Data/Tech/Modeling FEATURED Recent Stories REINSURANCE/ILS WRIN.tv Newswire Customer Experience…a Modern Differentiator for Insurers – BMS Re CEO Companies are challenged to find opportunities for growth in a competitive landscape. According to BMS Re U.S. CEO Steve Korducki, the differentiator lies in technology and customer service. Mr. Korducki sees growth for insurers in cyber coverage and insurtech, particularly when organizations utilize tech-focused risk mitigation technology. Changing consumer demographics and market shifts, combined with technology advancements, mean a change … Read More
CONSUMER RISK EMERGING TRENDS FEATURED Homeowner/Renter/Auto Life Insurance Recent Stories WRIN.tv Newswire “Amazoned” consumers present challenges & opportunities to personal lines insurers. According to Sean Kevelighan, President & CEO of the Insurance Information Institute (III), says catastrophes, both natural and man-made, are having a large impact on personal lines insurance carriers. An increase in natural catastrophe has an impact on auto and homeowner’s insurance, and the “vastly underserved” flood market continues to be an issue. The auto insurance market is being impacted … Read More
EMERGING TRENDS Legislation/Regulation FIO sees cyber insurance as deterrent to cyberattacks…u/w guidelines coming Sources told SNL Financial that FIO believes cyber insurance could serve as a deterrent to cyberattacks and is developing underwriting guidelines to help increase coverage. FIO is also looking at cyber insurance coverage as a risk mitigation solution for cyber hacking crime. This could include a claims database that would help insurers better develop and price policies for potential risks Read More