How Digital Twins Help On Climate
Digital twins help insurers leverage high-quality data to counter unpredictable weather conditions caused by climate change.
March 14, 2023
Property
Risk Management
Underwriting
Geospatial-Based Property Risk Ratings
Rising losses in the property and casualty insurance sector can partly be attributed to the increasing frequency and intensity of large natural disasters, as well as the movement of populations to regions more susceptible to catastrophes.
February 28, 2023
Technology
Underwriting
AI Has Finally Entered The Building
AI’s capabilities have surged so much that it has the potential in 2023 to dramatically raise the quality of claims handling and underwriting in workers’ compensation.
February 20, 2023
Technology
Underwriting
Workers' Compensation
How Video Fast-Tracks Underwriting, Claims
A bright spot for small business insurers: Customer trust is on the rise. Fifty percent of small business owners trust their carriers more than they did pre-pandemic. That number jumps to 80% when the business owner has filed a claim
December 9, 2022
Fraud
Property
Technology
Underwriting
JIF 2022 Climate Panel Focused On Wildfire Risk
Climate risk figured prominently throughout Triple-I’s Joint Industry Forum last week -- from the impact of severe weather events on insurers’ loss ratios to its significance in terms of changing risk profiles and to Florida homeowners’ insurance crisis.
December 6, 2022
Catastrophe
Technology
Underwriting
The Insurance of Insurers
What is the impact of artificial intelligence in insurance? Well, there are a lot of use cases for artificial intelligence in everyday life, but what about AI in insurance? The effects of artificial intelligence in business heavily include insurance.
September 23, 2022
Technology
Underwriting
Why the Decline in Underwriting Quality?
Insurance is a data-driven industry, and underwriting is its heart. It’s an uncomfortable fact, then, that data from the only longitudinal study of North American P&C underwriters reveals that many important parts of underwriting seem to be mired in decline.
September 16, 2022
Underwriting
7 Questions for 2022 CPCU Society International Ambassador Edward Shen
The CPCU Society has a goal of being an inclusive global community that welcomes and empowers all individuals, ideas and voices. One way to reach this goal includes expanding its global community through outreach and initiatives designed to retain and grow membership around the world.
September 14, 2022
Education & Training
Underwriting
An Exclusive Peek at the In2Risk 2022 Conference Agenda
For the savvy insurance professional, there’s nothing quite like getting together with like-minded individuals and discussing some of the latest innovations and nuances going on in the industry. And lucky for us all, in-person events are growing in number after the last two years of uncertainty.
September 12, 2022
Insurance Industry
Risk Management
Underwriting
Insurance Industry Needs A Fast Forward Perspective On Hurricanes
A recent Risk Perspective blog from Swiss Re’s Mohit Pande has outlined the hurricane risks that the industry and economy currently face.
August 26, 2022
Catastrophe
Insurance Industry
Underwriting
Severe Convective Storms: Loss Trend Comparable To That Of Hurricanes
Severe convective storms are among the most common, most damaging natural catastrophes in the United States. In 2021, they resulted in the third-costliest year on record for the U.S. insurance industry, according to Aon, and catastrophe modeling firm RMS says the average annual insured loss from such storms nearly equals that from hurricanes, at around $17 billion.
May 27, 2022
Catastrophe
Property
Underwriting
CPCU Society Raised The Bar On Insurance Leadership At Las Vegas Conference
Las Vegas may seem an unlikely place to learn about leadership, but risk management education thrives there better than you might think.
May 18, 2022
Risk Management
Underwriting
An Injury Every Seven Seconds: Wearables Could Revolutionize Worker Safety
Over the past 30 years, industrial operations have grown increasingly sophisticated, driven by productivity.
May 10, 2022
Underwriting
Workers' Compensation
Drones, Phones And Loss Control: How Inspections Changed Amid The Pandemic
Loss control strategies had to pivot amid the COVID-19 pandemic, and while many insurance carriers reverted to ‘Old School’ loss control inspections via the phone, some took it even further, industry experts share during a Canadian Underwriter webinar.
May 9, 2022
Property
Underwriting
How To Use Social Media Data In Underwriting
Social media data provides insurers with an opportunity to gain insights into a customer’s risk exposure in real time. But it comes with many challenges.
April 12, 2022
Underwriting
