Features

3 Reasons New Producers Go Bad

Every year the NFL has a draft. There are 32 teams, and each has seven picks for a total of 224 football players drafted into the NFL. Each of those 32 teams has a recruiting staff that evaluates their picks. …

The Business Case for Promoting Women to Leadership Roles

The numbers are in, and they solidify something many people in our industry have known for years: having women in leadership positions drives business results. A McKinsey & Company article published late last year revealed that company profits and share …

AM Best Explains DUAE Performance Assessment

Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program administrators and other underwriting agencies. These specialized distribution partners have not …

The Evolving Gig Economy

The pandemic gave gig workers and the gig economy a push all throughout 2020, not only filling in high-demand gaps, but also assisting business sectors that endured fits of stopping and starting due shutdowns. According to a recent Monster survey …

AM Best Plans to Assess MGAs, Other Delegated Authority Entities

With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best has decided it is time to deliver assessments of these entities. “What we’ve seen is really …

The Insuring Cyber Podcast: Returning to the Early Days of Cyber Coverage

With the sophistication of cyber attacks, claims growth, and now, a global pandemic driving a number of businesses toward remote work, it’s no question the cyber insurance industry has had to evolve rapidly since its onset. Steve Robinson, National Cyber …

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during business interruptions. Jay Bregman, co-founder …

Why Working at Home Brought New Risks for Agencies, Clients

In some recent Academy of Insurance classes, I’ve been asking people about their working situation. Most of the people I’ve been talking to transitioned for a while to the work from home space, and many are still there at least …

The Perils of Employment-Linked Insurance

We are all too familiar with the economic fallout that has resulted from the coronavirus pandemic, both at the individual and national levels. An estimated one in five workers has collected unemployment benefits and GDP decreased at an annual rate …

Effective Recruitment in the Virtual Environment

Following a whirlwind year, most professionals have adjusted to conducting business remotely. Relationships have been built and strengthened over instant messages. Leaders have made high stakes decisions during video conferences. Executives have been tasked with guiding their organizations and people …

Features Archives by Month