CYBER INSURANCE 101

| January 15, 2020

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In this video, learn how a territory manager reviews agency performance in their region and looks at AI-powered performance predictions for leads and flags from a specific agency. Microsoft is helping insurance companies redefine how they do business by empowering them to engage more effectively with agencies, gain insights on agent performance, and leverage AI to improve interactions.

Spotlight

Munich Reinsurance America, Inc.

As a member of Munich Res US organization, we offer the financial strength and stability that comes with being part of the worlds preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive, from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

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INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING

Article | February 21, 2020

The vibrant combination of insurance services and technical innovation takes a swing at the insurance sector. Let’s look at the current state of the market and how it pushes insurers toward rethinking risk scoring and underwriting procedures. In a global sense, the insurance industry is safe and sound. The sector is growing steadily, showing overall profitability.

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7 Business Models of the Future for Insurers

Article | February 21, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

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How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | February 21, 2020

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

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Automation for the Future of Insurance: Enabling the Ecosystem

Article | February 21, 2020

During InsurTech Connect 2019, the world’s largest gathering for the insurance industry, I had the opportunity to meet and talk about the future of insurance with executives, thought leaders, analysts, consultants, and tech providers. In an interesting discussion with Seth Rachlin, chief innovation officer of Insurance at Capgemini, he discussed three trends that he envisions driving the “future of insurance.”

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Spotlight

Munich Reinsurance America, Inc.

As a member of Munich Res US organization, we offer the financial strength and stability that comes with being part of the worlds preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive, from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

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