RiskLogic
Recent catastrophic events coupled with local industrial losses has significantly changed the insurance industry. Insurers appetite to underwrite Food and Beverage and Manufacturing exposures in particular has reduced dramatically. This change has led to increased premiums and in some instances, businesses being classified as 'un-insurable'. Managing this change in appetite can often come down to how you differentiate your risk and resilience strategies, at renewal.
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Lorman
Many companies rely on information contained in a certificate of insurance as proof of insurance coverage, only to find out after it is too late that the information was not accurate or coverage was not in place. Policyholders often furnish third parties with certificates of insurance without considering the effects doing so may have on their coverage. Insurance agents can also be too quick to issue a certificate of insurance, and may face liability or even fines if they are not careful. This topic will help anyone working with certificates of insurance in any field understand what a certificate of insurance is, and what it can and cannot do, and will fully explain the pitfalls of certificates of insurance, and how policyholders, brokers, and third parties seeking coverage under another's policy can get themselves into trouble in requesting, issuing, and relying upon certificates of insurance.
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Constraints cause creativity. Covid created the need to handle property claims remotely. The technology and uses of devices to assess damage and settle claims has proliferated in the last 24 months.
To support the launch of the InsTech London report, “Remote Claims Assessment - the 40 companies to watch”, Matthew Grant hosted a Live Chat to discuss the findings in our report. We spoke to the creators and users of these solutions, examine what is happening in this area, discuss the opportunities emerging from new technologies and the future themes in remote claims assessment.
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novarica
Telematics is growing, but overall participation remains modest: about a third of P/C carriers have telematics capabilities live or in pilot, and about a third of their policyholders participate in those programs. At the same time, vendors and carriers are beginning to move beyond traditional UBI programs to target services that are enabled or closely aligned with telematics, especially around claims.
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