Insurance Industry

Crypto Insurance Gap Reveals $3.31 Trillion Market Opportunity

With only 11% of cryptocurrency holders insured despite strong demand, insurers face both significant challenges and substantial opportunities, according to commentary from AM Best.

MGA Premiums Increase in 2024, Marking Fourth Consecutive Year of Double-Digit Growth: AM Best

Swiss Re’s Will Porter Discusses Promising International Program Business Opportunities

When Prayers Aren’t Enough: Why Insurers Are Turning to AI to Stop the Next Mass Shooting

Wall Street’s Next Crash Won’t Be Human-Induced: The Looming Threat of AI-Triggered Market Meltdowns

Recently in Insurance Industry

8 People on the Move

Corvel appoints new CEO; Liberty Mutual brings on innovation leader; Risk Strategies adds new wholesale lead; and more.

Long-Term Care Insurance Rates Surging in Pennsylvania

Long-term care insurance rates are skyrocketing in Pennsylvania, signalling potential insolvency risks and shocked insureds.

Insurer Liable for Asbestos Claims Decades Later, Decides Court

Insurers and insureds square off in court on policy disputes involving legacy liability for asbestos claims.

3 Emerging Cyber Threats We’re Not Ready For in 2019

Experian released its predictions for the breaches we can expect to see this year. Here are three newly emerging threats you might not be ready for.

Perspective | Give AIG Credit; It Has an Insurance Tagline That Makes Sense

Kudos to AIG for having an insurance tagline that make sense. Others might want to revisit the drawing board.

6 People on the Move

Chevron’s Kevin Jones joins an energy-focused captive insurance board in Texas, and EPIC picks up two West Coast executives, among other moves.

3 Reasons Why We Expect the D&O Market to Harden

Tens of millions of dollars in legal settlements over sexual harassment and cyber breaches have D&O carriers on edge.

Social Inflation Threatens Claims Outcomes, and Other Insights Shared by a Specialty Exec

Sky-high jury verdicts will challenge liability insurers, but aggregated data combined with niche expertise will help specialty underwriters succeed.

6 People on the Move

Appointments are announced at NCOIL, Palomar Specialty Insurance Company, Group1001; Assurex Global; myMatrixx; and Aspen.

7 Critical Risks Facing the Fine Arts Industry

Fire and flood are some of a museum’s worries. Theft, loan gaps and vandalism top the list.

Announcing the Insurance Executives to Watch in 2019

These executives are going to do some amazing things these next 12 months.

This SVP Sees Business Thrive When He Puts Customers in the Driver’s Seat

Seth Hall is tasked with positioning Philadelphia Insurance Companies for both the present and future, as culture and technology continuously drive rapid shifts in customer needs and expectations.

Here’s How One Senior VP Is Changing the Way Insurance Has Traditionally Viewed the Business

As she sees it, Faye Cook is inspired to change how the insurance industry has traditionally viewed the business, moving from the transactional to the collaborative.

At Swiss Re, One Executive Is Spearheading Expansion from Marine and Finance to International Business

Swiss Re Corporate Solutions is on a mission to become more accessible to more businesses, and and Christine Springob will lead the charge.

FM Global’s EVP Says to Watch These 3 Things in 2019: Predictive Analytics, IoT and Big Catastrophes

FM Global’s Malcolm Roberts sets his 2019 priorities.

According to this COO, Advanced Analytics Can Give Insurance Companies a Competitive Advantage

Michael Costonis is leading all information technology, analytics and operations functions across CNA as the new chief operations officer.

This Specialty Insurance President Is Placing Value in Solutions

Appointed president of Ironshore North America Specialty, Matt Dolan places his focus on solutions — not just conventional products.

Find the Courage to Change the Workers’ Comp Industry — and Yourself

One woman’s journey to overcome paralyzing fear provided inspiration for workers’ comp professionals attending AWWC’s December 2018 leadership event.

AXA XL’s President of P&C Insurance Discusses in Detail the Future of the Newly Merged Company

Greg Hendrick takes the reins at AXA XL, which formed in March 2018. He sat down with R&I Editor-in-Chief Dan Reynolds to discuss the impact the new division could have.

Toxic Releases from Floods Spell Higher Insurance Premiums

For industrial sites with CAT exposures, the environmental market is no longer soft terrain. Toxic release after storms is proving to cost companies millions.