- Leaders Panel: Non-Modeled Natural Perils Drive Significant Losses
Katie McGrath, Swiss Re Corporate Solutions, and Martin Neuhaus, Munich Re, said non-modeled natural perils, particularly severe convective storms, have increased losses significantly, requiring insurers to adjust pricing and coverage. They were interviewed by AM Best TV at RIMS Riskworld 2024 in San Diego.
7m - May 17, 2024 - Swiss Re's Finucane: US P&C Insurers Gaining Momentum
James Finucane, senior economist, sigma research, Swiss Re, discusses a new report that shows that strong premium gains, easing claims-cost inflation and higher investment returns are boosting US P&C industry results after a difficult period.
7m - May 16, 2024 - AM Best: Highly Innovative Personal Auto Carriers Have a Significant Competitive Edge
AM Best Industry Analyst Helen Andersen highlights a new Best's Special Report that finds two thirds of the auto carriers whose ratings were downgraded in 2023 had innovation assessments of Moderate.
3m - May 15, 2024 - Guy Carpenter Report Examines Cyber Model Divergence
Erica Davis, managing director and global co-head of cyber, and Jess Fung, North American cyber analytics lead, both of Guy Carpenter, discuss a new report that examines the evolution of cyber modeling.
11m - May 14, 2024 - Verisk's Shavel: AI Expands Ability to Interpret Data, Support Decisions
Lee Shavel, CEO, Verisk, said practical applications of generative AI include tasks such as summarizing medical files and prioritizing data in commercial property underwriting. Shavel spoke with AM Best TV at the Verisk Insurance Conference 2024, held in Orlando, Florida.
15m - May 13, 2024 - ASG Podcast Teaches Marketing Tips, Sales Strategies
Sarah Rueppel, host of the Agent Survival Guide, discusses her podcast which dispenses industry updates on Medicare Advantage and Part D plans and helps agents stay compliant while offering sales and marketing advice.
11m - May 10, 2024 - Conning’s Bradford: Insurers’ Top Concerns Include Inflation, Interest Rates and Geopolitical Risk
Conning CEO Woody Bradford is set to become CEO of Generali Investments. Generali has a majority ownership stake in Conning, while Cathay Life Insurance and Cathay Financial Holdings own a minority stake.
18m - May 9, 2024 - AM Best: Heightened Risk Landscape Creates New Challenges for Reserve Management
AM Best Senior Industry Analyst Christopher Graham discusses a new Best's Special Report that finds management of emerging risks will be critical to ensuring that carriers are prepared for stresses posed by long-tail lines and their liabilities.
6m - May 8, 2024 - Swiss Re’s Holzheu: 2023 Natural Cat Insured Losses Reach $108 Billion
Thomas Holzheu, chief economist, Swiss Re, discusses the company’s latest natural catastrophe sigma report that shows the types of events that lead to major losses, where those events took place, and the impact on the insurance industry.
15m - May 7, 2024 - III CEO: Legal-System Abuse Hurts Insurers, Consumers
Sean Kevelighan, CEO of the Insurance Information Institute, discusses how so called nuclear verdicts, litigation funding and other legal-system abuse drive up claims costs and ultimately lead to higher premiums for consumers.
5m - May 6, 2024 - Insurance Regulators Sharpen Focus on AI, Machine Learning to Ensure Fairness
Theresa Young, CSAA Insurance Group; Michael Angelina, St. Joseph's College; and Steve Clarke, Verisk, said issues also arise from lack of regulation of third-party vendors, public adjusters, and service providers, which can lead to higher claim payouts than were anticipated in pricing.
12m - May 3, 2024 - Author: Perseverance, Dedication, Leap of Faith Keys to Launching a Successful Insurance Business
In his book, Agent to Agent: Revealing the Story and Strategy for Insurance People, BI&I Group Vice President and Chief Operating Officer Leo Bados Jr. shares tips for building an insurance business and leading a team with confidence.
27m - May 2, 2024 - Into the Breach: Plan Ahead for Cyberrisks
Tim Nunziata, vice president and head of cyber risk, Commercial E&O at Nationwide said that when it comes to a cyber incident, the idea of being able to put a plan in place post‑breach is not realistic.
6m - May 1, 2024 - AM Best's Manyem: Insurers Navigate Data Privacy, Regulation With Wearables
Sridhar Manyem, senior director, AM Best, said other key issues with data from wearables include using it ethically and compliantly. Manyem spoke with AM Best TV at Insurtech Hartford Symposium 2024.
9m - Apr 30, 2024 - Panel: Interest Rates, Inflation Create Challenging Conditions for Insurers
Jay Guin, Verisk; Tim Aman, Aon; and Ole Hanekop, Hannover Re, reviewed the importance of accurate valuations and innovative solutions to address latent risks and the correlation between different lines of business. Panelists spoke with AM Best TV at the Verisk Insurance Conference 2024, held in Orlando, Florida.
8m - Apr 29, 2024 - Counterpart's Hackett: ChatGPT, AI Leverage Repetition to Analyze Risk
Tanner Hackett, CEO, Counterpart, said new machine learning and similar systems help insurers synthesize huge data sets for better underwriting, marketing and more. Hackett spoke with AM Best TV at the InsurTech Spring Conference in New York City.
7m - Apr 26, 2024 - Industry Report Shows Auto Insurance Shopping Is Escalating
Stephen Crewdson Sr., director, insurance business intelligence, J.D. Power, details a report with TransUnion that shows after months of decreasing auto insurance shopping, consumers are now returning to looking for better deals from carriers.
8m - Apr 25, 2024 - Panel: Reducing Wildfire Risk Requires a Multilayered Approach
Insurance risk experts who spoke with AM Best TV at the Verisk Insurance Conference in Orlando, Florida, said governments are at the early stages of grappling with this issue, which intersects with science, business, public policy and land use.
13m - Apr 24, 2024 - Allianz Report: 2024 Could Be Unprecedented Year for Political Violence
Srdjan Todorovic, head of political violence and hostile environment solutions at Allianz Commercial, details the findings of a new risk report that shows terrorism, civil unrest and environmental activism as intensifying risks in a volatile geopolitical environment.
16m - Apr 23, 2024 - Munich Re: Need, Risk for Cyber Coverage Rising for Public Entities
Public entities such as municipal governments are increasingly the targets of cyberthreats, said Munich Re Specialty’s Lauren Tredinnick, president, public entity solutions, and AVP Maria Long, cyber underwriter & risk management portfolio leader.
10m - Apr 22, 2024