Resilience & Sustainability

Four leading CEOs weigh in on how the pandemic is changing the insurance industry, for good.

A good motto for disaster preparation: “Prepare for the worst; hope for the best.” Just remember that hope is not a plan on its own.

Dorian would have upended the industry if it had stalled over Palm Beach, not the Bahamas, with its 185 mph winds and 40 inches of rain.

In 2018, a staggering 56% of all catastrophe claims came from just four states: California, Colorado, Florida and North Carolina.

Two main themes emerged this year: the need to focus more on resiliency and the industry's two-steps-forward-one-step-backward approach to innovation. 

Climate change, the rise of new ecosystems and operating models and more inclusive insurance are looming.

Managing catastrophe reinsurance claims is a big challenge for carriers. In particular, dealing with the “hours clause” can be baffling.

Comparing multiple data points and sources in one place is important with complex events like hurricanes, which involve wind, surge and flooding.