3 Underwriting Predictions for 2021 and Beyond
While 2020 proved to be a year that changed the way we live and work, our predictions for 2020 nevertheless proved to be remarkably accurate.
January 20, 2021
4:31 pm
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While 2020 proved to be a year that changed the way we live and work, our predictions for 2020 nevertheless proved to be remarkably accurate.
AXA is deploying what it calls its “smart working strategy” in all of its entities worldwide, incorporating lessons learned from the COVID-19 pandemic and how it shaped the work environment.
Global insurance and reinsurance broker Marsh & McLennan has announced two new commitments in its effort to combat climate change.
Technology continues to be a primary growth driver in insurance dealmaking worldwide. Notable deals completed in 2020 include investments into US-based startup Openly, Belgium’s Keypoint, and yallacompare in the United Arab Emirates.
The insurance industry is going to have to get younger, more digitally savvy and come up with more versatile products. Oh, and employees will probably not be coming back to the office.
Accenture’s analysis found a high correlation between insurers with strong performance in top line, net income and market valuation and those who invested in two types of innovations:
This past year we have seen major companies, sports teams, and individuals making a splash by trying to push for social justice activities through their dollars, actions or statements. The one industry that has been relatively quiet in the arena—and the one that has been a quiet force around justice, safety, and responsibility for decades—has been insurance.
Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate purposes.”
Independent specialist re/insurance broker BMS Group has announced the launch its Asia broking operations.
Changes are occurring as personal lines insurers consider the new realities of the business environment, risk landscape and workforce shifts.
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