Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a report published in April by global insurance broker Marsh and the …
Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth in business …
Insurance Commissioner Obscurity “Without being too cynical, voters aren’t going to hear much about this office. I’m not sure a lot of people know what the insurance commissioner does.” — Parke Skelton, a Democratic political consultant who worked on the …
There appears to be a misalignment between carrier performance and independent agents’ expectations in both personal and commercial lines. These are selected findings of “Agent Voices 2018,” a soon-to-be-released report based on a survey of the nation’s independent agents cosponsored …
A retail store’s ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn’t fictional. It’s called biometric authentication, and it has grown …
Insurers can seize major growth opportunities by redesigning work, bringing in new talent, and pivoting their existing workforces to work with artificial intelligence (AI), according to a new report by Accenture. The report, Future Workforce Survey – Insurance: Realizing the …
This year marks the 12th year of the Demotech Company Classification System, which was established in the Feb. 12, 2007 issue of Insurance Journal. The system categorizes insurers into one of 11 categories based on an analysis of data reported …
In exploring the use of blockchain technology, the insurance industry must consider the issues and challenges presented by nearly 20- year-old privacy requirements created by the Gramm-Leach-Bliley Act, signed in 1999 by President Clinton. For the first time since 1933, …
Cyber losses at large companies make the headlines. Hacks at Target, Equifax, JP Morgan Chase, Sony, and Anthem are well-known. While certainly painful experiences for them and their customers, these events are not likely to put these firms out of …
Insurance agencies and brokerage firms recorded the second consecutive quarter of accelerating growth, and their outlook for the remainder of 2018 continues to be optimistic, according to a new survey of mid-to-large privately held firms. All lines of business experienced …
