Insurance Nerds’ Post

Is California broken or are we overreacting? Find out on the live stream of “The Great Debate: How to Fix California” - now available at the link below. A big thank you to our esteemed debaters, Pat Sullivan from Risk Information Inc. and Joel Laucher, former Deputy Commissioner of California, for lending their expertise to unpack this pressing issue. What happens next will have implications for any insurance market grappling with adapting to climate risk. #california #riskmanagement #underwriting #ZestyAI #insurance

How big is the PFAS risk to insurers? Well, at the very least, it's time to be proactive about your PFAS reserve strategies because traditional actuarial methods will not be applicable. Drew Groth and Travis Grulkowski offer innovative methodologies that can help insurers set reasonable reserves and give us insight on: ◾️ PFAS risk to insurers ◾️ Policies potentially at risk ◾️ Why traditional actuarial methods don’t work ◾️ Stochastic modeling ◾️ The urgency to start reserving now so PFAS uncertainty doesn’t last forever Read the article via Carrier Management 📰 https://bit.ly/4aw6uyg

This week, NCCI Chief Actuary Donna L Glenn, FCAS, MAAA, provides perspectives on the #workerscomp line during the Insurance Information Institute Q4 Insurance Economics & Underwriting Projections Member Briefing. Learn more about NCCI Thought Leaders @ ncci.com/insights. #NCCISpeaks

👀 IF YOU MISSED OUR WEBINAR... Why Use Parametric Insurance? WATCH HERE 👉https://ow.ly/lhwu50R1kGQ Both the frequency and severity of natural catastrophes globally are on the rise. As a result, traditional (re)insurance programmes have become more costly, capacity remains constrained and coverage is narrow than in years’ past. At the same time, risks have become more complex and interdependent. All of these factors are contributing to the need for additional innovative tools to address natural catastrophe risks for exposed projects. The combination of quick liquidity (within days or weeks of the event), broad coverage (any loss resulting from the event) and flexibility in design make parametric an excellent tool to either complement traditional insurance or act as a replacement where traditional insurance cannot adequately address the problem. This webinar reflects on the trends within the NatCat market and explores how clients are utilising the parametric tool to more comprehensively address natural catastrophe risk. Aon Descartes Underwriting #parametrics #ESG #webinars #riskmanagement

There’s only one week to go until, senior product manager, Caroline Elliott-Grey's CII Webinar on the role of #geospatial #data intelligence in predicting environmental risks. If you want to learn more why not join Caroline on March 21st? Find out more here https://splr.io/6048c9LLC #geospatialdata #CII #propertyinsurance

In case you missed it… The Critical Role of Geospatial Data Intelligence in Property Insurance Pricing webinar is now available on demand. This webinar looks at the extreme weather events of the past two years and discusses the role of geospatial data intelligence to help insurance providers better understand and mitigate environmental risks. Watch it here: https://ow.ly/jy3p50ReTOU

Trending this week 📈 #ITtrending Dave Martin: Discipline will continue as Aviva seeks to drive service and product development Aviva gained a stellar position in the latest Insurance Times Top 50 Insurers report, with its underwriting performance standing out against the other four firms that made up the top five. David Martin, the insurer's managing director for UK general insurance distribution and SME tells Jon Guy that it has 'focused on growth in terms of the products we offer to our clients and making it easier when they look to engage with us digitally' #insurers #commercialines #financial #ITinterviews #ITexclusive https://lnkd.in/eXZmy_6t

Tracy Ryan, CEO of Allianz Commercial North America, will be sharing her unique insights on the state of the commercial insurance market in 2024 at the Aon 19th annual Property Symposium and Casualty Roundtable as part of the esteemed CEO panel. Entering an expansive global election year, with escalating environmental risks and evolving perils across the risk landscape, 2024 presents challenges as well as opportunities to help shape the future of the industry. #AllianzCommercial #Ready #AllianzandAon #PropertySymposiumandCasualtyRoundtable #PropertyInsurance

Another episode of What's Your Ethos? was just released! Peter is joined by Susan Keisler-Munro, CEO of Assurity Insurance. Susie is a dynamic leader who has been at the forefront of innovation in this industry. Tune in for a discussion that encompasses the role of leadership in the insurance industry, strategies for navigating the complexities of insurance, and the transformation of Assurity under her guidance. It's an episode you don't want to miss! https://bit.ly/3UNeBAp

This Tuesday, Tracy Ryan, CEO of Allianz Commercial North America, will be sharing her unique insights on the state of the commercial insurance market in 2024 at the Aon 19th annual Property Symposium and Casualty Roundtable as part of the esteemed CEO panel. Entering an expansive global election year, with escalating environmental risks and evolving perils across the risk landscape, 2024 presents challenges as well as opportunities to help shape the future of the industry. #AllianzCommercial #Ready #AllianzandAon #PropertySymposiumandCasualtyRoundtable #PropertyInsurance