Insurance & Risk

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Making Life Settlements More Transparent

By

Lucas Siegel

It's possible to unlock billions in retirement funding for seniors by using AI to streamline an outdated, gated process.
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Cost-of-Living Crisis and Civil Unrest

By

Srdjan Todorovic

Social unrest won't abate any time soon, given the after-shocks of COVID, the looming cost-of-living crisis and the ideological rifts that divide societies around the world.
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Is There a Silver Bullet on Reserving?

By

Lewis Maddock

Advancements in technology today provide the tools and resources necessary for the step change in reserving capabilities that were not previously possible.
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Have-to-Buy vs. Want-to-Buy

By

Kevin Trokey

You have to be sure you are helping your customers obtain what they want to buy. And I'm going to tell you: Insurance ain't it.

Agent & Broker

Two people sitting at a desk in an office

Have-to-Buy vs. Want-to-Buy

You have to be sure you are helping your customers obtain what they want to buy. And I'm going to tell you: Insurance ain't it.

two laptops on a table and papers with graphs spread out

Go All-in With Data Tracking

Wendy Keneipp

Agencies are highly motivated to use technology to track data on existing clients, to retain them. We need this same commitment in the pre-sale process for new clients.

How Agents Can Provide Value on Climate

Joel Zwicker

Creating ready-to-go materials for severe weather events that can be used when a disaster arises will streamline processes.

Auto Insurance

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Auto Insurance in the Hyperconnected World

Matteo Carbone

Telematics is becoming a necessary capability for dealing with the future of insurance, especially in auto, and capabilities will only grow from here.

UBI Needs a Technology Leap

Marc Gordan

As much progress as the industry has seen in recent years, we can't categorize UBI participation as mainstream when only 22% of people reported being in a program.

How to Reduce Distracted Driving

Adam Pichon

Few drivers are aware that texting while traveling at 55mph is the equivalent of driving the length of a football field with your eyes closed.

Claims

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Insurers' Social Inflation Problem

Paul Mang

In the face of aggressive action by plaintiffs attorneys, the insurance industry is steadily losing a battle it hasn’t really begun to even engage in.

a header image that reads "itl focus, claims, may 2022" it is white text on a dark blue background. To the left of the words there is an image of an insurance claims form with a calculator, pen and pair of glasses.

ITL FOCUS MAY: Claims

Insurance Thought Leadership

ITL FOCUS is a monthly initiative featuring topics related to innovation in risk management and insurance.

This month, we're focusing on Claims.

An Interview John Sviokla

Insurance Thought Leadership

As part of this month's ITL Focus on Claims, we spoke with John Sviokla,

Commercial Lines

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5 Trends Driving Personalized Benefits

Michael de Waal

Personalized packages that support all aspects of an employee's physical and mental health are essential and now feasible with modern digital technology.

A Frenzy of Activity in Commercial Lines

Deb Smallwood

Research finds that insurers in small commercial lines are further along in their digital transformation journeys than their peers in mid/large commercial lines.

How IoT Shifts Insurance's Paradigm

Steve Hernandez

Traditional discussions of react, repair and replace are changing to predict, prevent and protect. Part of this transition has been supported by the IoT.

International

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The Impact of Rising Inflation and Interest Rates on Insurance Profitability

Insurance performance through inflation cycles.

Asia: Latest Source of Opportunities

Roger Peverelli

Reggy De Feniks

Think of giants like Ping An; innovations such as TenCent's Waterdrop; and ecosystem plays such as Rakuten.

Insurance in UAE Ready for Big Leap

Neeraj Gupta

E-commerce in the UAE is booming, and the growth could let the young insurance industry boom, too.

Life & Health

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network showing artificial intelligence and the brain

Making Life Settlements More Transparent

Lucas Siegel

It's possible to unlock billions in retirement funding for seniors by using AI to streamline an outdated, gated process.

Surging Need for Disability Insurance

Mike Brown

The pandemic heightened the country’s collective understanding that experiencing a disabling event is not a long shot by any means.

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4 Steps to Support Patient Financial Health

Uzma Amin

Existing strategies addressing medical debt, such as stopping lawsuits or removing it from credit reports, are important but do little to actually prevent debt.

Personal Lines

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Man at a table with money, a calculator, a computer, and papers

What to Do About Rising Inflation?

Bill Burns

Lauryn Kothavale

Property-casualty insurers should stress test their operations and consider ways to counter potential inflation impacts on both sides of their balance sheets.

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Tornado and lightning hitting a small village

Property Underwriting for Extreme Weather

Upendra Belhe

Dheeraj Pandey

Pushkar Bhattacharya

Insurers have massive databases from simulation models and satellites when it comes to weather and climate. The problem is figuring out how to use them to their full potential.

Surging Need for Disability Insurance

Mike Brown

The pandemic heightened the country’s collective understanding that experiencing a disabling event is not a long shot by any means.

Regulation & Public Policy

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Is There a Silver Bullet on Reserving?

Lewis Maddock

Advancements in technology today provide the tools and resources necessary for the step change in reserving capabilities that were not previously possible.

An Overlooked Target for Modernization

Kayvan Alikhani

Maintaining compliance requires manual, repetitive and error-prone processes, handled by small armies of well-compensated experts -- but many can be automated.

Ready for New Accounting Standard?

Paul Sauve

IFRS 17 might be a major factor in insurers’ decisions on buying reinsurance, so it's important to understand key issues and start preparing.

Reinsurance

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How Cedents Can Win Reinsurance Race

Jerad Leigh

Here are three lessons from the most recent renewal cycles that can guide cedents looking to get the best result from their reinsurance placements.

Tress surrounding a view of the a city under a blue sky

Redefining Facultative Underwriting

Dave Rengachary

Why have reinsurers' facultative underwriters wait until an insurer has finished its process? Why not consult as experts across an ecosystem?

A New Paradigm for Sourcing Capacity

Dogan Kaleli

Capacity-seekers and capacity-providers are starting to recognize the benefits of an organized digital marketplace with an efficient electronic infrastructure.

Resilience & Sustainability

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How Open Source Can Combat Climate Change

Matt Foote

More open sources of data and common standards for models will enhance our understanding of the potential implications of climate transition decisions.

How Agents Can Provide Value on Climate

Joel Zwicker

Creating ready-to-go materials for severe weather events that can be used when a disaster arises will streamline processes.

featured

Property Underwriting for Extreme Weather

Upendra Belhe

Dheeraj Pandey

Pushkar Bhattacharya

Insurers have massive databases from simulation models and satellites when it comes to weather and climate. The problem is figuring out how to use them to their full potential.

Risk Management

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Woman wearing a mask sitting on a train and looking out the window

Cost-of-Living Crisis and Civil Unrest

Srdjan Todorovic

Social unrest won't abate any time soon, given the after-shocks of COVID, the looming cost-of-living crisis and the ideological rifts that divide societies around the world.

Low angle shot of a tall office building

Insolvencies Are on the Rise

Eric Morgan

Insurers must prepare for disruptions in the availability of cash, the functionality of global supply chains, global GDP growth and various other factors.

Ukraine Invasion's Potential Impacts

Anton Lavrenko

The invasion poses a complex threat to the operations of financial services companies and has enormous consequences for the financial markets in the short term.

Underwriting

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Redefining Facultative Underwriting

Dave Rengachary

Why have reinsurers' facultative underwriters wait until an insurer has finished its process? Why not consult as experts across an ecosystem?

Ready...Set...Grow!

Intellect SEEC

Insurance Thought Leadership

In this webinar, ITL Editor-in-Chief Paul Carroll sits down with Jim McKenney, chief strategy officer and products business head at Intellect SEEC, and Sandeep Tandon, CTO of Intellect SEEC.

Simulator Gamifies Underwriter Training

Huw Newton-Hill

An “underwriter simulator” program of gamified learning and 3D interactive scenarios redefines what's possible for workforce training.

Six Things

an ipad with min shopping cart, credit card, credit card machine and piggy bank on it. There is a yellow background.