CONSUMER RISK EMERGING TRENDS Homeowner/Renter/Auto Legislation/Regulation Recent Stories Travel WRIN.tv Newswire FL Commissioner Optimistic about Emerging Consumer Products/Services Florida Insurance Commissioner David Altmaier discusses issues that are top-of-mind among regulators, including the amount of data in the public domain regarding consumers. While there are many positive uses of data, regulators are looking to make sure that insurance carriers are using it appropriately. Commissioner Altmaier, acknowledges the “good work” being done by companies like AAIS to educate consumers, regulators … Read More
CONSUMER RISK Data/Tech/Modeling EMERGING TRENDS Homeowner/Renter/Auto Recent Stories WRIN.tv Newswire New Revenues for Insurers Exist in Sharing Economy – Re-Sure CEO According to Re-Sure co-founder and CEO Gautham Pedditbhotla, consumers are looking for products that “suit their lifestyle”, such as usage-based insurance (UBI). He suggests consumers who do not own assets are not getting the coverage they need from traditional insurance products. Carriers are looking to offset losses in revenue due to the reduction in “asset ownership.” Opportunities are plentiful, depending … Read More
CONSUMER RISK EMERGING TRENDS Homeowner/Renter/Auto Ride Sharing / Vehicle Sharing require new insurance forms to cover emerging auto risks. In part two of this special AAIS Advisory Report on the auto insurance market, John Kadous, VP of Personal Lines at AAIS, talks about how emerging exposure, technology and Big Data are impacting carriers’ approach to auto policies. With increasing uptake of telematics, we see more data is being generated and more underwriting tools for auto insurance carriers. Mr. Kadous … Read More
