AMBest-Channel EMERGING TRENDS FEATURED INDUSTRY NEWS Markets WRIN.tv Newswire The “Protection Gap”, Technology…and the risk of “Complacency” Andrea Keenen, Senior Managing Director and Head of Industry Relations at A.M. Best Company, shares her thoughts on the “protection gap”, technology, and the impact of economic growth on insurance. The “protection gap” exists around the world, including the United States. Many people are simply not buying the insurance they need. She notes that governments around the work and the … Read More
Claims Management COMMERCIAL RISK Corporate Risk Management/ERM EMERGING TRENDS FEATURED P&C Recent Stories Specialty Lines WRIN.tv Newswire “Lone Wolf Terror” and the rapid evolution/frequency of liability exposures. Saad Mered, Group Chief Claims Officer at Zurich, lays out key concerns of risk managers today including the emergence of liability internationally, the frequency of claims, and the unexpected impact of “lone wolf terror” attacks. Mr. Mered sees the rapid evolution of liability frameworks in many countries as surprising to risk managers and carriers alike. The trend is emerging even … Read More
Data/Tech/Modeling EMERGING TRENDS Homeowner/Renter/Auto INDUSTRY NEWS Recent Stories Specialty Lines WRIN.tv Newswire Cyber Update: Ransom-ware of Things, Malware as a Service Industry, Risk Management Tips. Emy Donavan, Global Head of Cyber at Allianz Global Corporate & Specialty, provides an update on the world of cyber risk, including an increase in attacks on consumer devices, malware as a business, and tips for risk managers looking to prepare for inevitable attacks. More recent developments in cyber risk include an increase in attacks on consumer devices such as … Read More
COMMERCIAL RISK Corporate Risk Management/ERM EMERGING TRENDS FEATURED P&C Specialty Lines Uncategorized WRIN.tv Newswire Ironshore CEO discusses emerging tech, the “Trump Effect”, PPPs, M&As and more. 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 … Read More
Data/Tech/Modeling EMERGING TRENDS AAIS CEO sees opportunities in “disruptors” like transportation networks/drones. AAIS President and CEO Ed Kelly speaks with WRIN.tv about technology challenges and opportunities posed by “disruptors.” While ‘retaining talent’ and ‘competition’ are among the major issues facing all insurers, Mr. Kelly sees technology as the biggest challenge. He says cyber risk is on everyone’s mind, particularly CEOs. Unfortunately, much of the focus for insurers revolves around legacy systems, and should be more about … Read More
Data/Tech/Modeling EMERGING TRENDS INDUSTRY NEWS Recent Stories Game-changing, drones come with new risks and evolving regulation The commercial use of drones is expected to grow rapidly as companies like Amazon and UPS look to use drones to support their activities. Drones can potentially change business models for a number of industries, including insurance. Here, A.M. Best AVP Henry Witmer discusses the use of drones, related liability exposures and the underwriting challenges insurers face. According to Mr. … Read More
Claims Management EMERGING TRENDS Specialty Lines Insurance Industry wants NICB to get more involved in cybercrime Roger Morris from the National Insurance Crime Bureau (NICB) tells WRIN.tv that cybercrime and Identity Theft are “huge problems. The NICB Chief Communications Officer. A recent survey of insurance companies has now officially engaged the NICB. According to Mr. Morris, the insurance industry is principally concerned with Identity Theft. During the underwriting and/or claims proves, Mr. Morris says it is … Read More
