Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS WRIN.tv Newswire Disruption in insurance industry is “all about data”…and blockchain – The Institutes CEO. According to The Institutes President & CEO Pete Miller, disruption in the insurance industry “is all about data” and related technologies. Insurance is the “original big data industry”, and Mr. Miller sees a confluence of new technologies coming that will enable better decision making around data. Mr. Miller sees adoption as a challenge to the insurance industry. Those that do … Read More
Claims Management Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS WRIN.tv Newswire Blockchain is coming…no one is exempt – The Institutes CEO In this edition of WRIN.tv’s Tech Trends in Insurance, The Institutes President and CEO Peter Miller describes the way Blockchain will change the business of insurance in the future. “It is the plumbing.” Blockchain has the potential to reduce costs, decrease transaction time, improve customer service, enable new product development and affect better financial results – the impact is significant … Read More
CAREERS/PROFESSIONAL DEVELOPMENT FEATURED People Recent Stories Working in Risk & Insurance WRIN.tv Newswire The need to shed “boring” label to bridge “talent gap.” The insurance industry struggles to attract and retain next generation professionals. Here, WRIN.tv speaks with Monica Ningen, Head Property Underwriting in the U.S. & Canada at Swiss Re about the Talent Gap in the insurance industry. She was named to Business Insurance’s list of Woman to Watch in 2015, and shared her thoughts on the misconceptions about a career in … Read More
FEATURED INDUSTRY NEWS P&C People Recent Stories The Institutes CEO believes change makes this an exciting time to be in the insurance Industry Peter Miller, President and CEO of The Institutes, joins WRIN.tv to discuss talent acquisition and development, cyber risk, Big Data and more. According to Mr. Miller, there is a large number of skilled people who are getting ready to leave the industry. The Bureau of Labor Statistics says that by 2022 the insurance industry will have to fill around 500,000 … 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
Data/Tech/Modeling FEATURED INDUSTRY NEWS Recent Stories Working in Risk & Insurance The Institutes President/CEO talks about the underwriting profession of today…and tomorrow Peter Miller, President and CEO of The Institutes joined WRIN.tv during the Joint Industry Forum in New York to discuss the many changes affecting the underwriting discipline over the past few years, including the impact of technology, data and the opportunities they present to underwriting professionals. Top three factors affecting underwriters today all revolve around technology Telematics, data analytics and … Read More
Data/Tech/Modeling Telematics, data analytics, “internet of things” to influence future role of underwriters The Institutes President and CEO Peter Miller sees underwriters using technology to gather and use information including telematics, data analytics and other data collection techniques. Technology has also affected underwriters’ workflow, making it easier to collaborate with claims and other part of the organization. Mr. Miller also believes “the internet of things” will play a big role in data collection. … Read More
People Opportunities abound for underwriting professionals/millennials looking for exciting career Peter Miller, President and CEO of The Institutes, is optimistic about opportunities for underwriters. The Bureau of Labor Statistics (BLS) reports 33,000 openings for underwriters through 2020. In addition, the insurance industry follows society, so where there is growth in areas like energy, transportation and healthcare, there is opportunity in underwriting risks in those areas. Mr. Miller says The Institutes … Read More
People Certification provides underwriters with necessary knowledge and credibility Certification is important to the insurance industry for two reasons, according to Peter Miller, President and CEO of The Institutes. “One is knowledge; the other is credibility.” Certification is an objective measure that says you are “up-to-speed on an industry that is changing rapidly.” Mr. Miller also notes that a third party certification makes underwriters presence more credible, lending credibility … Read More
People Evolving skillset for underwriters includes analysis, critical thinking and interpersonal skills. The role of underwriter has evolved quickly over the past few years. Peter Miller, The Institutes President and CEO, believes the skillsets underwriters need to acquire are changing to include the ability to sift through tremendous amounts of data. He says underwriter need “to turn data into information.” He also believes underwriters must be able to think critically while understanding … Read More
Data/Tech/Modeling Top three factors affecting underwriters today all revolve around technology Peter Miller, President and CEO of The Institutes joined WRIN.tv during the Joint Industry Forum in New York to discuss the many changes affecting the underwriting discipline over the past few years, including the impact of technology, data and the opportunities they present to underwriting professions. According to Peter Miller, President and CEO of The Institutes, the top factors affecting … Read More
