Reinsurance

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Social Inflation: Complicated and Costly (Part 3]

By

Christopher Mackeprang

Tom Karol

While many factors contribute to social inflation, analysis suggests that an increase in non-fatal auto accidents may be one of the most influential.
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Improving Communication During Disasters

By

Ujjval Patel

In numerous cases, such as the tsunami in Sri Lanka, even a bit of warning could have saved lives and protected assets. Texting should be a key tool.
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Social Inflation: Complicated and Costly (Part 2)

By

Andrew Gifford

Andrew Pauley

There is no simple cure to the ills of social inflation, but a sustained and consistent effort by insurers can start to address some of the symptoms.
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Role of NLP in Claims Management

By

Kieran Wilcox

Natural language processing can transform a burdensome process, freeing claims professionals to apply their expertise where it makes the biggest difference.

Editor's Picks

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Insurers' Social Inflation Problem

By

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.

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Social Inflation: Complicated and Costly (Part 1)

By

Craig Beardsley

The past several years have demonstrated that the insurance industry really needs to understand the social inflation landscape so we can begin to address it.

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Why Underwriters Don’t Underwrite Much

By

The average underwriter spends 40% of their time on administrative tasks, 30% on negotiation and sales support and only 30% on actual underwriting.

Code on a computer screen

Role of NLP in Claims Management

By

Natural language processing can transform a burdensome process, freeing claims professionals to apply their expertise where it makes the biggest difference.

Most Recent

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How Cedents Can Win Reinsurance Race

By

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

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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?

building

A New Paradigm for Sourcing Capacity

By

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

reinsurance

Ready for New Accounting Standard?

By

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

New Paradigm for Reinsurance

By

Can the global reinsurance market morph into a new paradigm, allowing a more responsible and sustainable market to emerge?

The 'New Normal' for Reinsurers

By

So-called convergence capital from the insurance-linked securities (ILS) market has become increasingly strategic for reinsurers.

The Reinsurers Are Coming!

By

The message is not to lock the door and send everyone home, but the competitors of yesterday may not be the competitors of tomorrow.

Who Will Win: Startups or Carriers?

By

That is looking like the wrong question. It's time to reframe the debate and consider the huge potential for gains by reinsurers.

Six Things

Electric Vehicles

Will Electric Vehicles Be Safer?

By Paul Carroll

In theory, they'll be safer, if only because the massive battery power will allow for a profusion of sensors and related safety devices. But we all know how theories can play out in practice.

10 Keys for Reducing Ransomware Attacks

It will take more than raising premiums and putting more limits on the businesses that can qualify for cybersecurity insurance to prevent increased claims and higher costs.

1

The Metaverse and Financial Services

While the metaverse is still largely theoretical, providers of group and voluntary benefits might be able to capitalize on this emerging technology. Let’s speculate!

2

Why Underwriters Don’t Underwrite Much

The average underwriter spends 40% of their time on administrative tasks, 30% on negotiation and sales support and only 30% on actual underwriting.

3

Data-Driven Cargo Products

High-res data sees more than a shipment of glass: It sees a load of Gorilla Glass on clear summer roads or of crystal chandeliers on a pockmarked highway in a winter storm. 

4

Delivering Future-Proofed Processing

Integrating a new feature, for example to provide dynamic quoting and pricing, usually takes months. Hyperautomation, such as low-code, provides robust solutions faster.

5

Union Pacific Leads on Suicide Prevention

As the second-largest railroad company in the U.S., they took the bold leadership move to take the pledge to make suicide prevention a health and safety priority.

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ITL Recommends

HOW MGAS AND E&S CARRIERS CAN THRIVE

By

Insurance Thought Leadership

ITL Partner: Intellect AI

HOW MGAS AND E&S CARRIERS CAN THRIVE

Will Web3 Reinvent Insurance?

By

ITL Partner: Oliver Wyman

will web3 reinvent insurance?

How to Stop Annoying Your Customers

Another Overvalued Insurtech?

By

Two tall buildings

Social Inflation: Complicated and Costly (Part 3]

By

Christopher Mackeprang

Person signing name at the bottom of a contract

3 Ways to Become Future-Ready

By

Man using a silver laptop next to another man

Social Inflation: Complicated and Costly (Part 1)

By

Craig Beardsley

A person drawing a graph on paper

Role of NLP in Claims Management

By

Code on a computer screen