Insurance Information Institute (III) Chief Administrative Officer Laura Favinger shares her thoughts on major issues facing the U.S. insurance industry, including insurer and policyholder resilience, technology and cyber risk, the industry’s talent gap and global economic and political upheaval. For insurance customer, including homeowners and renters, Ms. Favinger addresses the need to ensure proper insurance coverage, “the right types, the …

Insurers are doing a balancing act between operational excellence and the changing insurtech landscape. Karen Furtado, a partner at Strategy Meets Action sees insurers struggling with how to adapt, how to adopt, and how to change their culture to deal with the ‘new reality’ while maintaining a high degree of service. Ms. Furtado sees endless opportunity in today’s economy. Insurers …

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 …

Kevin Kelley, CEO of Ironshore, addresses the key concerns of risk managers today, including emerging technology, the “Trump effect”, PPPs, M&As, and more. One of the biggest concerns of risk managers is technology and how digital transformation will affect their business and how exposures may change as a result. Emerging technologies are having a significant impact on risk managers. According …

“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. …

WRIN.tv speaks with Frank Nutter, President and CEO of the Reinsurance Association of America (RAA), about the state of the reinsurance market, capital growth, a US/EU covered agreement, and growth. According to Mr. Nutter, the market remains highly competitive. Capacity and capital increased in 2016, which contributed to rates being flat to down – a good thing for buyers. Capital …

The Global Risks Report 2017, published at The World Economic Forum in Davos, features perspectives from nearly 750 experts on the perceived impact and likelihood of 30 prevalent global risks as well as 13 underlying trends that could amplify them or alter the interconnections between them over a 10-year time-frame. This year’s findings include five key challenges that the world …

The insurance industry struggles to attract and retain next generation professionals.  Here, WRIN.tv speaks with Monica Ningen, Head Property Underwriting in the U.S. & Canada at Swiss Re about the Talent Gap in the insurance industry.  She was named to Business Insurance’s list of Woman to Watch in 2015, and shared her thoughts on the misconceptions about a career in …

Low interest rates, pressure on pricing, M&A activity, and disruptive technology are all shaping the outlook for the risk and(re)insurance industry for 2016. Here, WRIN.tv summarizes several of the recent forecasts published by industry analysts and thought leaders. Swiss Re sees economic momentum supporting growth in the insurance sector, even with headwinds like slower growth in China, lower commodity prices …

Dr. Robert Hartwig, President of the Insurance Information Institute (III), shares his outlook on key segments of the insurance industry, including the commercial P&C market, personal lines, agents and brokers, and reinsurance. Among the highlights: Economy, jobs, infrastructure investment hitting Commercial P&C market Millennials postponing household formation affecting Personal Lines Insurance agents/brokers still consolidating and attracting next gen Will return …

Dr. Robert Hartwig, President of the Insurance Information Institute (III), joins WRIN.tv for a broad discussion on the impact of economic conditions on the insurance industry, cyber risk, and growth opportunities. Among the highlights: Economic tailwinds and interest rate headwinds are affecting insurers It’s “early days” of rapidly evolving cyber risk and cyber insurance Is “risk management” at risk with growth …

In a recent edition of A. M. Best’s First Monday series, host John Weber welcomed Jim Gillard, VP of Credit Rating Criteria, to discuss how U.S. economic growth is highlighting the divergence between the United States and the rest of the world. Mr. Gillard estimates that U.S. GDP will grow an average 3% in 2015, which will stimulate job growth …

An EXCLUSIVE Interview with UK's David Ruffley MP; EU debates sanctions on Iran oil, IMF bails out Greece, Legislative Brief on Tort Reform.