bigmarker.com
2021 has been a year of significant progress in the industry, as disruptors are serving customer segments previously left out of the insurance equation. One such group that have often struggled to find coverage is the SME sector.
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Lexis Nexis
This webinar will look at a wealth of changes to the law brought in by the Insurance Distribution Directive. Topics to be covered include: What does the Directive say? Customer’s best interest rule, Organization and professional requirements, Information requirements and Conduct of Business Rules, Cross-selling and bundled products, Remuneration & Product governance and disclosure.
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docusign
Digitizing your global contracts is challenging. But when done right, the benefits are bountiful.View this on-demand webinar, Streamlining Global Contracts at Chubb Insurance, to learn how the company digitized a complex IT contracts process spanning North America, Europe, Asia, and Latin America to achieve:
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Increased risks are impacting insurance profitability. Earlier this year, AM Best indicated an increase in losses and expenses were responsible for the P&C sector’s $4.1 billion net underwriting loss in 2021 and a weakened combined ratio of 99.6%[i] . AM Best estimated that the 2021 catastrophe losses accounted for 7.7 points on the combined ratio.
Already in 2022, the Marshall Fire in Colorado is expected to reach $1 billion in losses, with nearly 1,000 homes destroyed and hundreds more requiring damage repair. Tornadoes in Kentucky and other locations devastated both homeowners and businesses. Rising construction costs, strained supply chains, and lack of construction workers are driving up the cost of rebuilding, putting many insureds at risk of not having enough insurance coverage and insurers at risk of not knowing their overall portfolio of risk.
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