The key to great risk management is balance.
The key to great risk management is balance.
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Great insurtech understands the people who make up the industry.
The intuition, the creativity, and the empathy of risk and insurance professionals can not be replaced. Great #insurtech understands the people who make up the industry and the challenges they face.
Climate change replaces pandemic as top concern for insurers.
The pandemic is no longer the top concern for insurers – instead, “climate change is back at the top of the agenda.” AXA SA’s new report shows that global warming is a main point of focus as the frequency of severe weather events continue to rise.
“Insurance has always been a people business.”
“Insurance has always been a people business — the industry is built on relationships and helping people through times of need.”
FEMA’s Risk Rating 2.0 Goes Into Effect.
FEMA’s new Risk Rating 2.0 goes into effect for new policies, shifting how flood insurance premiums are calculated. Risk and insurance professionals who respond quickly to ensure a seamless transition open opportunities for greater growth and higher customer satisfaction.
Great insurtech strips away the noise.
Energy spent hunting down the correct documents, or diving through multiple spreadsheets, is energy taken away from building stronger client relationships. Great #insurtech is accessible, flexible, and designed to strip away the noise, so you can focus on what matters.
Impactful insurtech is more than just the technology
Impactful #insurtech is more than just the technology; it requires a deep understanding of how risk and insurance professionals work collaboratively, as well as the integrating seamlessly with the systems they already depend on.
Climate risk models underestimate climate risk by as much as 50%.
A new report by S&P Global Ratings indicate that reinsurers may be underestimating climate risk exposure by up to 50%, modeling extreme weather events as less frequent than they should. Inaccurate climate risk modeling adds “significant potential for volatility in earnings and capital” and highlights the need for more advanced analytics.
Data without context distracts more than it helps.
Data without context distracts more than it helps. Simplify and refine the insights through #insurtech to focus attention on what matters most – whether key exposures for a given risk class or improving target loss ratio.
Unpredictable P&C claims top list of insurers’ climate risk concerns.
Less predictable P&C claim costs as a result of climate change tops the list of major concerns for insurers in Bank of America’s new global survey. In today’s world, it is imperative for risk and insurance professionals to utilize models that are updated in real-time and provide actionable insights.