Thought Leadership

Improving the customer experience continues to matter most to insurers thinking about technology spending in 2023, according to the latest annual Gartner CIO and Technology Executive Survey. The survey of 2,203 executives includes 91 from the insurance industry.

Consilium, the global speciality (re)insurance broking business of the Aventum Group, today announces the launch of a new cedant driven FAC reinsurance division.

Paytient, a company that built health payment accounts, announced a $40 million series B funding round. The round raised the total funding for the provider of interest-free credit cards to $63 million.

As 2022 winds down, carriers, agents, brokers and vendors in the insurance industry are thinking about what comes next.

At EIP we are passionate and laser focused upon making the claims experience for mobile device insurance quick and seamless for our customers. Now, more than ever, we’re managing our day-to-day lives through our mobile devices, be it for shopping, banking, maps or simply (and here’s a novel use!), to keep in contact.

New ‘Clarity on Demand’ platform allows insurers and brokers to provide commentary on policy clauses, claims and market trends in aviation.

Most people will have gone through the rigmarole of making an insurance claim. Already frustrated by the incident – a burglary, a damaged vehicle, a broken device – that led to them picking up the phone and calling their insurance provider, they then have to spend time detailing the incident, passing on their personal details and waiting, sometimes for a lengthy period, to see if the claim is successful.

Earnix, a provider cloud-based intelligent real-time, dynamic pricing and rating solutions for insurers and banks, has announced it is appointing insurance and fintech industry veteran, Robin Gilthorpe, as its new Chief Executive Officer effective Feb. 1, 2023. Gilthorpe will be taking over the helm from Mr. Udi Ziv, who served as the company’s CEO during the past six years.

Four strategic objectives to generate maximum impact

With ongoing challenges such as interest rates, inflation, volatile markets, and changing requirements, institutional investors are under increasing pressure to respond proactively.

More than half of risk managers are significantly involved in their organization’s ESG efforts, but 77 percent believe they should take an active or more active role in ESG strategy and initiatives, according to the 2022 ESG Global Risk Managers Survey from WTW.

The bankruptcy of cryptocurrency exchange FTX is the latest example of a corporate collapse resulting from governance failures, and carries some tough lessons for insurers, according to AM Best.

Insurance carriers and independent agents work together but often don’t understand each other’s viewpoint. However, without their partnership neither would be able to be successful. This is especially true in the complex world of cybersecurity and identity management where both have a mutual goal of keeping their systems secure and their customers’ information private.

Many Americans look to life insurance to protect their families from financial burden after death, but those protections can be vastly different depending on factors that include the color of the policy holder’s skin.

It is not a secret that Artificial Intelligence (AI) is revolutionising every facet of our lives. Its ability to learn, make decisions, and self-correct is making it the fastest growing technology of our era.

Insurance firms use data analytics to generate real-time consumer and market information.