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
FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories Deloitte Partner expresses concern: Are the regulators ready for Solvency II? Glenn Gillard, a Financial Services Partner at Deloitte, speaks about the implementation of Solvency II, Base Erosion Profit Sharing (BEPS), and conduct regulations that could affect insurers in the near future. The final phase of preparing for Solvency II is coming to an end said. Mr. Gillard believes the current challenges surround what is going to be delivered, especially around … Read More
Companies Reinsurance Markets Deloitte reports reinsurance M&As could hurt Lloyd’s In a recent report, Deloitte said the rush of reinsurance M&A activity could be a “double-edged sword” for the Lloyd’s market. Reinsurers seem eager to grab a bigger piece of the Lloyd’s pie, but Deloitte said consolidation could hurt the market in the long run. Recent deals include Fairfax Financial’s proposed acquisition of Brit…and XL’s deal to acquire Catlin. Read More
Claims Management Homeowner/Renter/Auto INDUSTRY NEWS Markets P&C Recent Stories Reinsurance Markets WRIN.tv Week in Review: February 2 – 6, 2015 Last week on World Risk and Insurance News…. Monday Morning Headlines from SNL Insurance featured NAIC’s IT guidance for Cybersecurity; Florida’s Governor seeking advice on new insurance commissioner; the PartnerRe/AXIS Capital merger is expected to create the 5th largest P&C reinsurer, ACE’s CEO commenting on consolidation in reinsurance , Progressive’s declining agency auto business, and Travelers’ ascent. Retired General Keith … Read More
ILS & Capital Markets Legislation/Regulation Recent Stories New Capital, Capital Standards & Regulatory Compliance spell “trouble” for insurers Howard Mills is a Senior Advisor at Deloitte. Recently, he spoke with WRIN.tv about issues surrounding capital in the (re)insurance industry, as well as global and U.S. regulatory efforts to develop appropriate capital standards. Mr. Mills says the impact of “new capital” coming into the insurance market is a key issue in 2015. He wonders if new entrants into the … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Insurance leaders from III, AIA, NAMIC, RAA and Deloitte react to TRIA renewal During the Joint Industry Forum in New York, World Risk and insurance News (WRIN.tv) asked industry leaders to react to the renewal of the Terror Risk and Insurance Act (TRIA). Here, we have commentary from Insurance Information Institute (III) President Bob Hartwig, NAMIC President and CEO Chuck Chamness, American Insurance Association (AIA) President & CEO Leigh Ann Pusey, Reinsurance Association … Read More
