Data/Tech/Modeling EMERGING TRENDS INDUSTRY NEWS Recent Stories WRIN.tv Newswire BriteCore CEO sees Big Upside for Carriers Embracing Tech Changes BriteCore CEO Phil Reynolds discusses the insurance industry’s movement towards microservices and shares insights on how companies that embrace change and ‘engage the complication’ gain an enormous competitive advantage. Mr. Reynolds sees many insurers “stuck in legacy systems.” He believes microservices can provide a path forward and alternative to the “Big Bang Conversion.” He also sees a lot of movement … Read More
CONSUMER RISK Data/Tech/Modeling EMERGING TRENDS Homeowner/Renter/Auto Recent Stories WRIN.tv Newswire Auto insurers face challenges and opportunities related to new technologies. According to AAIS Product Manager Casey Brewer, the biggest issues facing auto insurers today revolve around technology and the speed of technological change. Technology is changing the nature of the risk to the vehicle, as well as driver behavior and distracted driving and the insurer’s operations. Ironically, the opportunities auto insurers have are related to the challenges. New technologies are … Read More
CAREERS/PROFESSIONAL DEVELOPMENT Companies Data/Tech/Modeling EMERGING TRENDS FEATURED INDUSTRY NEWS Recent Stories WRIN.tv Newswire Grow by Solving Society’s Problems…A.M. Best exec. Attracting talent remains biggest challenge for insurers. According to Matt Masher, EVP and COO at A.M. Best, the need for talent is greatest in the information technology (IT) area. The industry has done a lot to attract underwriting and claims professionals. But attracting the industry struggles in attracting IT talent needed to deal with insurtech issues, efficiencies in distribution and … Read More
Auto/Marine/Aviation CONSUMER RISK Data/Tech/Modeling EMERGING TRENDS FEATURED Homeowner/Renter/Auto Recent Stories Working in Risk & Insurance WRIN.tv Newswire Distracted Driving / Higher Repair Costs pushing auto premiums higher – III CEO. “We have disruption all over… (and) the insurance industry deals with it.” That, according to Sean Kevelighan, President and CEO of the Insurance Information Institute (III), who spoke at the recent AAIS Main event in Florida. He notes that the insurance industry is accustomed to dealing with natural and man-made catastrophes, even technology, which a major disruptor right now. Mr. … Read More
Data/Tech/Modeling INDUSTRY NEWS WRIN.tv Newswire “Digitization” compelling carriers to rethink investment in Technology – ACORD CEO. In part one of a two-part Tech Trends in Insurance report, WRIN.tv speaks with Bill Pieroni, President & CEO of ACORD, about the disruptive effect data and technology has had on the insurance industry. He notes that more recently, there are a number of issues that are increasing the importance of technology and data usage today. Mr. Pieroni says forces … Read More
COMMERCIAL RISK Data/Tech/Modeling EMERGING TRENDS Farm & Ag business being revolutionized by the use of drones and data. Leslie Rippley, VP of Commercial and Agricultural Lines at AAIS, looks at ways drones and unmanned aircraft systems (UAS) are changing farm and agriculture business. She believes they will revolutionize the industry; particularly in functions previously done manually, or with the use of expensive, sometimes dangerous planes. Drones are ushering in “Precision Agriculture” where farmers use them to survey large … Read More
EMERGING TRENDS Reinsurance Markets New Technologies, Terror Risk and emerging opps in cyber, flood & mortgage risk – Holborn’s Dougherty WRIN.tv speaks with Arthur Dougherty, SVP at Holborn, about new technologies, terror risk and emerging markets in cyber risk, flood and mortgage insurance. Hurricane Matthew could have had a big impact on the reinsurance market, but it changed course and the size of the loss will not have an effect on the market. While some cedents may have significant losses, … Read More
Brokers/Consultants Claims Management Markets Recent Stories Reinsurance Markets REINSURANCE/ILS Lessons from Matthew, Protection Gap & (Re)Insurance Growth Strategies with Swiss Re’s Ningen Monica Ningen, Head Property Underwriting US & Canada at Swiss Re, discusses how Hurricane Matthew served as a reminder for insurers. She also addresses the Protection Gap and product development and distribution strategies evolving in the insurance and reinsurance market. Hurricane Matthew, while not as big a loss as was predicted, was a reminder that a big event is possible. As a … Read More
EMERGING TRENDS INDUSTRY NEWS P&C carriers focus on “speed to market” to capitalize on emerging risks – AAIS CEO. AAIS President and CEO Ed Kelly discusses the biggest concerns of insurance executives during the 2016 PCI Meeting in Dallas. While technology is the most common issue, he says it’s not the cost, but “speed to market” that is the real concern. Executives tell Mr. Kelly that they are looking to respond to market opportunities more quickly. Mr. Kelly believes … Read More
Reinsurance Markets Low interest rates pressure insurers/reinsurers…Munich Re “pushes boundaries of insurance” for growth WRIN.tv spoke with Munich Re America’s Michael Quigley, Head of Property Underwriting, and Stephan Hochburger, SVP & Client Executive, about threats and opportunities in insurance and reinsurance. In the current environment, Mr. Hochburger sees the biggest threat to insurers and reinsurers low interest rates and excess capital, as well as lower reserve levels. “Digitalization” is a new threat, but it … Read More
Corporate Risk Management/ERM FEATURED P&C Recent Stories Working in Risk & Insurance Ironshore CEO discusses risk manager concerns, public-private partnerships, ACA and more. Prior to an arm of Fosun Group announcing intentions to acquire the 80% of Ironshore it doesn’t already own, WRIN.tv spoke with Ironshore CEO Kevin Kelley during the RIMS Conference in New Orleans. Here, he discusses the top concerns of risk managers, the impact of the Affordable Care Act (ACA) on the insurance industry, and Ironshore’s growth plans for the … Read More
