Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, according to Swiss Re’s latest sigma report. This is leading to the development …
1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will enhance its own excess and surplus lines offerings for small and medium-sized …
Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said. With new cases being …
Pamela Davis, president, founder and CEO for the Nonprofits Insurance Alliance (NIA), is on a mission to help nonprofits be successful at their mission by ensuring insurance is affordable and available. She started the Nonprofit Insurance Alliance in 1988. Today …
Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of insurtech startups called it quits. According to a new briefing on the sector from Willis Towers Watson, dozens of …
Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals …
The nearly 1.6 million tax-exempt entities with 501(c) designations in the United States run the gamut from churches and cultural centers to food banks and homeless shelters to disaster relief organizations, and they can be national, statewide and local in …
Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to their differing needs. And that’s not always easy. …
There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a new survey showed, the latest suggestion that the labor market has likely peaked and job …
As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a new, fresh look at many of the …
