Ultimately, our philosophy is to work closely with experienced and influential clients, partner with multilateral agencies, and build a diversified portfolio to effectively manage political risk in emerging markets.
CyberCube report predicts that over the next decade cyber will become a peak peril, driving growth of cyber insurance premiums, as well as demand for capital.
“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”
“It’s interesting to observe how quickly you can identify a serious student in the industry. From the very beginning, their curiosity and eagerness to learn stand out. They ask thoughtful questions, seeking to understand the intricacies of the business. Beyond just completing assigned tasks, they take the initiative to explore and absorb information from various sources.”
“While we still conduct traditional assessments, such as scanning internet-facing systems to identify vulnerabilities, we take it a step further by applying AI models to truly understand the risk. There’s a common misunderstanding in the market that security scans and scores are the same as risk ratings, but there’s a significant difference.”
Amidst a fast-changing and complex risk landscape, successful P&C insurers should embrace risk mitigation, predictive modeling and AI tools and technology, a Capgemini report.
Despite a 9.9% growth in net earned premiums, the US property/casualty industry reported a $21.2 billion underwriting loss in 2023, according to a report by AM Best.
Emerging risks are always in mind for underwriters, but reinventing the wheel is rarely necessary to give brokers and insureds the new types of security they seek.
In founding Archipelago, Hemant Shah sought to better empower “sellers of risk” so that when they dialogue with underwriters, they can present a clearer picture of their assets’ values and exposures.
As Kristina Talkowski settles into her new role as senior vice president of middle market commercial lines at Nationwide, she spoke with Risk & Insurance about how her career has been shaped, the biggest challenges she has faced and her plans for the future.
Carmony Wong took on a new role with Reinsurance Group of America in May of 2023. Here, she shares some details of her experience in the RGA Leaders of Tomorrow program.
As the insurance industry faces a considerable talent shortage, finding ways to optimize the process of knowledge transfer has never been more crucial.
Clear, organized and granular data is your friend. Not only does it put you at the top of the list for service with underwriters, it makes the work of everyone in the process more seamless.