Economic uncertainty, rising claim costs and an increase in weather-driven losses aren’t exactly the market trends that we’d have selected to take with us into the coming year, had we been given the option. However, it looks like these are the conditions that we will be stuck with for a while. As 2023 draws to… View Article
“Insurtechs are particularly guilty of talking to other startups and telling each other how amazing they are, when they should be learning the vocabulary of the people buying their products — insurance companies — and trying to explain their offerings to them.”
Despite the growing interest, United Educators has not seen an increase in animal-related claims. Over the last 13 years, it has only had 10 claims related to emotional support animals, service dogs or pets across its 1,600 members.
“Insured pays carrier, carrier pays commission. But there are these simultaneous loops always running and all of those systems are disparate. And as a result, all of those points of contact create friction, and friction is being dealt with by people today.”
For more than 350 years, the insurance model has been simple: Repair and replace after damage. However, with modern technology, we can now help our customers before they face loss. I recently joined the leaders of two preeminent insurance research organizations — Roy Wright of the Insurance Institute for Business & Home Safety (IBHS) and… View Article
Risk & Insurance editor-in-chief Dan Reynolds sat down with Nan-Wei Gong and Scott Sexton of FIGUR8 to discuss how they’re working to standardize and codify data that can help care teams better gauge an injured workers’ musculoskeletal recovery process.
Risk & Insurance sat down with Fabian Mercado, vice president and property lead for the East region of QBE North America, to discuss ongoing and emerging supply chain risk, the industry response, and best practices for the exposures that may be uninsurable.