lines market and the future.   Watch more

Comments(0) 18 Sep 2014

Guy Carpenter’s Chris Klein on global warming, terrorism and other threats to insurers’ bottom line.

Guy Carpenter’s Chris Klein on global warming, terrorism and other threats to insurers’ bottom line.

In Part two of our discussion with Chris Klein, Head of EMEA Strategy Management at Guy Carpenter, he talks about difficult risks to manage, including threats from global warming, terrorism, and more.    Watch more

Comments(0) 18 Sep 2014

Economy, pricing cycles, syndication and growth are among key topics at NAPSLO, according to Lexington exec.

Economy, pricing cycles, syndication and growth are among key topics at NAPSLO, according to Lexington exec.

A record number of surplus lines underwriters, brokers and service professionals attended NAPSLO’s 40th Annual Convention to discuss a segment of the market that is rebounding years of high loss activity.  Here, Matt Power, EVP and Head of Strategic Development at Lexington Insurance, speaks with WRIN.tv about the major issues facing the market today.    Watch more

Comments(0) 17 Sep 2014

NAPSLO’s Executive Director on the E&S market, regulation, innovation and the future.

NAPSLO’s Executive Director on the E&S market, regulation, innovation and the future.

Brady Kelley, Executive Director of the National Association of Professional Surplus Lines Offices (NAPSLO) speaks with WRIN.tv during NAPSLO’s Annual Convention in Atlanta about the conference, the E&S market, regulation, opportunities for growth and more.   Watch more

Comments(0) 17 Sep 2014

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman, President and CEO Tad Montross speaks with WRIN.tv at the Monte Carlo RendezVous about the state of the reinsurance market and issues buyers are facing in light of influx of alternative capital.   Watch more

Comments(0) 17 Sep 2014

AIR Worldwide President & CEO on changes in the marketplace and how AIR is responding

AIR Worldwide President & CEO on changes in the marketplace and how AIR is responding

The risk modeling space evolves rapidly each year, as data and technology allow for a deeper understanding of risk.   WRIN.tv spoke with Ming Lee, President and CEO of AIR Worldwide, for his views on the changes in the marketplace, and how AIR is keeping pace.    Watch more

Comments(0) 16 Sep 2014

ANV CEO on why alternative capital and cyber risk are both misnomers

ANV CEO on why alternative capital and cyber risk are both misnomers

At the RendezVous in Monte Carlo, ANV CEO Matt Fairfield shares his thoughts on the global economy, alternative capital, cyber risk and the impact of litigation on directors and officers.  Watch more

Comments(0) 16 Sep 2014

Guy Carpenter's Chris Klein explains the impact the global economy and alternative capital has on the (re) insurance sector

Guy Carpenter's Chris Klein explains the impact the global economy and alternative capital has on the (re) insurance sector

WRIN.tv speaks with Chris Klein, Head of EMEA Strategy Management at Guy Carpenter, about a range of topics, from the economy and alternative capital, to global warming, terror risk and more.    Watch more

Comments(0) 16 Sep 2014

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Industry executives from Europe and around the world have assembled in Monte Carlo at the RendezVous de Septembre, to discuss the state of the industry in anticipation of upcoming reinsurance renewals.      Watch more

Comments(0) 15 Sep 2014

Duperreault buoyant about the future despite market challenges

Duperreault buoyant about the future despite market challenges

Brian Duperreault has had a “Hall of Fame” career. He was inducted in the Insurance Hall of Fame in 2011 and retired in 2012 from MMC.  Last year, he formed Hamilton Insurance Group out of Bermuda, designed to focus on property-casualty reinsurance. WRIN.tv spoke with Mr. Duperreault during the RendezVous in Monte Carlo.      Watch more

Comments(0) 15 Sep 2014

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: US hit with more than $4B of economic losses from August natural disasters; TRIA reauthorization; S&P says reinsurers need 2 'shock scenarios' to turn pricing; Reinsurers must innovate to see off threat from Google; Driverless cars, safety features to help reduce claim frequency;  And more    Watch more

Comments(0) 14 Sep 2014

WRIN.tv Week in Review: September 8-12, 2014.

WRIN.tv Week in Review: September 8-12, 2014.

 President /CEO Lexington Insurance on TRIA reauthorization, regulations, importance of communications and innovation; Cyber Risk Series-importance of crisis mgt, data privacy/security; Interview with  Chairman/CEO Arch Worldwide Re and Mortgage Group.   Watch more

Comments(0) 13 Sep 2014

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington Insurance Company President & CEO Jeremy Johnson discusses the management of losses from natural catastrophes, Lexington’s new coverage for unmanned aerial vehicles (drones) and innovation at Lexington.  Watch more

Comments(0) 11 Sep 2014

Cyber Risk Series: Wilson Elser attorney on crisis management, data privacy/security and (re)insurance coverage.

Cyber Risk Series: Wilson Elser attorney on crisis management, data privacy/security and (re)insurance coverage.

Stan Stahl, President of Citadel Information Group, Inc. sat down with attorney Melissa Ventrone who is the chair of the law firm of Wilson Elser’s Data Privacy & Security practice to discuss the legal aspects of cyber crime.   Watch more

Comments(0) 10 Sep 2014

Lexington President/CEO sees need for uniformity in State regulations, and believes TRIA will be reauthorized before year’s end

Lexington President/CEO sees need for uniformity in State regulations, and believes TRIA will be reauthorized before year’s end

The agenda at the 2014 NAPSLO Conference in Atlanta includes several legislative issues, Non-admitted and Reinsurance Reform Act enacted in 2010 and TRIA renewal.  In Part One of a two part interview with WRIN.tv, Lexington President & CEO Jeremy Johnson discusses some of the major issues facing the surplus lines market.   Watch more

Comments(0) 09 Sep 2014

Alternative capital is part of the capital reinsurers provide to the market as underwriters of risk.

Alternative capital is part of the capital reinsurers provide to the market as underwriters of risk.

New capital entering the reinsurance market in recent years is just one of the many challenges facing traditional reinsurers. Marc Grandisson, Chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, discusses the state of the reinsurance market.     Watch more

Comments(0) 08 Sep 2014

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: FSOC preliminarily designates MetLife a nonbank SIFI: IAIS' meeting closures prompt warnings; CT. insurance commissioner on NAIC president ;FEMA denies post-Iselle assistance to Hawaii; Fewer than 5% of Californians in quake-hit area owned earthquake insurance. And more   Watch more

Comments(0) 07 Sep 2014

WRIN.tv Week in Review: September 1 - 5, 2014.

WRIN.tv Week in Review: September 1 - 5, 2014.

 Top EQ writers in California; US P&C industry Q2 statutory underwriting results; Fitch report on consolidation among reinsurers; Berkshire Hathaway boosted its E&S premiums; new series on Cyber Risk; WCRI on ways to predict injured worker outcomes; M&A activity in the insurance sector.   Watch more

Comments(0) 05 Sep 2014

There are ways to predict injured worker outcomes according to WCRI

There are ways to predict injured worker outcomes according to WCRI

Returning injured workers to the job as quickly as possible is often better for the worker’s recovery, and for the organization providing workers comp coverage. But the speed of return-to-work can vary based on the individual.    Watch more

Comments(0) 04 Sep 2014

Cyber Risk Series: The Threat…The Response.

Cyber Risk Series: The Threat…The Response.

Stan Stahl, President Citadel Information Group, Inc. sat down with Marc Maiffret, who is the Chief Technology Officer at BeyondTrust, a leading security and compliance management company to discuss the evolution of cyber crime and what companies should do to protect themselves.  Watch more

Comments(0) 03 Sep 2014

Momentum continues to build for Insurance M&A, according to Deloitte.

Momentum continues to build for Insurance M&A, according to Deloitte.

The number of mergers and acquisitions in the insurance industry fell in 2013 compared to 2012. Here, WRIN.tv speaks with Boris Lukan. Principal in Deloitte’s U.S. Property & Casualty Insurance Consulting practice, about deal activity and the future of M&A in insurance.  Watch more

Comments(0) 02 Sep 2014

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: Top writers of California earthquake risk; US P&C industry posts best Q2 statutory underwriting results in several years; Fitch sees consolidation among reinsurers;  Citizens Property Ins. Co. targets 'stunning' rate decreases for 2015; Berkshire Hathaway boosted E&S premiums 65% YOY in Q2.   Watch more

Comments(0) 01 Sep 2014

WRIN.tv Week in Review: August 25-29, 2014.

WRIN.tv Week in Review: August 25-29, 2014.

 Q2'14 P&C underwriting results; NAIC adopts new monitoring framework for life insurers' captive transactions;  Earthquake coverage; Ironshore; ACORD Tech Talk: The Internet of Things.  Mid-season Hurricane Report; Insurers are expected to increase investments in BA securities; and more.   Watch more

Comments(0) 29 Aug 2014

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

In a recent report on investment allocations, A.M. Best looked at increased investment by U.S. insurers in non-traditional asset classes. In this edition of First Monday, analysts say low interest rates make schedule BA securities more attractive, even though they can be more volatile.    Watch more

Comments(0) 27 Aug 2014

ACORD Tech Talk: The Internet of Things – Part 1.

ACORD Tech Talk: The Internet of Things – Part 1.

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses “The Internet of Things”.  Watch more

Comments(0) 26 Aug 2014

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

 Prior to the 2014 Atlantic Hurricane Season, forecasters predicted that it would be a rather mild year for tropical storms.  Here with a mid-season review is Dr. Tim Doggett, Assistant Vice President and Senior Principal Scientist at AIR Worldwide   Watch more

Comments(0) 25 Aug 2014

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: First look at Q2'14 P&C underwriting results; NAIC, industry groups blast IAIS over lack of transparency; NAIC adopts new monitoring framework for life insurers' captive transactions; Number of homeowners with earthquake coverage declining even as risk grows; Did Ironshore just effectively set its IPO price; Allied World to acquire Hong Kong, Singapore operations of RSA for $215M.    Watch more

Comments(0) 24 Aug 2014

WRIN.tv Week in Review: August 18 - 22, 2014.

WRIN.tv Week in Review: August 18 - 22, 2014.

 Hawaii relatively unscathed by Hurricane Iselle, and avoiding Hurricane Julio; Allianz looking to raise airline insurance prices; poor underwriting practices hurting results of commercial auto insurers; WellPoint is changing its name to Anthem; BIBA’s CEO; Mexico plans to implement a Solvency II-like risk-based solvency regime; Who Got Caught – healthcare fraud.  Watch more

Comments(0) 22 Aug 2014

“Business Intelligence” is transforming the risk management process.

“Business Intelligence” is transforming the risk management process.

The pace of change in the insurance industry is hastened by the effective use of data and technology.  Here, WRIN.tv speaks with Yodil CEO and Founder Fred Waite, about how “Business Intelligence” is transforming the risk management process, from front-end to back-end.   Watch more

Comments(0) 21 Aug 2014

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

A.M. Best recently released its review of the Mexican Insurance market. In highlights from A.M. Best's First Monday series, Alfonso Novelo, Director of Analysis for A.M. Best discusses Mexico’s plans to implement a Solvency II-like risk-based solvency regime in 2015.   Watch more

Comments(0) 20 Aug 2014

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

Steve White, the vocal CEO of the British Insurance Brokers' Association (BIBA), joins WRIN.tv for a broad discussion on topical issues affecting the UK insurance market, including ‘price-comparison’ Watch more

Comments(0) 19 Aug 2014

Doctor’s health care insurance fraud practice uncovered after his death.

Doctor’s health care insurance fraud practice uncovered after his death.

In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a multi-million dollar health care fraud scheme that was uncovered when a doctor’s estate went into probate after his death. Watch more

Comments(0) 19 Aug 2014

Monday Morning Headlines: August 18, 2014.

Monday Morning Headlines: August 18, 2014.

 Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tvas a weekly video digest of the news making headlines in the U.S. Insurance industry.  Watch more

Comments(0) 18 Aug 2014

WRIN.tv Week in Review: August 11 - 15, 2014

WRIN.tv Week in Review: August 11 - 15, 2014

 PCI’s VP of policy and government relations with insights into TRIA’s chances for reauthorization; Hurricane Iselle was a "myth buster"; Insurance fraud scheme involving kickbacks for mental health services; .M. Best’s First Monday series reviewed U.S. Captive market.  Watch more

Comments(0) 15 Aug 2014

Will Political Wrangling Jeopardize TRIA Reauthorization

Will Political Wrangling Jeopardize TRIA Reauthorization

There had been high hopes for reauthorization of TRIA when the Senate passed its version of a seven-year extension. In this Property Casualty Briefing, Tom Glassic, from PCI, discusses the obstacles to TRIA reauthorization, and what happens if it does not pass in Congress.  Watch more

Comments(0) 14 Aug 2014

U.S. Captives continue to outperform commercial market - A.M. Best.

U.S. Captives continue to outperform commercial market - A.M. Best.

A.M. Best recently released its review of the U.S. captive market, which continued to show positive results.  In highlights from A.M. Best's First Monday series, AVP Steve Chirico reviews the paper including issues affecting the U.S. captive market, as well as risk retention groups.  Watch more

Comments(0) 13 Aug 2014

Scams associated with referral kickbacks plague the U.S. health care system.

Scams associated with referral kickbacks plague the U.S. health care system.

 In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a $205 million Medicare fraud scheme involving kickbacks for mental health services that were never administered.   Watch more

Comments(0) 12 Aug 2014

Eye on the Storm – AIR says Iselle was a

Eye on the Storm – AIR says Iselle was a "myth buster" when it made landfall in Hawaii.

  Hawaii’s residents faced high winds and torrential rainfall from the first tropical cyclone to hit the Big Island since 1958. AIR Worldwide Manager and Principal Scientist Scott Stransky reports on what turned out to be "a very unique storm."    Watch more

Comments(0) 11 Aug 2014

Monday Morning Headlines August 11, 2014.

Monday Morning Headlines August 11, 2014.

Monday Morning Headlines: NOAA trims Atlantic hurricane outlook; TRIA renewal to hinge on divided House Republicans; July Kaiser Health poll reveals that more than half of Americans have a negative view of ACA;  Rocky start to Florida program; Nationwide enters sponsorship agreement with NFL.   Watch more

Comments(0) 10 Aug 2014

WRIN.tv Week in Review: August 4 - 8, 2014.

WRIN.tv Week in Review: August 4 - 8, 2014.

 Monday Morning Headlines; Conning on technology and cloud computing impacting insurance industry; Personal Assistance Programs are the biggest health insurance fraud problem in U.S. Medicaid system; A.M. Best looks at how new risk based solvency regulations are impacting China’s insurance carriers; and WRIN.tv Rewind CEO Whisltle Blowers fascinating story of corporate corruption .   Watch more

Comments(0) 08 Aug 2014

WRIN.tv Rewind: CEO whistleblower says

WRIN.tv Rewind: CEO whistleblower says "nothing has changed" to improve corporate governance in Japan.

It’s time for another WRIN.tv Rewind.  One of our most popular 2-part interviews was our discussion with CEO Whistleblower Michael Woodford. He is the former head of Olympus who exposed a $1.7 billion fraud at the 92 year-old firm.    Watch more

Comments(0) 07 Aug 2014

Personal Assistance Programs are the biggest health insurance fraud problem in the U.S. Medicaid system.

Personal Assistance Programs are the biggest health insurance fraud problem in the U.S. Medicaid system.

 Barry Zalma returns to World Risk and Insurance News with another series of "Who Got Caught? programs looking at healthcare fraud. Here, the noted fraud and claims expert reviews a scam associated with a 'personal assistance program', the biggest fraud problem in the United States Medicaid system.   Watch more

Comments(0) 06 Aug 2014

New Risk Based Solvency Regs in China Influencing Capital Management - A.M. Best Analysts.

New Risk Based Solvency Regs in China Influencing Capital Management - A.M. Best Analysts.

 In highlights from A.M. Best's First Monday series, Associate Financial Analyst James Chan and Senior Financial Analyst Vivian Cheung discuss China's new solvency regulation and sustainable profitability and capitalization of non-life companies.  Watch more

Comments(0) 05 Aug 2014

CONNecting with Conning: Technology and cloud computing continue to transform the insurance industry.

CONNecting with Conning: Technology and cloud computing continue to transform the insurance industry.

WRIN.tv speaks with David Weiss, Managing Director and Conning’s Chief Technology Officer about how technology is revolutionizing the risk landscape and impacting everything from risk assessment and modeling to emerging risk and risk transfer.   Watch more

Comments(0) 04 Aug 2014

Monday Morning Headlines August 4, 2014.

Monday Morning Headlines August 4, 2014.

Monday Morning Headlines: Aviation war insurance rates could shoot up by 300%,; US P&C insurers experienced favorable development in Q1; Top refunds paid by health insurers under MLR rule; House passes resolution-authorizing suit against Obama; Greenberg to face January '15 trial over fraud.   Watch more

Comments(0) 03 Aug 2014

WRIN.tv Week in Review: July 28-August 1, 2014.

WRIN.tv Week in Review: July 28-August 1, 2014.

 Aviation rates to increase, Aon Benefield asses Nat Cats in, FSOC progress report, Travelers, Federated National, C.A. Bank Corp.; ACORD Tech Talk - cyber security, What’s New in Insurance- Bitcoin, WRIN.tv Rewind Dr. Robert Hartwig; A.M. Best SE Asia update  Watch more

Comments(0) 01 Aug 2014

WRIN.tv Rewind: Natural Catastrophe potential remains high for rest of year…according to III’s Dr. Robert Hartwig.

WRIN.tv Rewind: Natural Catastrophe potential remains high for rest of year…according to III’s Dr. Robert Hartwig.

 In this WRIN.tv Rewind Dr. Robert Hartwig, President of the III, is assessing the industry losses from the previous winter storms and the high potential for natural catastrophe losses for the rest of the year.   Watch more

Comments(0) 31 Jul 2014

Bitcoins...more legitimate - if not secure.

Bitcoins...more legitimate - if not secure.

In the third part of a series on Bitcoins, Ty Sagalow, President of the Innovation Insurance Group discusses "What's News in Insurance" and how the peer-to-peer payment system has become more legitimate, if not more secure.   Watch more

Comments(0) 30 Jul 2014

ACORD Tech Talk: Cyber Security is everybody’s responsibility.

ACORD Tech Talk: Cyber Security is everybody’s responsibility.

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses cyber risk and cyber security.   Watch more

Comments(0) 29 Jul 2014

Economic growth in SE Asia spurring growth for the insurance industry - A.M. Best

Economic growth in SE Asia spurring growth for the insurance industry - A.M. Best

 In highlights from A.M. Best's First Monday series, Associate Director Jeff Yeung reports from Hong Kong on the Association of Southeast Asian nations, a region of the world where economic growth is spurring growth in the insurance market.    Watch more

Comments(0) 28 Jul 2014

Monday Morning Headlines July 28, 2014.

Monday Morning Headlines July 28, 2014.

Monday Morning Headlines: Aspen to double aviation war insurance rates; Impact Forecasting global natural disasters caused $22B in losses; FSOC facing greater scrutiny; Federated National aims to boost Fla. homeowners through JV; Travelers focuses on client retention.     Watch more

27 Jul 2014

WRIN.tv Week in Review: July 21-25, 2014.

WRIN.tv Week in Review: July 21-25, 2014.

 Week in Review Featuring: Monday Morning Headlines-7-year TRIA reauthorization, NAIC launches educational initiative, Texas hailstorm losses; BoA, AIG settle RMBS suits for $650M; Exciting changes affecting Inland Marine; IIS Regulator panel highlights; A.M. Best on impairments.     Watch more

Comments(0) 25 Jul 2014

WRIN.tv Rewind: Hurricane Season Preview- Below average activity predicted; not so the number of storms.

WRIN.tv Rewind: Hurricane Season Preview- Below average activity predicted; not so the number of storms.

 It’s time for another WRIN.tv Rewind.  We are in the midst of the 2014 Hurricane Season, and while most forecasters are predicting a below to normal season this year, Dr. Tim Doggett at AIR Worldwide, reminded us that activity forecasts have been somewhat dependable, but predictions on the number of storms have not.   Watch more

Comments(0) 24 Jul 2014

U.S. P/C industry shows sharp decline in impairments - A.M. Best.

U.S. P/C industry shows sharp decline in impairments - A.M. Best.

 In a recent report, A.M. Best reported that impairments among U.S. property/casualty carriers declined sharply in 2013.    Watch more

Comments(0) 23 Jul 2014

Regulators and Experts Stake Positions on Global vs. Country Standards/Compliance – IIS Seminar Highlights.

Regulators and Experts Stake Positions on Global vs. Country Standards/Compliance – IIS Seminar Highlights.

 “Regulation” was a important topic at the 2014 International Insurance Society (IIS) in London. World Risk and Insurance presents highlights of key discussions on Regulation, courtesy of the IIS.    Watch more

Comments(0) 22 Jul 2014

Driverless Cars/Trucks are Among Exciting Changes Affecting Inland Marine, says IMUA President.

Driverless Cars/Trucks are Among Exciting Changes Affecting Inland Marine, says IMUA President.

 Recent economic figures show a decline in US GDP, and issues in the Middle East are driving fuel prices up. WRIN.tv speaks with Kevin O’Brien, President and CEO of the Inland Marine Underwriters Association who discusses the recent developments in the inland marine business.   Watch more

Comments(0) 21 Jul 2014

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Monday Morning Headlines: August 18, 2014.

Monday Morning Headlines: August 18, 2014.

 Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tvas a weekly video digest of the news making headlines in the U.S. Insurance industry.  Watch more

18 Aug 2014

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

Steve White, the vocal CEO of the British Insurance Brokers' Association (BIBA), joins WRIN.tv for a broad discussion on topical issues affecting the UK insurance market, including ‘price-comparison’ Watch more

19 Aug 2014

Doctor’s health care insurance fraud practice uncovered after his death.

Doctor’s health care insurance fraud practice uncovered after his death.

In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a multi-million dollar health care fraud scheme that was uncovered when a doctor’s estate went into probate after his death. Watch more

19 Aug 2014

“Business Intelligence” is transforming the risk management process.

“Business Intelligence” is transforming the risk management process.

The pace of change in the insurance industry is hastened by the effective use of data and technology.  Here, WRIN.tv speaks with Yodil CEO and Founder Fred Waite, about how “Business Intelligence” is transforming the risk management process, from front-end to back-end.   Watch more

21 Aug 2014

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: First look at Q2'14 P&C underwriting results; NAIC, industry groups blast IAIS over lack of transparency; NAIC adopts new monitoring framework for life insurers' captive transactions; Number of homeowners with earthquake coverage declining even as risk grows; Did Ironshore just effectively set its IPO price; Allied World to acquire Hong Kong, Singapore operations of RSA for $215M.    Watch more

24 Aug 2014

Scams associated with referral kickbacks plague the U.S. health care system.

Scams associated with referral kickbacks plague the U.S. health care system.

 In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a $205 million Medicare fraud scheme involving kickbacks for mental health services that were never administered.   Watch more

12 Aug 2014

U.S. Captives continue to outperform commercial market - A.M. Best.

U.S. Captives continue to outperform commercial market - A.M. Best.

A.M. Best recently released its review of the U.S. captive market, which continued to show positive results.  In highlights from A.M. Best's First Monday series, AVP Steve Chirico reviews the paper including issues affecting the U.S. captive market, as well as risk retention groups.  Watch more

13 Aug 2014

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

A.M. Best recently released its review of the Mexican Insurance market. In highlights from A.M. Best's First Monday series, Alfonso Novelo, Director of Analysis for A.M. Best discusses Mexico’s plans to implement a Solvency II-like risk-based solvency regime in 2015.   Watch more

20 Aug 2014

WRIN.tv Week in Review: August 11 - 15, 2014

WRIN.tv Week in Review: August 11 - 15, 2014

 PCI’s VP of policy and government relations with insights into TRIA’s chances for reauthorization; Hurricane Iselle was a "myth buster"; Insurance fraud scheme involving kickbacks for mental health services; .M. Best’s First Monday series reviewed U.S. Captive market.  Watch more

15 Aug 2014

WRIN.tv Week in Review: August 18 - 22, 2014.

WRIN.tv Week in Review: August 18 - 22, 2014.

 Hawaii relatively unscathed by Hurricane Iselle, and avoiding Hurricane Julio; Allianz looking to raise airline insurance prices; poor underwriting practices hurting results of commercial auto insurers; WellPoint is changing its name to Anthem; BIBA’s CEO; Mexico plans to implement a Solvency II-like risk-based solvency regime; Who Got Caught – healthcare fraud.  Watch more

22 Aug 2014

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

 Prior to the 2014 Atlantic Hurricane Season, forecasters predicted that it would be a rather mild year for tropical storms.  Here with a mid-season review is Dr. Tim Doggett, Assistant Vice President and Senior Principal Scientist at AIR Worldwide   Watch more

25 Aug 2014

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: Top writers of California earthquake risk; US P&C industry posts best Q2 statutory underwriting results in several years; Fitch sees consolidation among reinsurers;  Citizens Property Ins. Co. targets 'stunning' rate decreases for 2015; Berkshire Hathaway boosted E&S premiums 65% YOY in Q2.   Watch more

01 Sep 2014

ACORD Tech Talk: The Internet of Things – Part 1.

ACORD Tech Talk: The Internet of Things – Part 1.

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses “The Internet of Things”.  Watch more

26 Aug 2014

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

In a recent report on investment allocations, A.M. Best looked at increased investment by U.S. insurers in non-traditional asset classes. In this edition of First Monday, analysts say low interest rates make schedule BA securities more attractive, even though they can be more volatile.    Watch more

27 Aug 2014

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: FSOC preliminarily designates MetLife a nonbank SIFI: IAIS' meeting closures prompt warnings; CT. insurance commissioner on NAIC president ;FEMA denies post-Iselle assistance to Hawaii; Fewer than 5% of Californians in quake-hit area owned earthquake insurance. And more   Watch more

07 Sep 2014

WRIN.tv Week in Review: August 25-29, 2014.

WRIN.tv Week in Review: August 25-29, 2014.

 Q2'14 P&C underwriting results; NAIC adopts new monitoring framework for life insurers' captive transactions;  Earthquake coverage; Ironshore; ACORD Tech Talk: The Internet of Things.  Mid-season Hurricane Report; Insurers are expected to increase investments in BA securities; and more.   Watch more

29 Aug 2014

Momentum continues to build for Insurance M&A, according to Deloitte.

Momentum continues to build for Insurance M&A, according to Deloitte.

The number of mergers and acquisitions in the insurance industry fell in 2013 compared to 2012. Here, WRIN.tv speaks with Boris Lukan. Principal in Deloitte’s U.S. Property & Casualty Insurance Consulting practice, about deal activity and the future of M&A in insurance.  Watch more

02 Sep 2014

There are ways to predict injured worker outcomes according to WCRI

There are ways to predict injured worker outcomes according to WCRI

Returning injured workers to the job as quickly as possible is often better for the worker’s recovery, and for the organization providing workers comp coverage. But the speed of return-to-work can vary based on the individual.    Watch more

04 Sep 2014

WRIN.tv Week in Review: September 1 - 5, 2014.

WRIN.tv Week in Review: September 1 - 5, 2014.

 Top EQ writers in California; US P&C industry Q2 statutory underwriting results; Fitch report on consolidation among reinsurers; Berkshire Hathaway boosted its E&S premiums; new series on Cyber Risk; WCRI on ways to predict injured worker outcomes; M&A activity in the insurance sector.   Watch more

05 Sep 2014

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: US hit with more than $4B of economic losses from August natural disasters; TRIA reauthorization; S&P says reinsurers need 2 'shock scenarios' to turn pricing; Reinsurers must innovate to see off threat from Google; Driverless cars, safety features to help reduce claim frequency;  And more    Watch more

14 Sep 2014

Eye on the Storm – AIR says Iselle was a "myth buster" when it made landfall in Hawaii.

Eye on the Storm – AIR says Iselle was a

  Hawaii’s residents faced high winds and torrential rainfall from the first tropical cyclone to hit the Big Island since 1958. AIR Worldwide Manager and Principal Scientist Scott Stransky reports on what turned out to be "a very unique storm."    Watch more

11 Aug 2014

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Industry executives from Europe and around the world have assembled in Monte Carlo at the RendezVous de Septembre, to discuss the state of the industry in anticipation of upcoming reinsurance renewals.      Watch more

15 Sep 2014

Duperreault buoyant about the future despite market challenges

Duperreault buoyant about the future despite market challenges

Brian Duperreault has had a “Hall of Fame” career. He was inducted in the Insurance Hall of Fame in 2011 and retired in 2012 from MMC.  Last year, he formed Hamilton Insurance Group out of Bermuda, designed to focus on property-casualty reinsurance. WRIN.tv spoke with Mr. Duperreault during the RendezVous in Monte Carlo.      Watch more

15 Sep 2014

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman, President and CEO Tad Montross speaks with WRIN.tv at the Monte Carlo RendezVous about the state of the reinsurance market and issues buyers are facing in light of influx of alternative capital.   Watch more

17 Sep 2014

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington Insurance Company President & CEO Jeremy Johnson discusses the management of losses from natural catastrophes, Lexington’s new coverage for unmanned aerial vehicles (drones) and innovation at Lexington.  Watch more

11 Sep 2014