Claims Management Data/Tech/Modeling EMERGING TRENDS FEATURED Homeowner/Renter/Auto INDUSTRY NEWS P&C Recent Stories Reinsurance Markets Travel WRIN.tv Newswire Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO Mica Cooper, CEO & President of Aisus/InsureCrypt opens up about so-called ‘disruption’ in the insurance industry. According to Mr. Cooper, we’re not seeing it… Mr. Cooper notes how much people are talking about innovation, disruption, evolution and revolution in the insurance industry. He sees innovation artificial intelligence (AI) and machine learning. He points out that some innovation is “not legal”, … Read More
Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS Customer centricity, together with technologies and re-engineering creates “Magic.” According to James Dodge, the “umbrella disruptors” to the insurance industry are the Internet of Things (IoT) along with the data it provides and the cyber risk that is inherent. Mr. Dodge is Practice Leader, Advanced Analytics & Data Solutions at Milliman. He sees profound changes in computing technologies and the “as a service cloud business model” mitigating the advantages … 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
Data/Tech/Modeling EMERGING TRENDS FEATURED Homeowner/Renter/Auto INDUSTRY NEWS Legislation/Regulation Recent Stories Working in Risk & Insurance WRIN.tv Newswire III CEO sees “Disruption Continuum” as New Norm for insurers. 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 … Read More
Brokers/Consultants Data/Tech/Modeling EMERGING TRENDS FEATURED REINSURANCE/ILS WRIN.tv Newswire Willis Re CEO sees brokers reinventing themselves…delivering value through innovation. 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 … Read More
Claims Management FEATURED Homeowner/Renter/Auto INDUSTRY NEWS Recent Stories Reinsurance Markets WRIN.tv Newswire Will 2017 be a record CAT year? – I.I.I. CEO comments. 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 … Read More
Auto/Marine/Aviation CONSUMER RISK Data/Tech/Modeling EMERGING TRENDS FEATURED Homeowner/Renter/Auto “Trifecta of Disruptive Trends” hitting auto insurance market. Over the past decade, a steady flow of disruptive forces has impacted the personal auto insurance market, including telematics, the sharing economy and autonomous vehicles. AAIS Auto Product Manager Casey Brewer discusses how they are reshaping the Personal Auto insurance market, and myriad challenges and opportunities it creates for carriers. Telematics programs provide insurers with access to vast amounts … 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 EMERGING TRENDS FEATURED INDUSTRY NEWS P&C Insurers need to sense, vet, and test new ideas to deal with “disruption.” According to Paul Carroll, CEO and Editor-in-Chief of Insurance Thought Leadership (ITL), this is a “hugely important time in the (insurance) industry.” He describes “five stages of disruption“, which he has seen in other industries for some time. Mr. Carroll says the industry is out of the “denial phase” and now in the “Cambrian stage”, with billions of dollars being … 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