New risks and high-profile data breaches have more companies looking to buy cyber liability coverage in a market that's giving them more bang for their cyber buck.
Among the most interesting developments in environmental liability coverage is that the recovering economy is turning businesses from window-shoppers into buyers, but the policy limits being purchased and renewed are decreasing.
Data-driven technology has allowed insurers to automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes.
Data-driven technology has allowed insurers to automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes.
The customer may be king, but insurers cant afford to treat every customer like one. Knowing who to retain, who to target for up-selling and who deserves royal treatment are goals behind todays customer analytic solutions.
The customer may be king, but insurers cant afford to treat every customer like one. Knowing who to retain, who to target for up-selling and who deserves royal treatment are goals behind todays customer analytic solutions.
The Bad Old Days, as one could call themthe 1980s through the mid-2000srepresented a period of high losses for the aviation industry. Not only were aggregate claims high, but seven of the 10 deadliest aviation disasters occurred during those years.
Any airport is filled with many hazards that can cause even the most seasoned risk manager to lose sleep. However, what keeps John Andrews up at night are not airplanes and equipment, but employees.
For the most part, my family has stopped asking me about the articles Im working on. Apparently theyre just not interested in hearing me talk about the latest trends in insurance technology. So, I was surprised to see my son excited to learn that I was working on an article...