One is a 134-year-old behemoth with a long history and a global presence. The other is an innovator in the digital space who is hardly old enough to recall the days before Netflix. However, Allianz and Lemonade are subtly demonstrating the same thing: open insurance is not only feasible, but also effective. Here’s how two …
This is more than simply a party. It is an open discussion regarding the progress made in the insurance sector toward gender equality and the progress that remains. There is talent. What, therefore, is preventing women? The problem is not getting women to work in insurance. Talent abounds in the pipeline. What follows—or rather, what …
Strategic segmentation goes deeper than typical segmentation techniques, which depend on superficial indicators like claim value, source of loss, or line of business. It takes into account a claim’s entire context and changing nature, including its seriousness, complexity, escalation risk, and even potential to help with better underwriting and pricing decisions. In short, it is …
This initiative is urgent, not just timely. Rethinking Insurance Inclusion: The BIIC The BIIC was established in order to draw attention to, assist, and address the particular difficulties that Black professionals in the insurance sector confront. It is a place for dialogue, strategy, transformation, and mentoring. Additionally, it is for the advancement of the business …
We have moved from in-person agent meetings to digital-first platforms, from yearly renewals to real-time coverage triggers, during the last 20 years. A new generation of empowered customers is now on the rise; they are willing to trade their digital footprints for improved service, are fluent in data, and expect customisation. These changes are not …
Here are the requirements and benefits of each path. 1.Private equity: The dominant force Brokerages are quite appealing due to their great margins, cheap capital requirements, and predictable income flow. However, PE investors seek speed, structure, and scalability in addition to profits. To get noticed, you must: Enhanced productivity through standardized processes Clean data and …
I talk with Deborah McBrearty, Chloe Harmer, and Belinda Djamson in the most recent Insurance News Analysis on how data and artificial intelligence (AI) are more than just trendy terms; they are radically changing how insurers evaluate, forecast, and react to risk. The LA Wildfires’ Wake-Up Call In addition to being a natural calamity, the …
Supporting businesses that fall short of their climate pledges exposes underwriters to greater risks of fines, stranded assets, and damage to their reputation. Clients who embrace the green transformation, however, stand to benefit both financially and environmentally. Another record-breaking year for damages from climate-related calamities has already been reached in 2024. That is a wake-up …
1.The Industry’s Power Center Is the Aging Generation With the median age reaching 32 this year, the world is rapidly aging. Gen X (turning 60) is heading toward retirement largely unprepared, creating urgent demand for smarter retirement and longevity solutions. Insurers must go beyond typical offerings and establish comprehensive plans that integrate health, financial, and …
Soeren Soltysiak has been named Chief Executive Officer (CEO) of Asia Reinsurance Solutions, effective April 1, 2025. Based in Singapore, he will report to George Attard, APAC CEO of Reinsurance Solutions at Aon. In his new role, Soltysiak will oversee Aon’s reinsurance strategy across treaty, facultative, analytics, and operations. Prior to this, he served as …