Six Things | November 9th, 2021 By Insurance Thought Leadership In this week's Six Things, Paul Carroll discusses new thinking on driverless vehicles. Plus, the need for scalable response teams; how automation adds to the need for humans; and more.
New Thinking on Driverless Vehicles By Paul Carroll AVs are not where many of us expected two or three years ago that they'd be by now -- and are heading in a surprising direction.
Need for Scalable Response Teams By Greg Hanover When disasters strike, insurers can become overwhelmed with calls and claims. They need to be able to scale their response teams quickly.
Extreme Weather, COVID, Home Claims By George Hosfield Extreme weather in the U.S. increased losses in 2020, while COVID reduced liability and theft claims because more people stayed home.
Economy Outlook: Recovering but Beware By Richard Sega Despite all the danger signs, we are guardedly optimistic that the current recovery will continue well into the new year.
State of the Insurance Marketplace By Kimberly George Mark Walls In the face of rapid change, what are the implications? And what risks should organizations be prepared for?
Vacation Rental Insurance Is Changing By Ty Harris AI and machine learning allow for insurance offerings with more customizable coverage and pricing to handle complex requirements.
How to Protect Those Who Need It Most By Bernhard Klein Wassink An EY survey of consumers reveals how the pandemic shifted financial well-being and prompted interest in new insurance protections.
The Promise of Continuous Underwriting By Bill Deemer Bobby Touran Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
Convergence and the Insurance Ecosystem By Stephen Applebaum Alan Demers Companies must anticipate the future, innovate beyond their core and transform their capabilities as rapidly as technology allows.
Lemonade's 'Synthetic Agent' Nonsense By Matteo Carbone Desperate for growth, Lemonade produces another howler: A lender receiving a 16% interest rate is presented as a (synthetic) agent.
Auto Insurance in an Existential Crisis By Stephen Applebaum Alan Demers The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.