Louisiana has the least affordable auto insurance in the United States according to a recently published affordability index by Insurance Research Council (IRC). IRC’s affordability index measures the proportion of household income used to pay for auto insurance. IRC used …
Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to the III executive behind the move. III CEO …
The insurance education and research nonprofit The Institutes said it will finalize its affiliation with its fellow nonprofit Insurance Information Institute (Triple-I) on November 16, 2020. According to the announcement, the Triple-I will retain its offices in New York City …
The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards …
It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …
As we approach Super Bowl LII in US Bank Stadium in Minneapolis in which all-time great quarterback Tom Brady leads the Patriots against the underdog Eagles, what risk management issues are affecting the game and fans? Here are five that …
The Institutes’ work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to production and is already in testing …
Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …
The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, however, cars with drivers will likely share the road …
Insurance education provider The Institutes has launched an Associate in Insurance Data Analytics (AIDA) designation. The four courses leading to the designation provide an overview of advanced analytics and its application to the risk and insurance industry. The Institutes said …
