General Insurance by the numbers

| July 20, 2017

article image
First practiced by ancient Chinese and Babylonian traders, General Insurance, also known as Property and Casualty or Non-Life Insurance, has played a critical role in the evolution of modern society. An immense field today, it continues to grow in size and complexity. As increased globalization, and new economies and volatilities emerge, so do new opportunities especially for risk-focused professionals that seek to solve the unprecedented challenges faced by companies and countries around the world.

Spotlight

JMI Reports

JMI Reports offers over 30 years of industry wisdom and forward-thinking solutions that have assisted several hundred insurance operations. We are an innovator of solutions that provide property profiles and data insights to improve efficiencies and profitability for insurance companies and MGAs. Our promise: we will listen to your needs and deliver solutions that make a difference.

OTHER ARTICLES

DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW?

Article | February 10, 2020

Blockchain has great potential to create value for insurance organizations. But these are the three questions to ask before you make the investment. In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to consider before pulling the trigger on investing in blockchain. Not because I want to deter you, but because it might not be the right solution for you at this time.

Read More

How artificial Intelligence is changing insurance

Article | February 10, 2020

Here, we present the global megatrends that risk disrupting the insurance industry, and look at some of the insurtechs using AI to succeed Insurance is an industry that thrives on predictability. The more certain the outcome, the more insurance firms can be sure to offer fair rates and generate value for customers and shareholders alike. As such, it’s an industry that has been slow to adopt new technologies and adapt to global change. Today, however, change is here, and more is on the way.

Read More

7 Business Models of the Future for Insurers

Article | February 10, 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:

Read More

What You Need to Know About Coronavirus and Medicare Coverage

Article | February 10, 2020

Medicare Rights now has a flier with information about Medicare coverage and coronavirus.Congress passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. The President is expected to sign the bill soon. Early Saturday, March 14, the House passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. A Senate vote is expected soon.

Read More

Spotlight

JMI Reports

JMI Reports offers over 30 years of industry wisdom and forward-thinking solutions that have assisted several hundred insurance operations. We are an innovator of solutions that provide property profiles and data insights to improve efficiencies and profitability for insurance companies and MGAs. Our promise: we will listen to your needs and deliver solutions that make a difference.

Events