The Future of General Insurance 2016

August 30, 2016

For insurance companies, better known for their prudence and resilience, and finding their centuries of experience and infrastructure as much an encumbrance as a strength, this serial disruption represents both a significant challenge and an unmatched opportunity. The World Insurance Report 2016 suggests the fast adoption of Internet of Things (IoT) technologies by affluent Gen Y and Gen X consumers will transform the industry by giving insurers unprecedented insight into real-time behaviors to reduce risk and stem losses. Yet, the insurer of the future may not be an incumbent big name but a data-savvy newbie with a rapid innovation cycle and brand smart appeal.

Spotlight

Federated National Insurance Company

Founded in Florida in 1992, we are committed to providing fair and competitive pricing coupled with exceptional customer service. Federated National Insurance Company currently holds a Financial Stability Rating of “A” (Exceptional) by Demotech, Inc. and an A+ by the Better Business Bureau.

OTHER WHITEPAPERS
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Tackling the complex challenges of commercial insurers

whitePaper | May 15, 2023

Commercial insurance is an information juggernaut. The sheer volume, myriad sources, and constant change of data make it uniquely challenging to model, price, process, and service large-schedule policies – and handle complex claims – at the pace of today’s business. Duck Creek supports some of the world’s leading commercial insurers with solutions designed for volume, complexity, speed, and, most of all, change. This white paper explores the unique challenges facing commercial insurers today – and outlines the ways in which Duck Creek solutions can turn those challenges into opportunities.

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Artificial Intelligence – Welcome Opportunity or Inescapable Challenge for Insurers?

whitePaper | November 15, 2019

The proliferation of big data and artificial intelligence (AI) impacts practically every human enterprise and endeavor. The insurance industry is certainly no different, having historically thrived on developments in data, data analytics, AI and other information technologies. Insurance companies are taking advantage of the digital transformation to automate claims management processes, improve operational efficiencies, and increase the quality of service they deliver to customers with personalized marketing and recommendations. The ongoing race to conquer volumes of heterogeneous data and wring every bit of informational value out of raw intelligence will mean growing opportunities and inevitable challenges for insurers, the insured and most participants in the insurance sector.

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Lawyers Professional Liability Insurance

whitePaper | December 2, 2019

Professional liability insurance can be an awkward topic for brokers, as it sometimes entails reminding accomplished professionals that they need protection from their mistakes. However, law firms understand the value of specialized expertise – especially when it comes to the coverage afforded by their own Lawyers Professional Liability Insurance.

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Demand Side of Cyber Insurance in the EU

whitePaper | February 9, 2023

The main objective of this analysis is to understand and identify current requirements and challenges faced by operators of essential services (OESs) when contracting cyber insurance. Accordingly, the aim of the analysis is to provide recommendations to policymakers and OES on possible ways to face these challenges. The work is particularly focused on the analysis of OESs as acquirers of cyber insurance products and services.

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Buy vs build - Improving speed to market in the insurance industry

whitePaper | May 24, 2022

The technological needs of some organizations reflect the urgency of establishing strategic priorities and developing agile solutions that meet customer demands quickly and effectively. One of these strategic solutions will be the adoption of SaaS core systems models.

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Institutional Investors and Corporate Carbon Footprint

whitePaper | December 27, 2021

Climate-aware institutional investors are assumed to affect the transition towards a low carbon economy by exercising their prerogatives as owners of global companies. Investors concerned with climate change can influence investee companies’ carbon footprint by voting at shareholder meetings on climate-related issues and by actively engaging with executives and board members. The authors study to what extent institutional investors’ ownership affected corporate carbon emissions in 68 countries for the period of 2007 to 2018.

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Spotlight

Federated National Insurance Company

Founded in Florida in 1992, we are committed to providing fair and competitive pricing coupled with exceptional customer service. Federated National Insurance Company currently holds a Financial Stability Rating of “A” (Exceptional) by Demotech, Inc. and an A+ by the Better Business Bureau.

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