|
Paul Carroll, Editor-in-Chief of ITL
While the "heat apocalypse" that is baking much of Europe may seem like just more of the same extreme weather we've been experiencing globally for years now, it seems to me that we've now reached a new level of disruption, with significant implications for insurers.
Like prior heat waves, this is one is exacerbating wildfires, destroying homes and other buildings, causing mass evacuations and generally upending millions of lives. The "heat apocalypse," as it's being labeled in France, is causing stress that is killing people -- hundreds just in Spain last week -- and overloading hospitals. But, as awful as all that is, insurers have been adjusting, and the public has become inured.
The new news here, it seems to me, is all the downstream disruption -- the business closings, the cancellation of flights and trains, etc. that will produce a flurry of claims for insurers and that will only get worse as global warming continues.
Although most of the climate change debate seems to focus on just how much temperatures will rise by 2035 or 2050 and just how destructive that increase will be, major effects have begun happening here and now -- and insurers are on the hook.
continue reading >
|
|
|
Increased risks are impacting insurance profitability. So how can insurers adapt? Join industry experts Denise Garth, Chief Strategy Officer at Majesco and Clive Anderson, Systems and Governance Manager at Aviva to better understand how next-gen digital property risk management with digital loss control, digital underwriting and AI/ML models can help insurers thrive.
Download Now
|
|
|
|
Insurers can use AI and machine learning to offer to anticipate customers' needs as they progress through life events and their risk category changes.
Read More
|
|
|
|
With insurance carriers at a pivot point because of the pandemic, here are three ways to attack fraud without messing up the customer experience.
Read More
|
|
|
|
Sponsored by PwC
In this webinar, we discuss why insurers have frustrated customers for so long -- and what they are finally starting to do to remove the problems.
Watch Now
|
|
|
|
Insurers and body shops need to start thinking differently about claims and repair processes, and how they can be revolutionized through AI and VI – Visual Intelligence.
Read More
|
|
|
|
Auto insurers should expect higher claims costs in the second half and longer wait times for damaged vehicles to be repaired and returned to their owners.
Read More
|
|
|
|
It is important for parents and caregivers to restore a sense of safety to their children even when the world does not feel safe.
Read More
|
|
|
|
Many insurance companies have begun to reevaluate their equity investments. Is it time for them to follow John D. Rockefeller’s example and focus on dividend-paying equities?
Read More
|
|
|
|
Sponsored by ClarionDoor
We've been talking about the topic for many years now. Aren't we done yet? Can't we move on? In fact, we are just about done -- almost all insurance operations have incorporated digital technology. So, yes, it's time to move on to the next stages of the industry's remake.
Read More
|
|
|
|
Sponsored by AgentSync
When my younger daughter was a freshman at Yale, I was encouraged that her intro to economics class included a fairly long section on the economics of insurance -- essentially, an exercise in determining how much people valued the peace of mind they get from having a policy in place. Insurance certainly never came up in any of the economics classes I took way back when, and I took the material as a good sign: A top-tier college was making insurance intriguing for smart, young students.
Alas, I couldn't interest my daughter in the insurance industry. And there seems to be a lot of that indifference going around, based on the persistent concerns in the industry about the talent gap.
Read More
|
|
|
|
Sponsored by IIS
In this webinar, based on McKinsey's global insurance report, we tackle some fundamental issues facing the industry that are seldom confronted
Register Today
|
|
|
|
Partner with ITL to create expert thought leadership content.
Custom Content
Promoted Content
Display Advertising
Custom Webinars
Monthly Topic Sponsorships
ITL Partner Packages and more
Learn more and get the 2022 Media Kit
|
|
|
|
|
Write for Us
Our authors are what set Insurance Thought Leadership apart.
|
|
|
|
|
|
|
|
