NEXT-GEN DIGITAL PROPERTY RISK MANAGEMENT IN A WORLD OF INCREASING AND CHANGING RISK

NEXT-GEN DIGITAL PROPERTY RISK MANAGEMENT
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.
Watch Now

Spotlight

OTHER ON-DEMAND WEBINARS

What’s AI, Really? And What’s its Role in Insurance?

verisk.com

The term AI is thrown around constantly but how many of us understand what it really means? Why do we hear so much about it? How are computers able to learn and what does this mean for insurance?
Watch Now

Driving innovation and transformation in Life insurance

the-insurance-network

Becoming a digital organisation is more than having a website and re-creating manual processes electronically.End to end digital transformation is about leveraging digital to transform the way organisations think about solving business problems, building new technology capabilities that can enable change and an agile, innovative culture that can effectively meet changing customer expectations.However, successfully achieving this is easier said than done as changing traditional operational processes and technology systems presents a number of critical challenges.
Watch Now

CQCS Insurtech & Innovation 2021

insuremo.com

This is the third edition of CQCS insurtech event, the expectation is to have more than 100 supporters and more than 1500 participants this year. Brokers, regulatory agencies, insurance companies, insurtechs, investors, technology service providers and insurance entrepreneurs from all over the world are welcome to attend the event.
Watch Now

Subcontractor Default Insurance

Lorman

Are you involved on a complex and large-scale construction project, whether from the owner or general contractor's perspective? If so, has the topic of subcontractor default insurance (SDI) been discussed? If you are involved in such a project, SDI is an important topic since SDI would generally serve as an alternative to requiring subcontractors to obtain performance bonds. SDI is a first-party insurance policy, but operates differently than the first-party insurance policies you typically think of such as a property insurance/builder's risk policy.
Watch Now

Spotlight

resources