Insurance & Risk

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Redefining Facultative Underwriting

By

Dave Rengachary

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

By

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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‘New Normal’ in P&C Operations

By

Travis MacMillian

There is no going back. Insurers must optimize operations for remote teams and supporting partners serving an increasingly diversified, and shifting, client base.
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Shipping Industry Safety Keeps Improving

By

Rahul Khanna

But Russia’s invasion of Ukraine; the move to decarbonization; crew and port congestion challenges and other issues mean there is no room for complacency,

Agent & Broker

Distribution Management: A Path to Maturity

Can insurers envision the opportunities clearly enough that they are motivated to switch gears and change something right now, and tomorrow, and the next day?

Low angle view of an office building against a clear sky

5 Flaws of a Commoditized Sales Approach

Kevin Trokey

I am convinced that "we're free" are the two most damaging words in a broker's vocabulary, yet we see and hear them all the time.

Tornado on a body of water in the distance

Getting Clients Ready for Tornado Season

Darren Wood

The 2022 tornado season is upon us, and it’s expected to be even busier than last year. So, policyholders need help.

Auto Insurance

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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.

Is Insurtech a Superpower?

Matteo Carbone

Only if it's used right. Root is having problems, but Discovery Insure shows how telematics can make a profound difference.

3 Ways to Cut Time, Frustration, Cost in Accident Claims

Mubbin Rabbani

Embracing a digital approach reduces roadblocks to deliver exponential benefits for policyholders and your claims organization.

Claims

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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,

It’s Time to Reimagine Digital Payments

Karen Furtado

The acceptance and delivery of payments must be in real time, and capabilities must let customers create tailored digital payment experiences that fit their needs best.

Commercial Lines

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‘New Normal’ in P&C Operations

Travis MacMillian

There is no going back. Insurers must optimize operations for remote teams and supporting partners serving an increasingly diversified, and shifting, client base.

Large cargo ship full of containers at nighttime

Shipping Industry Safety Keeps Improving

Rahul Khanna

But Russia’s invasion of Ukraine; the move to decarbonization; crew and port congestion challenges and other issues mean there is no room for complacency,

COVID Drives Tech in Workers' Comp

Shahin Hatamian

Workers’ compensation survey shows more payers are investing in electronic payment platforms and digital claims management tools.

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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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.

featured

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.

itl focus graphic with a heart that reads life and health

ITL FOCUS MARCH: Life and Health

Insurance Thought Leadership

For an industry that has long been considered sleepy, life insurance has a lot going on.

Personal Lines

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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.

‘New Normal’ in P&C Operations

Travis MacMillian

There is no going back. Insurers must optimize operations for remote teams and supporting partners serving an increasingly diversified, and shifting, client base.

Will Insurtech Disrupt Homeowner Market?

Matteo Carbone

One insurtech has tried, but Hippo has burned through $628 million in cash and is spending more than $1.50 for every dollar of premium it is generating.

Regulation & Public Policy

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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.

Insurance Defense Firms Have a Problem

Cain Elliott

Many firms have pursued digital transformation yet found little relief. The reason is that most legal software vendors don’t understand how insurance defense firms work.

Reinsurance

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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.

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.

Resilience & Sustainability

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White windmill in a field overlooking a cliff

Relevance Requires a Focus on Sustainability

Jeff Fromm

With two-thirds of consumers reporting they base buying decisions on brand values, an increased focus on sustainability presents a huge opportunity for insurers.

Trees and grassy field under a sunny sky

Insurers' Path to Net Zero

Heike Klappach

Adhiraj Maitra

Heloise Rossouw

Tony Rooke

Here is what insurers should be aiming to achieve ahead of the UN climate summit in November to support both their own and broader net zero emissions pledges.

Coconut tree in front of dark clouds blowing in the wind

Weather Science Supercharges Solutions

Alan Demers

Stephen Applebaum

Technology and weather science have evolved to help warn of approaching events, giving advanced notice to people to alter course and relocate to safety.

Risk Management

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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.

Biggest Operational Risks of 2022

Sandra King

Emerging threats are precursors to business crises, so all organizations should have an updated risk management plan to implement when these risks become a reality.

4 P&C Mega Risks in 2022

Mike Chapman

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

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

a photo of a brunette women standing on the bus wearing a white surgical mask