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 …

On the Road at the Joint Industry Forum in New York, WRIN.tv asked several insurance trade association executives to consider the impact of the new Trump Administration on various sectors of the insurance industry. Here, we share the hopes, concerns and expectations of: Michael Morrissey, President & Chief Executive Officer of the International Insurance Society (IIS) David Sampson, President and …

NAMIC’s Chuck Chamness gives an update on St. Baldrick’s, a charity with deep ties to the insurance industry that raises money for childhood cancer research. NAMIC President and CEO Chuck Chamness also serves as Chairman Emeritus of the St. Baldrick’s Foundation, which supports childhood cancer research through unique fund-raising events where volunteers shave their heads to support the cause. Here, Mr. …

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 …

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, …

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 …

WRIN.tv spoke with NAMIC President and CEO Chuck Chamness during the Annual Convention of the National Association Mutual Insurance Companies in Vancouver. Mr. Chamness sees the creep of international regulation and technology among the issues facing mutual, and all insurers today. Technologies, he says, can provide ways for Mutuals to stay in touch with the customers…to help policyholders feel part …

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 …

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 …

In this edition of WRIN.tv Headline News (click on the headline for the full story): • The 2016 Olympics are underway thanks in part to insurers writing over a billion dollars in coverage for terror, crime, safety and the Zika virus  • The augmented reality game Pokemon GO is spawning lawsuits and liability questions • A new RIMS Report provides …

The evolution and innovation in drone technology appears to be outpacing the regulatory process. While initial FAA regulations for commercial drone use go into effect by the end of August, the FAA has assembled an Unmanned Aircraft Safety Team to assess drone-use more closely. The FAA’s Safety Team will provide recommendations to ensure that drones do not put people or …

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  …

WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurers, during the recent Joint Industry Forum in New York. We asked him how Mutuals fared in 2014, and for his comments on international regulatory standards, tort reform, and other issues such as the HUD Disparate Impact Standard. Among the topic Mr. Chamness discussed are:  Post-financial …

WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurers, during the recent Joint Industry Forum in New York. We asked him how Mutuals faired in 2014, and for his comments on international regulatory standards, tort reform, and other issues such as the HUD Disparate Impact Standard. Among the issues that face the insurance industry …

WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurers, during the recent Joint Industry Forum in New York. We asked him how Mutuals faired in 2014, and for his comments on international regulatory standards, tort reform, and other issues such as the HUD Disparate Impact Standard. With numerous Federal regulation and legislation grabbing headlines …

WRIN.tv spoke with Chuck Chamness, President and CEO of the National Association of Mutual Insurers, during the recent Joint Industry Forum in New York. We asked him how Mutuals faired in 2014, and for his comments on international regulatory standards, tort reform, and other issues such as the HUD Disparate Impact Standard. Through nine months in 2014, Mutual Insurers were …

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 …