Critical Information for P/C Carrier Executives
| | |
| | | | | | | Customer Contact Center Solutions | | | | Hassle-free contact center management by insurance experts. We write over $20 million a month in business for our customers - are you ready? | | | | | | | | Patra | | |
|
| | | | |
| |
| Today's Headlines | September 22, 2021 |
|
|
| Over the past two years, the challenges prompted by the COVID-19 pandemic have forced businesses to scramble as new issues arise almost every day. The one challenge that has remained stagnant is the staffing crunch, prompted by the recent Great Resignation and hiring gaps. The U.S. Bureau of Labor Statistics found that employee turnover rates... read more |
| |
|
| | |
|
|
| With primary rate changes approaching 50 percent and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ransomware attacks against policyholders and prospects. But are the actions enough to keep ahead of the bad guys? Did they react too slowly? Questions about the adequacy... read more |
| |
|
|
| Usage-based insurance (UBI), once considered a fringe auto product by some, has found its way into the spotlight. Changes in mobility trends during the pandemic have increased consumer demand for UBI. In response, many insurers are adopting UBI as a strategic imperative, and seeking this...read more |
| |
|
|
| The insurance industry trade group RIMS now requires anyone attending its events in the coming months to provide they're fully-vaccinated for COV-19. RIMS said the requirement is effective immediately for all events managed by RIMS staff, including the upcoming RIMS Enterprise Risk Management Conference and its Annual Conference & Exhibition scheduled for April 10-13 in San Francisco. read more |
| |
|
|
| Most insurance sectors saw an increase in merger and acquisition activity in the first half of 2021, according to Deloitte's latest Midyear Insurance M&A Outlook. The number of M&A deals is up 18 percent year-to-date, Deloitte said, and aggregate deal value is about 4x higher compared to 2020. While total deal volume is on track... read more |
| |
|
|
| InsurTech startup bolttech announced the extension of its recently announced $180 million Series A funding round led by Activant Capital Group, bringing the series total to $210 million. The funding round adds two new strategic investors: Singapore-based global investor EDBI and Alma Mundi Insurtech Fund in Spain (Mundi Ventures). read more |
| |
|
|
| Mutual insurers returned nearly $13 billion in premiums through 2020 in response to policyholders' COVID-19-related challenges, and the sector ran at an underwriting loss as a result. Still, the growth in net earned premium generally helped offset those losses, according to a new report from The National Association of Mutual Insurance Companies and Aon. read more |
| |
|
|
| AXA XL is having one of its executives take on additional responsibilities as its new Marine Liabilities Global Practice Leader. Online insurance marketplace Policygenius hired a new Head of Customer Relationship Management. *** AXA XL's Global Marine insurance business appointed Stephen Clark as its Marine Liabilities Global Practice Leader. Clark, based in Chicago, takes on... read more |
| |
|
|
| A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the receiver's lawyers said on Monday. read more |
| |
|
| |
| | |
|
| GIACT's new report, Understanding Account Takeover 2021, discusses the impact ...
read more | |
|
|
| Want to add a direct-to-consumer distribution channel to your sales line-up? ...
read more | |
|
|
| Accelerate competitiveness with a digital ecosystem. Revolutionize your ...
read more | |
|
|
| Business email compromise, or BEC – defined as a fraud tactic using email to ...
read more | |
|
|
| Commercial underwriting executives share tips on their digital transformation ...
read more | |
|
| |
|
|
|
|
