Commercial Lines

The pandemic has provided the sort of compelling event that is needed to propel employee benefits insurers to a digital transformation. 

Barring another “black swan” event like the pandemic, the automotive ecosystem of 2030-2035 will be virtually unrecognizable from today.

The forward-thinking approach in the P&C market is to provide the required property data as a service (PDaaS) to carriers.

While some may consider today's challenges translating to the worst of the times, this is the best of times for innovative-minded P&C companies.

These risks are moving the insurance market away from transactional coverage and more toward co-management of risk. 

The following are important ways to reduce corporate risk and support employees in both remote and on-site environments. 

New political risk insurance losses in Ukraine due to Russia's invasion will likely be material but well within the ability of private carriers to perform on their obligations.

Commercial insurers will continue to advance with their transformation strategies in 2022. However, their focus will look a little different than it did a year ago.