InsurTech Evaluation – The different perspectives

On-board sensors, telematics and wearables present ample opportunity for carriers and their insureds to collect and put to good use loss-prevention data. However, the Holy Grail in this endeavor is sharing that data in a transparent, collaborative way.

As cyber insurance underwriting evolves, balancing information requirements and pragmatic market dynamics is essential. Risks and organizations change rapidly and knowing the right questions to ask, along with providing the right threat insights, makes the process run smoother for brokers, insurers, and their clients. On Thursday, September 7, Advisen’s Erin Ayers, Symantec’s Nikon Rasumov, and other panelists discussed the best ways to present better risk profiles for your cyber clients and improve the effectiveness of placing cyber insurance, for all parties involved.

Unless you collect the same item or have an interest in the same hobby as an insured, you may be asked to insure items about which you have little first-hand knowledge. Every homeowners policy has limitations that apply to certain classes of personal property and liability arising out of activities in which an insured may be involved. Examine the difference in valuation methods based on Actual Cash Value, Replacement Cost, and Agreed Value. Evaluate significant differences in the level of protection for owned versus non-owned motorized "toys" under a homeowners policy. Examine how a personal umbrella policy can help fill in the potential coverage gaps.

Court decisions can have a profound impact on insurance companies. But analyzing court decisions across hundreds of jurisdictions to dissect complex coverage issues is costly and time- consuming. This webinar discusses the benefits of incorporating a streamlined way to analyze case law to help understand its potential impact on policy language, underwriting, claims, and other insurance decision making.