Auto/Marine/Aviation COMMERCIAL RISK Education/Certification EMERGING TRENDS FEATURED Recent Stories WRIN.tv Newswire Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs 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 … Read More
Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS WRIN.tv Newswire Disruption in insurance industry is “all about data”…and blockchain – The Institutes CEO. According to The Institutes President & CEO Pete Miller, disruption in the insurance industry “is all about data” and related technologies. Insurance is the “original big data industry”, and Mr. Miller sees a confluence of new technologies coming that will enable better decision making around data. Mr. Miller sees adoption as a challenge to the insurance industry. Those that do … Read More
COMMERCIAL RISK EMERGING TRENDS FEATURED Homeowner/Renter/Auto Legislation/Regulation P&C Specialty Lines Uncategorized WRIN.tv Newswire AAIS CEO on disruptive technology, new economy, regulation & ‘CannaBOP.’ 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, … Read More
Data/Tech/Modeling EMERGING TRENDS INDUSTRY NEWS WRIN.tv Newswire What is Microsoft doing in the insurance industry? Think data, analytics, security & the cloud. 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 … Read More
Claims Management Data/Tech/Modeling INDUSTRY NEWS Reinsurance Markets WRIN.tv Newswire Industry learning as it copes with $100B in losses from 2017 hurricanes – RMS. 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 … Read More
Auto/Marine/Aviation CONSUMER RISK Data/Tech/Modeling EMERGING TRENDS FEATURED Homeowner/Renter/Auto Recent Stories Working in Risk & Insurance WRIN.tv Newswire Distracted Driving / Higher Repair Costs pushing auto premiums higher – III CEO. “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. … Read More
Data/Tech/Modeling INDUSTRY NEWS WRIN.tv Newswire “Digitization” compelling carriers to rethink investment in Technology – ACORD CEO. In part one of a two-part Tech Trends in Insurance report, WRIN.tv speaks with Bill Pieroni, President & CEO of ACORD, about the disruptive effect data and technology has had on the insurance industry. He notes that more recently, there are a number of issues that are increasing the importance of technology and data usage today. Mr. Pieroni says forces … Read More
WRIN.tv Newswire InsurTech’s Challenge To The Insurance Industry Could Open Long-Term Opportunities – S&P Global We have observed emerging InsurTech trends in a broad variety of product offerings, which could complement or change the insurance business model. In our view, InsurTech has not developed as far as the banking sector equivalent, FinTech, which is already taking some bank market share. As insurance is highly regulated and capital-intensive, with high barriers to entry, we regard InsurTech … Read More
CONSUMER RISK EMERGING TRENDS Homeowner/Renter/Auto Ride Sharing / Vehicle Sharing require new insurance forms to cover emerging auto risks. In part two of this special AAIS Advisory Report on the auto insurance market, John Kadous, VP of Personal Lines at AAIS, talks about how emerging exposure, technology and Big Data are impacting carriers’ approach to auto policies. With increasing uptake of telematics, we see more data is being generated and more underwriting tools for auto insurance carriers. Mr. Kadous … Read More
Brokers/Consultants Data/Tech/Modeling Health Insurance Homeowner/Renter/Auto Insurers finding “relevance” in Big Data and “Holistic Lifestyle” coverage Bryon Ehrhart , Global Head of Strategic Growth & Development at Aon Benfield, discusses the threats and opportunities in today’s insurance market. Mr. Ehrhart says the threats do not surround the same issues faced 20 years ago after Hurricane Andrew and the Northridge Earthquake. Now that the industry has managed the risk down to lower levels of earnings and capital, … Read More
WRIN.tv Newswire DavidShield App wins “Most Innovative Use of Technology in Global Mobility” at FEM APAC Summit 2016 LONDON, September 20, 2016 DavidShield won the prestigious Expatriate Management and Mobility Award (EMMA), recognizing best practice and outstanding contribution in global mobility, at the FEM APAC Summit held at the Orchard Hotel in Singapore on September 8, 2016 DavidShield, a privately-held Managing General Underwriter and Administrator (MGU/MGA) and a leader in expatriate health insurance, announced today that its DavidShield … Read More
COMMERCIAL RISK Data/Tech/Modeling EMERGING TRENDS FEATURED ILS & Capital Markets Markets P&C Recent Stories Specialty Lines Lexington CEO comments on data/risk modeling, 2015 hurricane season, capital and commoditization During the 2015 National Association of Professional Surplus Lines Offices (NAPSLO) Convention in San Diego, WRIN.tv spoke with Jeremy Johnson, President & CEO of Lexington Insurance, where he discusses the transformational impact data and modeling has had on all industries like insurance, the “benign” 2015 hurricane season and the danger of insurance being commoditized due to the influx of alternative … Read More
Accident/Disability INDUSTRY NEWS Life Insurance Markets P&C Recent Stories EY Insurance Leader looks at aging populations, regulation, cyber and other issues facing the sector Shaun Crawford, Global Insurance Sector Leader at Ernst & Young, spoke with WRIN.tv at the 2015 Global Insurance Forum, about major issues facing the insurance industry, including an aging population, regulatory changes, data and cyber risk…and more. Highlights of his discussion include: The challenges of an aging population and the burden it places on the healthcare system Regulatory standards could … Read More
Companies P&C Insurance industry needs talent that can interpret Big Data to price/underwrite risk Shaun Crawford, Global Insurance Sector Leader at Ernst & Young, speaks with WRIN.tv during the 2015 Global Insurance Forum, about the need for the insurance industry to recruit talent. According to Mr. Crawford, acquiring and retaining “talent” is a significant issue for the insurance industry. With much of the core tasks in the industry now handled by machines, insurers are … Read More
Claims Management Data/Tech/Modeling EMERGING TRENDS Homeowner/Renter/Auto Life Insurance Growth opportunities exist for insurers in aging population and improved info on CAT events Shaun Crawford, Global Insurance Sector Leader at Ernst & Young, speaks with WRIN.tv during the 2015 Global Insurance Forum, about growth opportunities presented by demographic changes and ways to prevent catastrophes. Mr. Crawford sees opportunity for insurers in changing demographic and retirement. When a person retires in a developed market at 60-65 years of age, they will likely live another … Read More
Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS P&C Recent Stories Technology disrupting supply chains…and the insurance industry – Head of Technology at Deloitte At the European Insurance Forum in Dublin, WRIN.tv spoke with Harry Goddard, Head of Technology at Deloitte, about the pace of change impacting the insurance industry. He says the pace of change is quickening, because of the ‘consumerization’ of data and technology. Consumers are becoming more sophisticated in how they engage with companies and service providers. Mr. Goddard notes three … Read More
Agents/Brokers/Consultants Claims Management Corporate Risk Management/ERM Data/Tech/Modeling FEATURED Recent Stories Insurance industry needs to “demystify” risk analytics to gain greater acceptance John Merkovsky, Group Head of Risk Services at Willis, spoke with WRIN.tv during the 2015 RIMS Conference in New Orleans, about the latest in risk management analytics, and the need to unlock the mysteries surrounding their benefits. Risk Managers are looking for more information and certainty so they can make better and informed decisions. Mr. Merkovsky says risk analytics help … Read More
FEATURED INDUSTRY NEWS P&C People Recent Stories The Institutes CEO believes change makes this an exciting time to be in the insurance Industry Peter Miller, President and CEO of The Institutes, joins WRIN.tv to discuss talent acquisition and development, cyber risk, Big Data and more. According to Mr. Miller, there is a large number of skilled people who are getting ready to leave the industry. The Bureau of Labor Statistics says that by 2022 the insurance industry will have to fill around 500,000 … Read More
CONSUMER RISK Life Insurance Recent Stories A.M. Best reviews “Stable” U.S. Life/Annuities Segment The low-interest rate environment has had a negative impact on Life and Annuity insurers causing them to redesign and re-price products with less generous features. In highlights from A.M. Best’s First Monday series, Vice President Steven Irwin and Assistant Vice President Rosemarie Mirabella review the challenges and opportunities within the U.S. Life/Annuity sector. According to Mr. Irwin “A.M. Best has … Read More