Six Things Newsletter | May 4, 2021 - Insurance Thought Leadership

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May 4, 2021

Six Things Newsletter | May 4, 2021

Summary:

In this week's Six Things, Paul Carroll fears another rough summer ahead. Plus, gateway to claims transformation; the transformation of the risk landscape; way beyond comparative raters; and more.

Photo Courtesy of ITL

Another Rough Summer Ahead?

Paul Carroll, Editor-in-Chief of ITL

When I checked the weather for my town in Northern California over the weekend, I saw a “red alert.” What? Sure, it was windy and a bit warm, but a red alert? For what? It turns out that we’re already in fire season: Low humidity, high temperatures and strong winds meant severe danger for wildfires. At the beginning of May.

At the same time, all forecasts seem to be for an unusually active hurricane season in the Atlantic this summer. So, buckle up. As bad as the past few years have been, there’s no reason to think this summer will bring any relief from natural disasters in the U.S… continue reading >

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SIX THINGS

Gateway to Claims Transformation
by Robin Roberson

Claims management is a perfect use case for just how critical platforms and ecosystems can be in achieving transformation.

Read More

Nonstandard Auto Insurance’s Key Role
by Troy Korsgaden

Customers, insurance carriers and their distribution need nonstandard auto protection for drivers now more than at any time in history.

Read More

Transformation of the Risk Landscape
by Donna Galer

Insurers of all sizes need to take note of changes in the risk landscape and continuously improve their ERM practices.

Read More

Bring Certainty to Remote Injury Claims
by Dalene Bartholomew

The reality is that injuries occur all the time in any environment, at home just as they do in a conventional workplace.

Read More

Way Beyond Comparative Raters
by Mark Breading

Distribution in commercial lines is in play. Companies are rethinking strategies to reach preferred segments and drive more profitable business.

Read More

How Well Did Agents Cope With COVID?
by Thomas Stewart

Both brokers and carriers give themselves high marks on retaining and servicing existing policyholders. But new business is a different story.

Read More

Digital Revolution Reaches Underwriting
sponsored by Intellect SEEC

The digital revolution in insurance, which began in distribution and then spread to claims, has now reached underwriting in a big way.

Read More

MORE FROM ITL

May’s Topic: Cyber

In high school, a friend of mine had a poster on his wall that read, “Just because you’re paranoid doesn’t mean they aren’t out to get you.”

That pretty well summarizes how the world of cybersecurity and insurance works. Companies may feel paranoid for looking over their shoulder all the time, expecting something bad to happen, but we all know that there are plenty of bad guys out to find all the victims they can.

Take Me There

Webinar :
The Alarming Surge in Ransomware Attacks

sponsored by Tokio Marine HCC – Cyber & Professional Lines Group

Join Michael Palotay, Chief Underwriting Officer for Tokio Marine HCC – Cyber & Professional Lines, and Paul Carroll as they continue their discussion on ransomware, cyber attacks, and how businesses can protect themselves.

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