EMERGING TRENDS FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories WRIN.tv Newswire National Flood & TRIA Remain Top Legislative Issues in New Congress – NAMIC CEO Chuck Chamness, CEO of the National Association of Mutual Insurance Companies (NAMIC), discusses the challenges of working with a new Congress. He notes that there several major issues to address with the House Financial Services Committee, Senate Banking and the Trump Administration such as the National Flood Insurance Program (NFIP) and the Terror Risk Insurance Act (TRIA). Mr. Chamness points … Read More
AMBest-Channel Claims Management COMMERCIAL RISK Corporate Risk Management/ERM Markets P&C Recent Stories WRIN.tv Newswire Mutuals thrive despite $17B in CAT losses – A.M. Best. Kimberly Muccia, a Financial Analyst at A.M. Best Company, comments on the impact of catastrophic losses on the financial strength of insurers. Among the catastrophes affecting the auto and homeowner lines of business in 2018 were hurricanes and wildfires, resulting in about $17 billion for the Mutual Insurance segment alone. Despite the losses, Mutuals posted approximately a 6 percent increase … Read More
COMMERCIAL RISK FEATURED Homeowner/Renter/Auto Markets P&C Recent Stories WRIN.tv Newswire Long view makes ‘world of difference’ to Mutual insurers – Conning. Jerry Theodorou, a Vice President of Insurance Research at Conning, previews a strategic study that looks at Mutual property-casualty insurance companies. According to Mr. Theodorou, there is an elevated degree of concern in five areas: technology, expense ratios, the war for talent, demographic and sociodemographic changes, and the future for personal auto. Conning is finding Mutuals are reacting proactively with … Read More
INDUSTRY NEWS Legislation/Regulation Markets P&C WRIN.tv Newswire Mutual insurers positioned well for continued growth in 2017 – NAMIC CEO. WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurance Companies (NAMIC), about the state of the Mutual insurance sector. Mr. Chamness says 2016 was a good year for Mutuals; it was a good year for the insurance industry overall. Most Mutuals had profitable years and growth. He does, however, point to several challenges facing … Read More
Data/Tech/Modeling EMERGING TRENDS Emerging technologies will improve carrier marketing – shape customer experience. Truman Esmond, VP of Customer Engagement at American Association of Insurance Services (AAIS), discusses technology trends affecting insurers, and how they will shape target marketing and the customer experience going forward. Speaking from the 2016 NAMIC Convention, Mr. Esmond says insurers are concerned about several major issues including technology and data, challenges with the customer experience, traditional and nontraditional competitors. He says the hottest trends affecting insurance products surround the … 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
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 Markets Reinsurance Markets REINSURANCE/ILS Swiss Re exec on Mutual market share, disruptive technologies, nat cat market and growth Keith Wolfe, President US P&C at Swiss Re, provides an overview of a recent Sigma Report on the Mutual sector, the impact of disruptive technologies, the nat cat market and growth. Commenting on Swiss Re’s Sigma Report, Mr. Wolfe that says the Mutual Insurance sector is stronger than ever, with an increase in market share since the 2008 financial crisis. Mr. Wolfe sees technology and … Read More
INDUSTRY NEWS Markets Uncategorized ICMIF Chief Exec on Mutual growth & governance, tech opps, microinsurance and NAMIC Convention Shaun Tarbuck, Chief Executive of ICMIF, the International Cooperative and Mutual Insurance Federation, comments on the growth in market share among Mutual Insurers, as reported by Swiss Re in a recent Sigma Report. He sees three main reasons for the expansion: Trust, Improved Marketing, and greater customer awareness of alternatives that are “mutual.” Mr. Tarbuck also address challenges Swiss Re … Read More
Legislation/Regulation Markets Mutuals gaining share on trust/awareness. Board/Gender Balance enhancing governance – ICMIF Chief. In this segment of a full-length interview with Shaun Tarbuck, the ICMIF Chief Executive comments on the growth in market share among Mutual Insurers, as reported by Swiss Re in a recent Sigma Report. He sees three main reasons for the expansion: Trust, Improved Marketing, and greater customer awareness of alternatives that are “mutual.” Mr. Tarbuck also address challenges Swiss … Read More
INDUSTRY NEWS Recent Stories WRIN.tv Week in Review January 19-23, 2015 Last week on WRIN.tv… Monday Morning Headlines, provided by SNL Insurance, included: FSOC meeting to consider changes to SIFI designation process. MetLife taking opposition to its “premature” SIFI designation to court. The Federal Reserve is beefing up its insurance team. Lots of movement among insurance regulators at the NAIC, as well as Pennsylvania and Texas And Aon Impact Forecasting reported … Read More
