Digital Transformation in P&C Insurance
Current Benchmark and Future Roadmap
The latest Aite Group report finds that improving the customer experience is the top digital transformation objective for P&C insurance firms
Cover Story
Insurance Industry Can Set Standards on Cyber Security as World Digitizes, Impacting Society
“One mantra often heard in cyber circles is that cyber risk should be a business issue, not an IT issue. I can confidently say without reservation, it is a business issue at the highest levels of the world’s largest corporations.” – Pascal Millaire, CEO, CyberCube
2020 Insurance Regulatory Outlook From Deloitte: Status Quo Not An Option For Insurers
The Deloitte Center for Regulatory Strategy, Americas’ prepares a cross-industry series on the forthcoming year’s top regulatory trends, eyeing some of the issues that will have a significant impact on businesses. We excerpt liberally from the text…
IICF Raises $1.14M at Benefit Dinner Honoring Markel Corp
The Insurance Industry Charitable Foundation (IICF), the insurance industry’s nonprofit organization dedicated to charity, raised $1.14 million at its 13th Annual Northeast Benefit Dinner, held in mid December in New York City. The event gathered more than 700 insurance professionals for an evening of networking and philanthropy designed to “give back” to the community by supporting nonprofits that serve the New York tri-state region. More than $9 million has been granted to local nonprofit and charitable organizations since 2007.
Israel Bonds’ Insurance & Financial Services Division Honors Two Influential Industry Professionals
Development Corporation for Israel/Israel Bonds, the underwriter of debt securities issued by the State of Israel in the United States, held its annual Insurance and Financial Services Division Luncheon on Monday, October 28, 2019. Spanning over several decades, the annual event drew more than 200 industry professionals to the St. Regis Hotel in New York, […]
Vaping: A look at the health effects and insurance implications of Vaping
A look at the health effects and insurance implications of Vaping
The rise in vaping-related deaths and illnesses has ushered in a new awareness of the negative effects of electronic cigarettes or “e-cigarettes.”
Entering the market in the early 2000s, e-cigarettes gained global traction in 2014 and have steadily risen in popularity. Earlier this year, several people were hospitalized with a mysterious lung illness attributed to vaping and e-cigarettes. Since then, the numbers have risen steadily with the CDC reporting 805 confirmed cases of lung injury related to vaping. At the time of this article, 17 people have died due to vape-related illness. As a result of this, President Trump has pushed for a ban on certain flavored e-cigarette pods and cartridges. States have followed suit, calling for a temporary ban on these products. Although commonly viewed as a safer alternative to traditional cigarettes, we are now seeing some of the health consequences, and as more is understood about e-cigarettes, vaping, and Juul-ing”, we can expect changes in the health and life insurance industry.
2019 U.S. Small Commercial Insurance Market: SMALL BUSINESSES “SATISFIED”
Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High Thanks to Investments in Digital, Servicing and Product Expansion, J.D. Power Finds COSTA MESA, Calif.— Small business owners have never been more satisfied with their insurance providers, according to the J.D. Power 2019 U.S. Small Commercial Insurance StudySM released today. The all-time high satisfaction score of […]
MIDDLE MARKET: Chubb Identifies Clients’ Top Concerns
Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report. The latest poll was conducted in the second quarter of 2019, and explores macro trends – both current and emerging – plus business risks within the middle market. The summary measures past and predicted revenue growth, employment growth, economic confidence levels and business investment.
AI Aims at Fraud
The Complete Guide to AI in Insurance Fraud Detection
By Kumar Patel, Founder and CEO of Omnidya.
The insurance industry is rapidly evolving. Emerging technologies are breathing new life into daily operations; and artificial intelligence (AI) has the singular potential to pervade every facet of insurance processes with advanced analytics, powerful predictions, and more robust risk management strategies.
PIANJ/PIANY Take Over Atlantic City 80’s Style!
Agents, insurance professionals, and industry experts from New Jersey and New York came together for the PIANJ/PIANY Annual Conference June 9-11, 2019, at Harrah’s Casino Resort in Atlantic City, N.J. The event—a jam-packed two days—brought networking opportunities, a premier trade show and education sessions providing continuing-education credits—as well as a lot of fun for attendees while celebrating PIANJ/PIANY’s 80th anniversary.
