In the latest installment of our monthly financial services update, we take a look at the upcoming launch of the Fed’s instant payment system, banking results for the first quarter and disruption in reinsurance. … READ MORE >
insurance
As insurtech investment dips, companies get boost by teaming with traditional insurers
As initial growth expectations come under pressure, insurtechs are partnering with traditional insurers and shifting their focus from disruption to process improvement instead. … READ MORE >
Accounting for climate risks in business decisions
Businesses of all kinds, not just the insurance industry, must account for climate-related physical risks and factor them into strategic decisions. … READ MORE >
3 priorities for insurers in the future of work: Spring 2022 outlook
A confluence of pressures is forcing many insurance companies to reinvent their traditional operating models. … READ MORE >
How process intelligence can make insurers more efficient
Insurance companies have seen the shift to online self-service go mainstream over the last year and a half, and are now at a point where they must pivot if they want to meet the evolving demands of today’s customers. … READ MORE >
Insurance industry girds for major impact from coronavirus
The coronavirus pandemic has turned everyday life upside down for nearly every American. Many schools have closed and in certain areas residents have been ordered to stay in their homes. As its impact is felt across the economy, the insurance industry will not be spared. … READ MORE >
Opportunities for insurers in a low yield bond environment
Lower yields on bonds, underscored by an inverted yield curve and 10-year rates below 2%, are cause for insurance companies to reevaluate their fixed-income investment positions. … READ MORE >
Innovation is now part of the insurance ratings mix
Innovation appears to have reached the risk-averse insurance industry. A few weeks ago A.M. Best issued a press release seeking comment on draft criteria for scoring and assessing innovation at the insurance companies it rates. It could lead to an innovation ratings system. … READ MORE >