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Lockton, the world’s largest independent insurance brokerage, announced its entry into the Indian market with the appointment of Dr. Sandeep Dadia as Chief Executive Officer, India (subject to regulatory approval), and a member of the Lockton Asia leadership team. Dr. Dadia will play a key role in driving Lockton’s growth and building a risk solutions strategy for clients, with a focus on attracting top talent, in India. Dr. Dadia’s mission is to elevate Lockton’s status to one of the leading international brokers in India. His aim is to fully harness Lockton’s global expertise and local knowledge, while maintaining its impressive 97% client retention rate. Dr. Dadia brings with him a wealth of knowledge from 20 years of experience in the insurance industry. During his career, he has successfully led four startups and has held leadership positions at Enam Insurance Brokers Pvt. Ltd, TTK Healthcare Services and most recently at Aditya Birla Insurance Brokers Limited (ABIBL), where he was Chief Executive Officer and Principal Officer, leading the company to become one of the top insurance brokers in India. Dr. Dadia also holds several significant industry roles. He has served on the Board of Directors of the Insurance Broker Association of India, as Convener for Broking in Confederation of Indian Industry (CII) and on the advisory committee to the Insurance Regulatory and Development Authority (IRDAI) for Cyber Insurance. Addressing Lockton’s entry into India, Warren Merritt, Asia CEO, said, “We are excited to have Sandeep lead the organization in India, bringing his expertise and knowledge of the insurance sector. This strategic entry into India creates an opportunity for Lockton to continue to build its established network in the region. Lockton’s largest investment in the Asia region reflects our dedication to fostering economic growth and creating new opportunities for the local community. We look forward to actively contributing to the development of the insurance industry within the country and across the region.” Speaking on his appointment, Dr. Sandeep Dadia said, “I am elated to join and lead Lockton’s vision to meet the growing demand for risk consulting and management services in India. As we establish a new startup backed by one of the world’s largest insurance brokers, Lockton is committed to being a strategic partner, ensuring that our risk management solutions contribute to our clients’ success. I look forward to leading Lockton in India, delivering high-quality insurance services tailored to the Indian market and making a positive impact in the sector.” With over 135 offices worldwide, Lockton is, subject to regulatory approval, expanding its footprint to meet India’s growing demand for risk consulting and management services. As the world’s largest independent insurance brokerage, Lockton in India will leverage its unique expertise and global capabilities alongside local knowledge. The team of top professionals, at Lockton is dedicated to offering clients a wealth of technical expertise while placing a strong emphasis on establishing high-quality, long-term client-focused relationships.

https://www.cxodigitalpulse.com/lockton-appoints-dr-sandeep-dadia-as-chief-executive-officer-for-india/

Insurers Must Prepare For Big Data's Impact On ERM The rapidly increasing volume, variety and velocity of information circulation will affect how insurers manage enterprise risk, but many carriers are struggling with the basic problems of data aggregation, integration and governance. Is Insurance A Local Business? Though there are dominant national players, policyholders tend to be most satisfied with carriers that are headquartered in their area, J.D. Power research suggests. Gartner: Personal Loss Control Could Reduce Losses 20% by 2015 What a new Gartner report terms "active loss prevention" could usher in a new era of insurer/policyholder cooperation in the prevention of loss of property and person — potentially reshaping consumers' perception of the value of the insurance industry. Tech Must Play Critical Role in Berkshire Hathaway Specialty Debut Start up ventures without legacy burdens enjoy a great opportunity for a forward-looking management team to really embed analytics and digital communications into their strategy, but others can leverage technology for specialty success, suggests Martina Conlon, Novarica. FIO and NYDFS: A Tale of Two Reports New York Insurance Commissioner Ben Lawsky's criticism of captive reinsurance deals appears sensationalist in light of the yesterday's FIO report and industry-side statements. 4 Key Issues from the Long-Delayed FIO Report The Federal Insurance Office's first annual report on the U.S. insurance industry, mandated by the Dodd-Frank law, came out -- more than a year late -- today. Here's a quick, early look at what the body is following. 10 Top Tweets from #IASA2013 Twitter activity around the IASA Educational Conference and Business Show increased this year with the promise of an iPad Mini to one prolific Tweeter. Here's some of the highlights. Big Data's Consumerization Angle As with mobile and social media, insurance company employees increasingly expect to have access to analytics and big data capabilities. IASA Trend Watch: Mobile Product launches reveal that insurers are demanding mobility solutions above all else from the vendor community.

https://insurancetech.com/archivesc709-2.html?amp;piddlyear=2011&newsandcommentary=yes&piddl_month=6&piddl_year=2013

Bobby Hines is a Greenville, SC native and has been in the commercial real estate business for 15 years. He started his career in commercial real estate at Coldwell Banker Commercial Caine after leaving the textile industry in the late nineties. He worked at CBC Caine for ten years then was approached by Langston Black Real Estate, Inc. to establish their Greenville office 5 years ago. Now he has joined the Spencer/Hines Properties team to establish Spencer/Hines Greenville in 2013 as Broker In Charge. Mr. Hines has a unique perspective to commercial real estate as he is also an owner in various commercial buildings. Before entering into commercial brokerage, Bobby was a commercial real estate investor. He truly understands an owner's perspective and has completed tens of millions of dollars in transactions. In 2012 alone, Bobby completed over 6 million dollars in sale and lease transactions. Mr. Hines has achieved the Circle of Distinction Award and Power Broker award from CO-STAR for multiple years. Bobby has represented a number of tenants and developers including Spinx, Firehouse Subs, Subway, Family Dollar, Classy Kids Child Care, Hertz Rental Car, Fuddruckers to name a few. Bobby enjoys working with various clients from national companies who have numerous locations to small business owners or landlords. Bobby focuses on office, retail, industrial, and income producing properties. 245 N. Main St., Suite 201 Greenville, SC 29601 864 991 8077

https://www.spencerhines.com/bobby-hines-commercial-broker-in-charge

Benepath is a Pennsylvania based insurance lead company offering exclusive web leads, calls and aged leads. The company, founded by insurance veteran Clelland Green, started offering exclusive health insurance leads in 2008. Since that time, Benepath has added Medicare Supplement, Group Health, Life/Final Expense and Commercial lines along with a shared individual health insurance product. Life Insurance Leads Below is a list of providers offering life insurance leads. Simply click on any of the company names to see a full review. Established in 2003, HomeTownQuotes prides its self on high quality Auto, Home, Renters and Life insurance leads with a focus on agent-centric customer service. AllWebLeads.com is one of the biggest online insurance lead companies in the industry. By generating high lead volume from multiple marketing channels as well as in-house web properties, this company is able to service a large number of lead buyers. InsuranceQuotes Agents (iQ Agents) is a recent entrant into the insurance lead marketplace officially launching in April of 2015. The company offers features, options and lead volume that rival industry competitors. With a name like InsuranceLeads.com, it is easy to understand why this company is able to attract a sizable lead buyer audience. A large selection of leads, combined with risk and geo filters has been a successful combination for the company. When it comes to name recognition, NetQuote is one of the most well known lead providers in the industry. With numerous high quality web properties, the company is able to provide agencies leads across most product lines. As one of the oldest insurance lead companies in the business, InsureMe for Agents offers national online lead coverage across most popular product lines. AgentInsider prides itself on offering quality leads, with the hopes of increasing the conversion rate of each and every agent. Since 1998, Leadbot has been generating exclusive insurance leads for agents throughout the United States with strong traction in the life market. Getting started is as simple as providing basic contact information as well as details regarding your primary line and average number of applications produced each month. By offering exclusive leads to insurance agents, ParasolLeads has found its niche in the lead industry. The company claims their agents close roughly 40% of the insurance sales leads that they purchase.

https://www.insuranceleadreviews.com/leads/life/

Boxx raises $10 million Toronto-based cyber insurance MGA Boxx Insurance has raised $10 million in Series A funding from Cyber Mentor Fund, Zurich Insurance Group, and SixThirty Ventures. Launched in 2018, Boxx offers cyber insurance to small businesses, individuals and families and it is active in Canada and in select markets in Europe and Latin America. The company also announced a global collaboration with Zurich. “BOXX’s prevention-led approach convinced us that they are building a winning business with the potential to actively shape cyber insurance for small to mid-sized businesses and consumers. They are an exciting business and passionate about making cyber security simple for customers by integrating tools and technology with insurance. The combination of their knowledge and Zurich’s global reach and international expertise is a win-win situation for Zurich customers and BOXX.” – Jack Howell, CEO of Zurich Global Ventures. “A massive opportunity exists to help companies and consumers reduce their growing digital risk exposure and we believe BOXX will play a role given their deep roots in the insurance industry and prevention-led approach. We couldn’t be more excited about the relationship between Zurich and BOXX, and are thrilled to be investing at a time in the BOXX journey when they are seeing unrivaled traction and staking a claim as a dominant force in the industry.” – Tim Eades, general partner, CMF.

https://coverager.com/boxx-raises-10-million/

List of the best lawyers Smart Legal Solutions Legal guides written by Smart Legal Solutions: - Main Legal Measures to Protect Foreign Investment in Thailand - Legal Protection of Foreign Investment in Thailand - The importance of the geographical indications for the Thai economy ADK VIETNAM LAWYERS LAW FIRM 4M Legal and Tax Free Consultation: 30 mins Imperial Law Associates Free Consultation: 30 mins Al Kabban & Associates Advocates and Legal Consultants Browse bad faith insurance law firms by country Refine your search by selecting a country. Bad Faith Insurance Bad Faith Insurance refers to when there is an insurer’s attempt to renege on its obligations to its policyholder. Examples of bad faith insurance claims include refusal by the insurance agency or insurer to pay a claim in compliance with the insurance policy and providing unacceptable delays in the processing of a claim. Bad Faith Insurance can be heavily damaging to the policyholder. If an insurance company denies, undervalues, or delays a claim, the policyholder’s financial well-being could be demolished. Furthermore, insurance companies can bring deep pockets, teams of lawyers, and extensive negotiating experience to bear against their policyholders, making disputes a very unfair fight. Bad faith lawsuits can also be brought against an insurance company by defendants in personal injury cases if the insurance company fail to meet their duty to the policyholder such as The insurance company took an unreasonable length of time to pay your claim. The insurance company denied your claim after failing to adequately investigate your property damage The insurance company intentionally misinterpreted or inaccurately represented their policy to minimize the cost of your claim The policyholder may be able to file a bad faith insurance lawsuit against the insurance company. However, they still need a lawyer who specializes in insurance law to aid them in the legal details and assist in prevailing the lawsuit. The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.

https://lawzana.com/bad-faith-insurance-lawyers

Policyholder health support Nightingale Health offers a proactive approach for policyholders to manage their health. Improve profitability and customer engagement with proactive health promotion strategies By promoting healthy lifestyle choices and providing disease prevention tools, insurers can reduce the overall risk profile of their policyholder base, leading to lower claims and improved profitability. This holistic approach to health encourages policyholders to take proactive steps towards their well-being, which fosters increased policy retention and referrals, ultimately driving the business towards a sustainable brand promise. Drive your brand and value creation By integrating Nightingale Health's comprehensive health data, insurers can position themselves as pioneers in personalized health coverage, setting them apart in a competitive market. Promote healthy lifestyles By adopting a proactive approach to health, life insurers can shift towards being true partners in health, actively helping their customers to lead healthier, longer lives. Improve customer engagement Insurers can leverage Nightingale Health's data to provide highly targeted advice, information, and services that truly resonate with their policyholders. Increase retention and referrals Nightingale Health's personalized data helps policyholders feel valued and understood, increasing their satisfaction and likelihood to renew their policies. Livit by Nightingale Health is the health companion of policyholders Livit provides an overview of future health and information on the well-being of the body and mind, divided into four areas: heart, mind, immunity, and metabolism. The results encourage trying new things, as improvements in, for example, sleeping habits, exercise, or diet can be seen in a follow-up test. Livit is based on an easy-to-use mobile application and a simple at-home finger-prick blood test. Based on Nightingale Health’s proprietary technology, the measuring method provides more holistic information than smart rings and watches. Simple end-to-end solution for life insurers and a seamless experience for policyholders New policyholder health risk assessment Assess accurately the life insurance applicant's risk of developing lifestyle diseases and associated mortality. Existing policyholder base risk assessment Take a comprehensive approach to managing the policyholder base risks associated to onset of and mortality from chronic diseases.

https://pro.nightingalehealth.com/policyholder-health-support

In staying true to our vision, we have invested in building alliances with leading insurance brokerages around the world. Through these alliances, we have arms in international insurance and reinsurance markets. We are therefore able to provide you with global insurance solutions that are not available in the local market. Established in 1878, Frenkel & Company are one of the top 20 Retail Insurance Brokers in the United States Being the first insurance broker in France, Gras Savoye has a powerful regional network & also has access to 140 countries through its partnership with Willis ECB Sigorta have been in the industry for more than 40 years. Their vast amount of experience is what makes them the go-to choice for their clients. JB Boda poineered Reinsurance Broking in India and today they are the largest and oldest Reinsurance Brokers in India. With over 100 years of insurance and management experience, Ascot & Fetch have a strong presence in the middle east. Founded in 2009, Inspired Solutions has an emphasis on Risk Management Services. The company has its network of Risk Professionals spread across the globe. MIB is an international wholesale and reinsurance Lioyd’s Broker based in London. MIb has a strong reputation worldwide with a particular focus in the middle East

https://www.gib-sa.com/our-alliances/

Palo Alto Networks Senior Director, Global Policy Danielle Kriz joined Palo Alto Networks in February 2016 as Senior Director of Global Policy. In this position, she leads the company’s engagement with governments around the world on public policy issues, such as 5G security and IoT security, that impact Palo Alto Networks. Danielle has 25 years of technology, cybersecurity, and trade policy experience. She previously was Director for Global Cybersecurity Policy at the Information Technology Industry Council (ITI), a Washington, D.C.-based trade association representing the world’s largest technology companies. Danielle established ITI’s globally impactful cybersecurity policy practice, where she encouraged governments to leverage industry’s considerable efforts on cybersecurity and to enact laws and policies that improve security while facilitating innovation. Danielle spent four years in Silicon Valley developing and consulting on government affairs strategies for high-tech and clean-tech firms. She began her career with a decade in the U.S. government, working on high-tech trade policies at the U.S. International Trade Commission and then the U.S. Department of Commerce’s International Trade Administration, where she spearheaded the U.S. Government’s work on cybersecurity as it intersects with trade. Danielle has worked with governments and engaged on cybersecurity policies in the U.S., EU, Japan, the U.K., Singapore, China, India, Korea, Brazil, and many others. Danielle has an MS in Foreign Service from Georgetown University, with a focus on international trade and technology policy, and a BA from Ithaca College in politics. She lived in Tokyo from 1991-1994.

https://www.oecd-events.org/digital-security-for-prosperity/speaker/28819872-bcc4-eb11-94b3-000d3a219024/danielle-kriz

Fortegra Group proclaims new additions to its management crew | Insurance coverage Enterprise Australia Fortegra Group proclaims new additions to its management crew They embody a chief reinsurance purchaser Fortegra Group, Inc, a world specialty insurer and subsidiary of Tiptree Inc, has made vital additions to its management crew, appointing Eric Halter as senior vp for enterprise growth and Bianca Hoshina as chief reinsurance purchaser. In keeping with a Press launch, the transfer fortifies the capabilities of Fortegra’s specialty crew and aligns with the corporate’s dedication to this system area. With a formidable profession spanning over 35 years within the insurance coverage and monetary sectors, Halter brings a wealth of expertise to his new position. His most up-to-date place was as managing director of AF Specialty, a part of AF Group, Inc. Previous to this, Halter served because the president of Patriot Captive Administration. “This chance marks a big milestone in my profession; I’m excited to leverage my in depth program expertise alongside the proficient crew at Fortegra to bolster their continued success within the specialty markets,” mentioned Halter. In the meantime, Hoshina has over 20 years of experience within the reinsurance sector. Earlier than becoming a member of Fortegra, she served because the chief reinsurance officer at Centauri Insurance coverage Specialty Firm. Hoshina’s in depth expertise contains taking over necessary roles at reinsurance firms, together with Tokio Millennium, Renaissance Re, and Montpelier Re. “I’m thrilled to turn out to be part of the Fortegra household and sit up for contributing my abilities and experience to additional improve Fortegra’s repute as an trade innovator,” mentioned Hoshina. Each Halter and Hoshina will report back to Mark Rattner, chief underwriting officer for insurance coverage at Fortegra, guaranteeing a cohesive and strategic alignment of their roles throughout the firm’s management construction. Have any ideas about this story? Go away a remark beneath. Sustain with the newest information and occasions Be a part of our mailing record, it’s free!

https://www.sr22insurancenews.com/fortegra-group-proclaims-new-additions-to-its-management-crew/

Davies expands its North American offering through the acquisition of premium audit, loss control inspection and risk mitigation specialist, Afirm LONDON, UK – 12 April 2023 – Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced that it has acquired Afirm Solutions (“Afirm”), the specialist provider of premium audit, loss control inspection and risk mitigation services for insurance carriers, insurance distribution platforms, and third-party administrators (TPAs). Headquartered in Fort Collins, Colorado, U.S., Afirm is a nationwide full-service provider of premium audit and loss control inspection services across personal & commercial lines of insurance throughout all 50 U.S. states & parts of Canada. Afirm is the only vendor providing premium audit and loss control vendor with operations in Canada. Afirm will form part of Davies U.S. led by CEO, Matt Button. Afirm President Mark de Waal will continue to lead the business, joining the Insurance Services leadership team within Davies U.S. All Afirm employees will continue in their roles within Davies U.S. In recent years, Davies has established and expanded its operations in the U.S. through a combination of strong organic and M&A growth, with the firm now boasting claims solutions, insurance operations, consulting & technology capability spanning Property & Casualty, Life & Health, and Transportation insurance markets. Davies’ offering in the U.S. includes a full range of TPA and loss adjusting solutions across all 50 states, specialised insurance operations & technology consulting as well as captive management, auditing, actuarial, subrogation, excess claims management and risk & inspection solutions. Globally, Davies’ 6,500+ colleagues operate across ten countries, including the UK and the U.S. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, customer experience, human capital, digital transformation & change management. Over the past ten years Davies has grown its annual revenues more than 20-fold, investing heavily in research & development (R&D), innovation & automation, colleague development, and client service. Today the group serves more than 1,500 insurance, financial services, public sector, and other highly regulated clients. Dan Saulter, Group CEO, Davies commented: “I’m delighted to welcome Mark and the entire Afirm team to Davies. The business has an excellent track-record of delivering strong technological capabilities and is well-known in the market for its ability to innovate & evolve. “Many of our insurance & highly regulated clients are seeking to work with fewer strategic partners, and to build long-term relationships across a range of services to support their growth and delivery. Bringing Afirm’s premium audit & loss control teams together with our existing insurance operations in North America enables us to take an expanded specialist & tech-enabled audit and loss control offering to our 1,200+ insurance & highly regulated clients globally.” Mark de Waal, President of Afirm added: “I’m really pleased that Afirm is joining Davies. Over recent years, Davies has accelerated into the U.S. and continued to invest in technology and innovation for its clients. By combining our businesses, we have a stronger service proposition for insurance clients who are seeking to engage with fewer trusted partners that heavily invest in technology to deliver time sensitive and accurate premium audit, inspection & risk mitigation reports. The cultural fit with Davies was an important factor as we planned for our company’s future and joining Davies will present our employees with more career development opportunities and an exciting future as the company continues to grow.”

https://afirmsolutions.com/featured/davies-acquires-afirm-solutions/

More than eight million Filipinos are now covered by microinsurance through Cebuana Lhuillier. This accounts to 30 percent out of 26.6 million Filipinos covered by some form of microinsurance product, as shared by the Insurance Commission in the first quarter of 2017. Cebuana Lhuillier, the country’s premier microfinancial solutions provider, has also managed to settle more than 180 million pesos in claims, providing every day Filipinos with financial security and protection during times of natural calamities and personal tragedies. As an intermediary, the company has become a key contributor of the government in ensuring all Filipinos have access to microinsurance if and when they need one. In fact, no other distribution channel in the country has achieved Cebuana Lhuillier’s wide market reach when it comes to microinsurance. The company’s thrust to reach as many Filipinos as possible and educate them on the value of a microinsurance coverage is part of the 30-year old brand’s advocacy on financial inclusion. “Cebuana Lhuillier firmly supports the government’s thrust for wider microinsurance penetration in line with its war against poverty. We are proud to be of help to the Insurance Commission reach its goal of having 60 to 70% of the population covered by microinsurance by 2020,” Cebuana Lhuillier president and CEO Jean Henri Lhuillier said. From a small pawnshop catering to families and workers in Pasay, Manila, the 30-year old pawnshop brand has evolved into a full-scale microfinancial services company, offering services as diverse as pawning, remittance, microloans and microinsurance. “The allure of microinsurance is that it’s accessible to everyone. With low premiums, simplified requirements and faster pay-outs compared to traditional insurance plans, microinsurance allows Filipinos—particularly those in low-income and middle income segments—to have insurance coverage. We are honoured to be given the opportunity to serve the marginalized who are the most vulnerable to risks brought my calamities, illnesses or accidents,” Lhuillier adds. Cebuana Lhuillier offers a wide-range of microinsurance solutions —from individual life and non-life insurance to group insurance for micro and small enterprises — are all affordable, easily available and within reach. A top draw among individuals is the Alagang Cebuana Plus (ACP) Gold, a microinsurance product designed for individuals aged seven to 70 years old. For as low as 40 pesos for an insurance coverage valid for four months, plan holders are given access to the following benefits: life insurance, Accidental Death/Dismemberment & Disability (ADD&D), Fire Cash Assistance (FCA), and rider benefit for unprovoked murder and assault. Individuals attest to the value of this affordable investment, as the company has settled multiple claims in the past, peaking at most during the months of February to April where incidents of fire and conflagration is at its highest. Aside from the ACP Gold, Cebuana Lhuillier has also insured fire fighters, supported workers from MSMEs, the informal sector including transport associations, and even students and their families from indigenous communities from far-flung municipalities throughout the Philippines. Regardless on the profile of the clientele it serves, what is clear with Cebuana Lhuillier is its goal of further increasing the reach of its microinsurance business. It currently leads the call in disaster preparedness, in partnership with government agencies and NGOs, and advocates the importance of financial preparedness during times of calamities. With more bullish programs in the horizon for 2018, Cebuana Lhuillier is on track to increase its current base to up to 10 million Filipinos covered by microinsurance in the next two years. Cebuana Lhuillier’s microinsurance solutions are available in all of its 4,000 branches nationwide.

https://cebuanalhuillier.com/eight-million-filipinos-now-covered-cebuana-lhuillier-microinsurance/

For immediate release Contact: Lisa Strasser, 203 977-6006 John Larkins Named Head of General Liability at Hudson Insurance Group New York, NY – February 22, 2023 – Hudson Insurance Group (Hudson) today announced the appointment of John Larkins as senior vice president and head of general liability. This position encompasses the management of Hudson’s entire general liability portfolio, including binding authority, wholesale casualty, which is offered on a primary and excess basis, and related programs. “In just a few months, John has demonstrated his strong leadership and underwriting expertise, both of which have proven to be of great value to us, as well as our valued clients and distribution partners,” said Christopher Gallagher, president & chief executive officer of Hudson. Mr. Larkins joined Hudson in 2022, bringing more than two decades of experience in underwriting and claims across the insurance industry. He most recently served as vice president and chief underwriting officer of Berkley Aspire, and held various positions of increasing responsibility at Cincinnati Specialty Underwriters, Max Specialty/Alterra and James River Group. Mr. Larkins holds a Bachelor of Science from Virginia Polytechnic Institute and State University. He is based in Richmond, VA and reports to Mr. Gallagher. # # # About Hudson Insurance Group Hudson Insurance Group is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators. Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson underwrites specialty primary and excess insurance on both an admitted and non-admitted basis. Its companies are rated A (Excellent) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group Holdings, Inc., a leading global provider of reinsurance and specialty insurance. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited. For more information, visit hudsoninsgroup.com.

https://hudsoninsgroup.com/news/john-larkins-named-head-of-general-liability-at-hudson-insurance-group/

Global insurance brokerage Hub International is joining the cannabis craze with the launch of a new comprehensive cannabis insurance and risk services offering. The proprietary offering will be run within Hub’s Agribusiness & Farm Specialty Practice and will offer medical and recreational cannabis organizations - including producers, distributors and retailers - the chance to get comprehensive coverage to reduce their risks and liabilities. Despite pot still being illegal under US federal law, a total of 29 states, plus the District of Columbia, Guam and Puerto Rico, have all now legalized it for medicinal purposes, and eight states are allowing it for recreational use. In Canada, legalization of recreational cannabis looms on the horizon, which is spurring on fast development of the industry. “Cannabis is a thriving business, and there is a strong appetite to debunk common misconceptions of the industry, understand the risks and obtain proper and adequate insurance coverage,” commented Joshua Smart, practice Leader, HUB Agribusiness & Farm Specialty Practice. “At HUB, we’re offering a comprehensive insurance solution for businesses in the US and Canada. We have a deep knowledge of the cannabis industry to insure its unique risks, so that our clients can continue to grow and thrive.” HUB’s cannabis insurance and risk services will be managed by TJ Frost, US Cannabis Segment leader, and Phaedra Andrusiak, Canada Cannabis Segment leader. They will work with standard and surplus lines carriers to cover the cannabis industry across North America. “There’s a huge misunderstanding in the cannabis industry about insurance coverage, which leaves businesses underinsured or even uninsured,” said Frost. “Proof of insurance demonstrates operational maturity and is a key step in establishing ongoing financial and banking relationships, which clients need to keep growing their business.” Andrusiak added: “The cannabis industry continues to change at an unprecedented rate with the advancements in medical use and the legalization of recreational use, which is opening the door to a fast-growing marketplace, and booming risk factors and operational pressures. HUB is the trusted advisor that has truly taken the time to understand this industry and is committed to providing relevant support and solutions to our clients.”

https://www.insurancebusinessmag.com/us/news/cannabis/hub-international-enters-cannabis-insurance-market-108858.aspx

ANN ARBOR, MI, April 20, 2017 – Groundspeed Analytics (Groundspeed), the commercial insurance data automation firm accelerating financial performance through machine learning, is pleased to announce the appointment of Andrew Robinson as an independent director to the firm’s existing four-member Board of Directors. “I couldn’t be more pleased to be part of the innovative solutions Groundspeed is delivering,” said Robinson. “Brokers and insurance companies alike are deriving tremendous business insight and process efficiency from Groundspeed’s solutions. I look forward to working with Jeff Mason and the other Groundspeed board members as we continue to grow and develop the company.” Robinson currently serves as global chief operating officer for Crawford and Company (NYSE: CRD-A), the largest global claims services company, and as chairman of WeGoLook, an innovative mobile technology and crowdsourcing company recently acquired by Crawford and Company. Previously, Robinson was president of specialty lines and EVP of corporate development at The Hanover Insurance Group (NYSE: THG), and a board member for Chaucer, one of the largest Lloyd’s of London managing agents. “Andrew is a global insurance leader with deep domain expertise across the entire commercial insurance vertical,” said Jeff Mason, founder and CEO of Groundspeed. “His industry leadership experience adds valuable perspective to Groundspeed’s Board at a time of exciting change, and we appreciate his judgment and counsel in driving the company forward.” Groundspeed uses machine learning and artificial intelligence (AI) to automate insurance data for commercial insurance brokers, insurance companies and third-party administrators (TPAs). By transforming loss runs, exposure documents, and policy forms into actionable insights, Groundspeed helps insurance clients drive better financial outcomes. About Groundspeed Analytics, Inc. (Groundspeed) Groundspeed Analytics, Inc. (Groundspeed) accelerates commercial insurance performance with the power of machine learning and artificial intelligence. The Groundspeed platform automatically turns loss runs, exposure documents and policy files into actionable information, empowering users to identify profitable pools of risk and drive better financial outcomes. Groundspeed is privately funded and based in Ann Arbor, Michigan. To learn more about Groundspeed, please visit www.groundspeed.com.

https://groundspeed.com/groundspeed-appoints-andrew-robinson-to-board-of-directors/

Edelweiss Tokio Life Insurance is one of the leading financial services, focusing on identifying customers' financial requirements and offering suitable solutions. #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply ~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ Since human life may have to face unforeseen emergencies like- death, injury, temporary or permanent disability, it is prudent to have a Life Insurance plan for difficult times. Before buying a life insurance plan, one has to ensure that he chooses the right company, so one significant factor is checking the claim settlement ratio. Among the uncertainties of life, one may have to face some devastating circumstances. Keeping this in mind, the breadwinner has to provide financial security to the family. A life insurance policy is a perfect solution to deal with the family's unforeseen fear and financial needs. The beneficiaries can avail of all earnings of the policy after claim settlement. Claim Settlement Ratio is an essential aspect of any insurance company; it represents the company's reliability and risk management ability as to how the company has tackled issues that are not genuine. It represents the percentage of claims the insurance company has paid out to the policyholders. Claim Settlement Ratio is defined as the number of claims settled divided by the total number of claims filed in one financial year. The total claims received include both the number of claims reported and claims pending at the beginning of the year. Edelweiss Tokio Life Insurance Claim Settlement Ratio shows a prompt service in regards to genuine claim settlement with a hassle-free, fair and transparent process. This ratio is the reflection of the reliability and consistency of the company. It brings forth the number of claims settled on some claims received over some time. The Insurance Regulatory & Development Authority of India (IRDAI) analyses the claim settlement ratio of all insurance companies in India and publishes a report. The Edelweiss Tokio Life Insurance Claim Settlement Ratio is 97.0% While choosing the Life Insurance company, one must check the CSR ratio if it is higher. The higher the CSR ratio reflects, the higher number of claims settled. Edelweiss Tokio CSR is calculated in this way: Claim Settlement Ratio= (Total claims settled/ Total claims received) x 100 A claim settlement ratio lets people know the percentage of claims a company has paid in one financial year. Generally, it is measured not only for Life insurance plans but also other products such as Annuity products, medical insurance, child insurance products and term insurance plans. Thus it sometimes becomes difficult to judge the consistency of the services in the company. It is also recommended that while selecting an insurance company, you analyse the CSR percentage and the average time the company takes to settle the claims and the number of pending and rejected claims.

https://www.policybazaar.com/life-insurance/articles/edelweiss-tokio-claim-settlement-ratio/

Chubb has rolled out insurance cover designed to bridge gaps in traditional terrorism business interruption policies. Lemonade plans to debut pet insurance designed for cats and dogs. Chubb launched an insurance coverage aimed at bridging gaps in traditional terrorism business interruption policies. The insurer’s Non Damage Terrorism Solutions is a single policy offering non-damage business interruption, plus employee and customer care assistance as a result of a terrorism loss. In addition, this policy also provides event cancellation coverage following an act or threat of terrorism, and this aspect includes an extension for war. Conventional terrorism policies typically provide cover for physical damage only and resultant business interruption. Chubb said its Non Damage Terrorism Solutions has been developed in response to client feedback and is designed to meet the needs of businesses that find their ability to trade impacted as a result of a terrorist incident, even though there is no physical damage. For example, if the immediate area around their premises is made inaccessible for security reasons. Chubb’s Non Damage Terrorism Solutions is available to businesses of all sizes and in most locations around the world. The policy is particularly aimed at retailers, hotels, financial institutions, the entertainment and events sector, transport and infrastructure. According to Piers Gregory, head of Terrorism and Political Violence, Chubb, the product not only covers the insured’s property but also the surrounding area that might prevent employee or customer access. InsurTech startup Lemonade plans to debut pet insurance later this year. Early registration is now open, and Lemonade’s pet insurance is expected to launch within a few months, pending regulatory approval. Lemonade said the new insurance product, designed exclusively for cats and dogs, will be based on the same principles as the company’s homeowners and renters products: a hassle-free digital experience with lightning-fast claim payments, best-in-class customer service and a donation of leftover premium to charitable causes chosen by customers. Shai Wininger, Lemonade’s COO and co-founder, said the new coverage is designed to be affordable and accessible. He added that many at the company, including himself, “are devoted pet parents.” Sources: Chubb and Lemonade

https://www.carriermanagement.com/news/2020/02/04/202887.htm

Aon Broker Phil Hoffmann Recognized as a 2021 At Large Power Broker Phil Hoffmann, Managing Director, Aon “He just wants to help see others succeed in the insurance industry.” That’s how Phil Hoffmann was summed up by his client Christy Kaufman, head of development and compliance at American Family Ventures. Hoffmann works on many fronts: Primarily as a broker but also on the board of the University of Wisconsin’s risk and insurance management department. In his capacity at the university, he is heavily involved in mentoring students, connecting them with subject experts, and helping them network and find job opportunities. Hoffmann notably helped his client ManpowerGroup to redesign its risk financing program in the face of historic rates, carrying out an actuarial review of losses and resetting retention levels, leveraging U.S. and Lloyd’s of London capacity. Kris Allenson, VP, enterprise risk, said: “I was relatively new to risk management, but Phil put me at ease right away. He brought the experts to the table and helped us get across the line.” Joan Schmit, a professor at the University of Wisconsin, who has known Hoffmann for 30 years, said: “No matter what question I ask him, he will always find the answer, even if he doesn’t know immediately. He’s also willing to help our students in any way he can, regardless of whether that means having to refer them to a competitor if he feels they can give a more useful insight … Phil really cares about people. He has helped so many students find work when they graduate — he just wants the best for them.” What is a Power Broker? A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge. Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community. Who selects the winners? Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.

https://riskandinsurance.com/award-profile/aon-broker-phil-hoffmann-recognized-as-a-2021-at-large-power-broker/

Ansvar Insurance Announces the Use of Drones in Risk Assessment Ansvar Insurance, one of Australia’s leading specialist insurers, announced the addition of drones to their risk assessment toolkit. Ansvar has made a significant investment to certify four risk advisors to offer nationwide coverage of this new level of service. Ansvar is the first insurer to obtain its Operators Certificate from the Civil Aviation Safety Authority (CASA). The use of drones in risk mitigation and assessment is the latest example of Ansvar’s progressive adoption of technology. By embracing innovation, Ansvar is in a unique position to remain the market leader in its specialty sectors, providing Ansvar’s team of risk advisors the most comprehensive tools available for risk assessment on the market today. Drone technology will allow Ansvar’s risk advisors to survey properties and access areas that were previously inaccessible in a safe and cost effective way. “Investing in the use of drones is a natural consequence of being a risk-led organisation that embraces the latest technology. Drones, along with other technological innovations such as thermographics, allows Ansvar to provide the most robust and comprehensive risk mitigation and assessment programs for our clients,” said Warren Hutcheon Ansvar CEO. “CASA certification and the development of an operating model that considers safety and privacy concerns has been a 12-month process, and we are very excited to be able to offer this service to our clients.” said Warren.

https://www.ansvar.com.au/2016/07/28/ansvar-insurance-announces-the-use-of-drones-in-risk-assessment/

Since 2011, we are providing the insurance solution for our client’s and we are very successfull about the area. Now that pease has dawn in Sri Lanka a lot of enthusiasm has generated among all of those who are responsible for arrangment of business activites within the country. Local investors as well as foreign investors have shown their eageness to engage in commercial as well as industrial activites increasing the volume of insurance requirements within insurance market. Since our chairman and directors who mooted the idea of forming a Brokering Company are having engaged in micro finance and micro insurance activities within community based peoples organizations spread throughout the country especially Ratnapura & Kurunegala which are birth places of members of our directorate, they will be able to tap insurance business hitherto untapped by insurers. We have given serious thought into the aspect as to why the message of insurance within the country justifies the idea. Therefore in our own way along with insurers we wanted to subscribe to rake business from all untapped areas and places. This can be achieved because there are insurance professionals and experts with us to guide and canvas business. "Trust Insurance Brokers made me easier in getting into the right insurance option for covering all the risk for our vehicles & buildings. Highly recommending service provider for all kind of insurance matters as specially 24/7 quick response mobile service."Mr. Udaya Jayakody "Trust Insurance Brokers is a good advisor in terms of insurance. Best price finder and best facilities by getting the right insurer. Highly recomended and wish them for future."Mr. Janith Wickramage

https://www.winwinlk.net/trust-insurance

A workplace accident can happen at any time. Even workers who ensure that they follow all safety recommendations can find themselves suffering from workplace injuries. Police and other officials in California are still working to determine what caused a fatal workplace accident in California involving a machine used in the harvest of pistachios. Police say they received a call regarding the accident at approximately 10 a.m. one morning on a day in early September. A man working nearby claims he heard a loud noise, followed soon after by workers who closed the road and claimed there was a bad accident. Reports indicate that a 21-year-old man was driving a pistachio hopper on the road when it hit a pole, then a pistachio tree. Although rescuers requested a medical helicopter, reports indicate that the man was deceased when responders first arrived. An investigation is underway to determine what caused the accident. In addition to the investigation conducted by the sheriff’s office, the California Division of the Occupational Safety and Health Administration has been contacted and will likely also investigate the fatal accident. Unfortunately, an accident that results in workplace injuries can have serious ramifications. Those injured could face significant medical bills and lost wages. Because of the financial implications of such injuries, California employers are required to provide workers’ compensation insurance coverage to their employees. In the case of the fatality, such as this incident, benefits typically extend to certain family members. A professional with experience with the claims process can help those entitled to such benefits seek the compensation they deserve. Source: yourcentralvalley.com, “Farmworker crashes into power pole, found dead”, Sept. 15, 2016

https://www.dixondaleylaw.com/blog/2016/09/man-suffers-fatal-workplace-injuries-in-california-accident/

Galileo Platforms, a Hong Kong-based insurtech, says it has just completed a proof-of-concept project with Sun Life Insurance in one of its Southeast Asian markets for the startup’s blockchain-based sales platform. Galileo first revealed to DigFin a year ago that it was lining up an insurer and an insurance broker for selling life insurance over a distributed ledger. The pilot has shown how product sales can differ when done via blockchain tech, says Mark Wales, Galileo co-founder. The company built an entire product set for distributors to sell, including a simulation of the back-end processing, the distributor’s business environment and new business processing. Currently the Galileo platform is still under development but is expected to go live at the end of this year. “We are in discussion with two life insurance companies about having their products going live in our platform at the end of this year,” said Wales. The pipeline includes another two Southeast Asia-based insurers about incidental structured products (e.g., riders and other add-ons). “One is a global brand, another is a local insurer,” he said. For now these carriers are using blockchain as an add-on to their traditional infrastructure. Insurers still have policies, administrative processes and counterparty relationships that make it hard for them to completely overhaul distribution practices. Over time, however, he says DLT’s ability to foster real-time transactions and serve as a single source of truth about terms will make it become the new standard. “In the long term, we believe it will replace current distribution channels.” Galileo is a blockchain platform connecting insurers, reinsurers and distributors (such as banks or insurance brokers). With the technology able to lower the cost of processing transactions, Wales says it could help insurance companies cater to mobile-savvy millennials, or emerging-market middle classes currently underserved by traditional insurers.

https://www.digfingroup.com/insurtech-blockchain-2/

Senior Vice President, Healthcare Liz Stelly joined the CAC Specialty team in November of 2023 as a Senior Vice President for the Healthcare Practice. With substantial experience in alternative risk finance across various domestic and international settings, Liz previously served as a Vice President and Senior Account Executive at Lockton. In that role, she managed the design, placement, and day-to-day servicing of property/casualty insurance programs for healthcare entities such as academic medical systems, physician groups, behavioral health entities, and integrated hospital systems. Her expertise lies in the creation and oversight of alternative risk financing structures. Early in her career, Liz worked as an auditor, concentrating on healthcare systems, insurance, and captive insurance companies. Later, she spent nine years in Grand Cayman overseeing alternative risk financing vehicles, including captive insurance companies and special purpose vehicles for insurance-linked securities. During this period, her clientele primarily comprised integrated healthcare systems, physician groups, and multinational reinsurance companies. More recently, Liz has dedicated her focus to designing, implementing, and operating alternative risk finance vehicles as integral components of comprehensive risk transfer solutions for clients. Liz is a graduate of the College of William and Mary, holding a Bachelor of Business Administration in Accounting. Additionally, she is licensed as a General Lines Agent for Property and Casualty in Texas.

https://cacspecialty.com/directory/liz-stelly/

The Beacon Mutual Insurance Company is pleased to announce that Christopher McNally has returned to Beacon as the new Director of Underwriting and Premium Audit. McNally is an accomplished insurance professional with over 20 years of experience in the financial services and insurance industry. He previously was a Senior Underwriter at Beacon Mutual for 12 years and most recently was a Senior Underwriting Specialist at PMA Companies. His knowledge and expertise in the workers' compensation insurance field has prepared him for this opportunity to take on this leadership role with the Underwriting team at Beacon. "I am looking forward to working with the underwriting team and our agent partners in this new role," said McNally. "Our team will remain committed to providing our customers with the best possible workers' compensation coverage and service." McNally is a skilled underwriter who has a proven track record of building positive relationships with agents while managing a book of business effectively and maintaining profitability. In addition, his leadership abilities and deep knowledge of workers' compensation insurance make him an invaluable addition to the team. He has a strong ability to align the insurance product with the needs and expectations of the customer, which has allowed him to build and maintain strong relationships with his clients and with agent partners. Billy Gross, Vice President of Underwriting at Beacon Mutual, is pleased to welcome Chris back to the Beacon family. "Christopher's underwriting acumen and ability to build strong relationships with agents make him an ideal fit for this role. We are thrilled to have him back on our team and look forward to the great contributions he will make. We are confident that he will be a great asset to our organization." "We are excited about the future of our organization with Chris leading our underwriting team, " added Brian J. Spero, President & CEO at Beacon Mutual. "We believe that his expertise and leadership will help us continue to protect local businesses and their employees with the workers' compensation coverage they deserve."

https://blog.beaconmutual.com/chris-mcnally-director-of-underwriting

We Changed our Company Name. Same great company, people and services you’ve come to know from Fire Services of Idaho. We Changed our Company Name In the beginning of 2023, Fire Services of Idaho (FSI) officially rebranded as State Fire Idaho, making us cohesive with the State Fire brand, which we have been a part of since 2015. While our company name is different, everything else stays the same—our owners, management, and commitment to customers. You can still expect the same high-quality fire services and dedication to safety that we’ve offered for 40+ years. Areas We Serve Our complete life and fire security solutions are available to anyone throughout Idaho and Wyoming. For national account members, we only service designated areas within these states. See which of our fire protection facilities is nearest you! Industries We Protect As a long-standing leader in the fire protection industry, our full-service fire suppression systems and services help companies in all sectors. Whether your business is a medical facility or a commercial warehouse, State Fire Idaho has the skills to keep your employees and property safe. Agriculture • Automotive • Aviation • Busing/Public Transportation • Commercial • Construction • Gas & Oil • Government Buildings • Hotels/Resorts • Hospitals/Medical Facilities • Indian Reservations • Industrial • Marine • Military Bases • Mining Surface and Underground • Property Management • Recreation Facilities • Religious Institutions • Residential • Restaurants/Hospitality • Retail Centers • School Districts/University Campuses Why Customers Love State Fire Idaho I really enjoy the friendly staff that you have at Fire Services of Idaho… now State Fire Idaho. Whenever I have issues at the plant with fire systems, your staff is always going over the top to make sure that we taken care of. State Fire Idaho has a lot experience and knowledge in all of your different departments. I appreciate State Fire Idaho for everything they do for my company and the surrounding communities. State Fire has been the go-to Fire Suppression contractor for CaptiveAire in the Treasure Valley for a long time. This is due to their expertise in the field, accommodating work scheduling, and professionalism of their whole team, from installer to scheduler. Careers at State Fire Idaho Looking to advance your career in fire prevention and protection? Join our experienced team today! Contact Your Fire Protection Specialists Want fire sprinkler repairs or custom fire suppression services for your business? Speak with the fire protection team at State Fire Idaho now!

https://www.statefireidaho.com/

ACKO General Insurance and PhonePe have joined forces to revolutionize the landscape of insurance accessibility in India. This strategic collaboration aims to provide users with a comprehensive range of car and bike insurance products directly through the PhonePe platform. Beyond just convenience, the partnership reflects the shared commitment of both companies to democratize insurance, making it a readily available financial option for millions of PhonePe users. The Power of Collaboration The collaboration between ACKO and PhonePe is a strategic alliance that leverages the strengths of both entities. ACKO, known for its customer-centric approach, combines forces with PhonePe’s extensive distribution network. This synergy ensures that insurance becomes seamlessly integrated into the daily lives of PhonePe users, marking a significant milestone in the journey to democratize insurance in India. While the initial focus lies on car and bike insurance, the partnership is poised for expansion. ACKO is set to broaden its product range to include health insurance and various other lines in the coming years. This expansion underscores the commitment to cater to diverse insurance needs, ensuring that users can find tailored solutions that align with their evolving requirements. Innovative Integration through API Stack The integration of ACKO with PhonePe is made possible through a cutting-edge partnership API stack. Crafted for modularity and smooth integration, this API stack facilitates quick and efficient collaborations with online distributors. PhonePe is the first in line to benefit from this technology, ensuring that ACKO’s personalized pricing, innovative SKUs, and consistent user experience are seamlessly delivered to all partners. Users of PhonePe can anticipate a range of benefits from this collaboration. Beyond competitive prices, they can expect industry-leading claims and service experiences. The emphasis on delivering intuitive, affordable, and reliable insurance coverage underlines the shared commitment of both ACKO and PhonePe to provide top-notch services to millions of customers throughout India. Important Questions Related to Exams Q. How do ACKO General Insurance and PhonePe plan to revolutionize insurance accessibility in India? Answer: The strategic collaboration aims to offer a comprehensive range of car and bike insurance products directly through the PhonePe platform. Q. Who is the CEO of ACKO General Insurance? Answer: Sanjeev Srinivasan. Q: Who is the CEO of PhonePe Insurance? Answer: Vishal Gupta.

https://currentaffairs.adda247.com/acko-and-phonepe-collaborate-to-make-insurance-accessible-to-millions/

CYBERATTAQUE CONTRE L'OPERATEUR DE TIERS PAYANT VIAMEDIS REACTIVATION DU TIERS PAYANT : En date du 12/02/2024 à 14h00, VIAMEDIS a réactivé les services de tiers payant. F.A.Q CYBERATTAQUE VIAMEDIS : Pour plus d'informations et réponses à vos questions cliquez ici. International insurance for companies The Roederer Group and its experts support you worldwide, both in France and abroad, and offer you the best international insurance solution tailored to your professional projects. Roederer, international insurance broker: the ideal partner to accompany you in France and abroad! Roederer is a family-owned company, founded in Strasbourg in 1893, and specializes in business insurance brokerage and risk management. Thanks to our expertise in the field of business risk and our in-depth knowledge of the insurance market, we recommend comprehensive insurance policies tailored to your needs. To meet your requirements and offer you personalized support for your international projects, we mobilize all our human and technical skills. We can therefore provide you with advice and tailor-made solutions to protect your company, your employees and your managers in the long term, both in France and abroad. International insurance: our expertise Supporting French companies abroad When developing your business outside national borders, it is imperative to cover your risks in the countries where you operate. To achieve this, our experts will assist you in several ways: - Compliance with the local legislation of each entity: in some countries, it is compulsory for companies to be covered by a local insurance contract with an authorized national insurer. - The implementation of territorial uniformity of insurance coverage so that each entity benefits equally from the same insurance provisions. This must be accompanied by an analysis of the specific needs of foreign subsidiaries, particularly regarding the law, contractual policy and commercial context applicable to each country. - Centralization of insurance management to ensure simplified control. - Limiting the cost of insurance policies, which are multiplied according to the country, by keeping only those that are essential for optimal protection. This lets you optimize the overall cost of the insurance by pooling the risks. Our objective, as an international broker, is to be at your side to respond to these specificities by providing you with advice and genuine support tailored to managing your risks throughout the world. Expertise, compliance, management and cost control are the keywords that guide our approach. We identify your needs to determine insurance strategies and assist you in setting up appropriate international insurance cover. Whether it is a question of insuring your employees or securing your locations, the Roederer Group's experts can guide you and provide you with solutions throughout the world to ensure the financial sustainability of your group. Supporting foreign companies in France Employer's gross negligence, compulsory mutual insurance, international civil liability and/or decennial liability, non-consecutive immaterial damage or natural disaster cover are all specific features of French legislation that require the implementation of a local insurance contract in France. We are with you every step of the way to provide you with the best possible protection in the event of a claim. From very small companies to large corporations, we can identify the needs of your subsidiaries in France and, through local policies, deploy international insurance programmes negotiated by the parent companies. If necessary, we can supplement them with national coverage in accordance with French legislation. As a true relay for the parent company in France, we monitor your risks by sending regular and detailed reports to the parent company or its brokers. International networks of insurance brokers When we develop our offers, we are accompanied by independent and recognized networks of brokers to which we belong. Whatever country your subsidiary wants to conquer, we will bring you the best solutions with the help of our partners. To this end, we are members of these two networks: Our areas of intervention: - Building (designers, builders, contracting authorities, etc.) - Property management (via our subsidiary Draber-Neff Immobilier) - Rope access technicians and interior designers - Carriers and logisticians - Distribution chains - Digital economy - Renewable energy - Financial and accounting - Vehicle rental companies - Manufacturing and Trading Would you like to receive our offer documentation by email? Do you want to expand your business abroad? Do you want to set up tailor-made international insurance solutions to protect your subsidiaries around the world?

https://www.roederer.fr/en/international-insurance-companies

ATLANTA – LexisNexis® Risk Solutions has been recognized as an industry leader by Aite Group, an independent research and advisory firm. The company was acknowledged for its innovative use of data in four categories: “Smartphone-Only Insurance Telematics Leader,” “Device-Agnostic Insurance Telematics Platform Leader,” “Insurance Telematics Data Exchange Leader” and “Insurance Telematics Predictive Scoring Leader.” LexisNexis Risk Solutions was recognized for its complete telematics platform that supports a wide range of third-party devices in addition to displaying strong capabilities with their smartphone-only application. The company was also recognized for its early concept of a clearinghouse and proven ability to normalize data across a wide range of telematics devices and offer scores to assist in the predicting of claims. “As auto insurers continue down the long path towards making telematics mainstream, it is the leading data-driven telematics solutions providers like LexisNexis that will help them to efficiently adapt to the evolving technology with data normalization and succeed in the competitive marketplace,” said Gwenn Bezard, co-founder of and research director, Aite Group. The report, “Auto Insurance Telematics: A Vendor Overview,” is based on interviews and discussions continued with more than 80 executives at insurers and telematics technology vendors that are selling into North America, Europe, the Middle East, and Africa. Data from LexisNexis’ 2016 usage-based insurance study was also featured in the report highlighting the increased awareness (43 percent) and adoption (6 percent) of usage-based insurance within the U.S. “As the telematics industry continues to evolve, we are proud to be recognized as a leader for our comprehensive telematics data and innovative solutions,” said David Lukens, Director of Telematics, LexisNexis Risk Solutions. “And as auto insurers are continually faced with evolving technology and new data sources, we are confident in our ability to provide them with the most efficient and accurate data normalization solutions to help them deliver the most accurate and efficient usage-based insurance products to their customers.” To access the full report, visit: AiteGroup.com. About LexisNexis Risk Solutions LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.

https://risk.lexisnexis.com/global/en/about-us/press-room/press-release/2017-03-16-auto-insurance-telematics

Ant Insurance Launches China’s First Digital Operation Platform for Insurance Companiesby Fintech News Hong Kong September 7, 2022 Ant Group‘s online insurance agency platform Ant Insurance has launched digital operation platform Xingyun (translated as nebula) for insurance companies in China. According to Ant Insurance, the Xingyun platform is the first of its kind in the country. Powered by Ant Group’s technologies, the Xingyun platform can help insurers improve operational efficiency and customer experience through smart digital operation covering the whole business process including sales, operations and customer service. The company says that Xingyun can identify 107 types of verification documents, such as receipts from hospitals, for insurance claim settlements with an identification accuracy rate of above 95%. It also added that 90% of medical insurance claimers will be able to get their proof documents approved the first time they upload them into system and receive their reimbursement within two days of submission. Insurance companies can also launch their digital storefronts on the Ant Insurance platform through Xingyun to offer services such as user education content and product sales to consumers directly. Currently, over 60 insurance companies have adopted the Xingyun platform, including China Pacific Insurance Group, Taiping Life Insurance and ZhongAn Online P&C Insurance. “The Ant Insurance platform is committed to supporting the digital operation of insurance partners and will continue to open up more technological capabilities and provide more digital solutions to meet the evolving needs of insurers in their digital transformation journey,” said Fang Wang, General Manager of Ant Insurance.

https://fintechnews.hk/19100/fintechchina/ant-insurance-launches-chinas-first-digital-operation-platform-for-insurance-companies/

JD Powers, President of POWERS Insurance & Risk Management, was recently recognized by Insurance Business America in the magazine’s fifth-annual “Top Producers” article. Insurance Business Magazine is considered the country’s leading business magazine for today’s sophisticated commercial Insurance Broker and this year’s full annual top producers edition singled out 65 insurance brokers across the country who met the criteria: To qualify as a Top Producer, applicants must have achieved at least $750,000 in commission revenue in 2018, with at least 50% commercial P&C business and demonstrated YOY growth over 2017. To earn the recognition, JD Powers and all of the chosen producers were required to provide specific financial details about their business to be eligible. While the majority of this year’s Top Producers are veterans with more than 10 years of experience, the 2019 group also contains several rookies who have proved that impressive results can be achieved within a few short years. The article quotes: “Over the course of my 10-year career, I attribute most of my success to developing our proprietary risk management approach to challenge the status quo and proactively safeguard our clients, their employees and families,” he says. “In 2018, most of our success was due to staying focused on growing our specialty niches, which include hospitality, manufacturing, educational institutions, construction/heavy equipment, habitational and personal risk management for successful families.” The article properly identifies JD’s plan this year to continue to grow all of his practices regionally, and to focus on vertically growing construction and heavy equipment unit. Shortly after this article went to print, POWERS Insurance announced the launch of it’s new Emerging Risks Division. The new division will also be a primary focus for JD Powers this year as the agency seeks to fill the need for risk management strategies to be implemented for rapidly evolving industries. The new division will focus on 5 core industries: Cannabis, Cyber, Private Client, Renewable Energy, and Technology. Currently, both Sullivan and Powers are scheduling consultations (either via phone or in person) with business owners seeking to enter the cannabis industry in Missouri. In early March, the agency helped sponsor the first cannabis-focused convention in Missouri, which was hosted by the MoCann Trade Association. The following week, JD Powers traveled to Denver to attend the national Cannabis Cover Masterclass, a 1-day event centered around insurance coverage for the cannabis industry. Chris Sullivan spent time in Colorado as well, meeting with owners and leaders in the cannabis industry. POWERS Insurance’s Emerging Risks Division hosted a Cyber Liability Summit in early April, in conjunction with Commerce Bank. The free summit was taught by cyber liability expert Adam Conner with RPS and was a huge success.

https://www.powersinsurance.com/jd-powers-recognized-as-top-producer/

Wednesday, 05 December, 2018 Eucon Digital GmbH was honored with the 2018 DIGITAL LIGHTHOUSE Insurance Award. As part of the conference ‘The Digital Insurance' hosted by the newspaper Süddeutsche Zeitung, pioneering projects in the insurance sector were recognized in partnership with Google. Eucon received the award for its 'Claims Prediction' project, which uses artificial intelligence to significantly improve quality, efficiency and customer experience in claims management. (f.l.) Sven Krüger, CEO of Eucon Group and Michael Rodenberg, Managing Director of Eucon Digital GmbH accepted the DIGITAL LIGHTHOUSE Insurance Award. Claims Prediction is an AI-based prediction model in claims management. It is designed to make claims processing faster and more convenient for clients and more economical for insurers. “A claim is the moment of truth for every insurer,” says Michael Rodenberg, Managing Director of Eucon Digital GmbH. “Smarter service makes the difference for the customer. Through the intelligent use of advanced technologies, we help insurers to automatically handle the largest possible claims volume in black box processing and to significantly improve the customer experience”. Processing times reduced by up to 80% Claims Prediction is used to control claims in a more targeted manner and avoid unnecessary process steps. The model springs into action when customers submit cost estimates for repairs or invoices following a claim. By using AI, Claims Prediction provides the option to decide whether a document needs to be manually reviewed by experts or can be automatically released and settled. This leads to significant time and cost advantages. “We were able to train the model in such a way that currently up to 20% of incoming documents can be correctly identified and processed in the black box,” says Mr. Rodenberg. “By using Claims Prediction, we are able to reduce processing times by up to 80%.” Policyholders receive feedback on the settlement of the claim submitted in the shortest possible time. Insurers work more cost-efficiently and can deploy their specialists in a more targeted manner. On the path to real-time claims processing Claims Prediction is part of the integrated Smart Claims product concept. The concept uses various modules in each step of the claims process to help optimize the quality and efficiency of claims processing in the long run. “Our vision is to use intelligent processes to achieve real-time claims processing and customer centric processes,” says Rodenberg. Eucon has been supporting insurance companies in reviewing submitted claims for years. The large number of historical and current check results forms the basis for the further development of AI components in Smart Claims and Claims Prediction. They are important building blocks for an optimized and sustainable customer experience in an insured event. The award was presented on 4 December 2018 on the occasion of the SZ Digital Insurance Conference in Cologne. A jury consisting of industry insiders, journalists and experts viewed a total of 28 innovative cases from the insurance industry. The coveted Lighthouse Insurance awards and the “Vordenker” (thought leader) award were presented among the eleven nominated projects. Written by Eucon Group

https://www.eucon.com/en/Press/Eucon-wins-2018-Lighthouse-Insurance-Award/

"As always, we remain committed to working with those insurers who are not current signatories to help raise standards across the whole industry." - Neil McCarthy, PDG Chair Releasing a new badge for signatories who achieve charter status, The Protection Distribution Group (PDG) has announced the following fourteen insurers who have been named in this year’s Claims Charter: AIG, British Friendly, Guardian, Holloway Friendly, HSBC Life, Legal & General, LV=, MetLife, Royal London, Scottish Widows, Shepherds Friendly, The Exeter, Vitality, and Zurich. This Charter was introduced in 2018 to boost outcomes for claimants by improving basic levels of Best Practice undertaken by insurers. The charter sets out a number of criteria that must met before an insurer can become a signatory which is reviewed annually. This year, the charter has included extra questions on service standards for assessing claims forms and reviewing medical evidence. Since it’s vital that claims are assessed in a timely manner, the PDG has already confirmed that ‘claim assessment times’ will be a new measure in 2024. This has also, in part, been fuelled by the PDG’s disappointment with the overall time taken by insurers to assess claims forms and evidence gathered as part of the claims process. It noted that these delays can cause financial problems for claimants as well as additional worry and distress. These concerns have been raised both internally and externally to the PDG by advisers who had experienced “significant delays by insurers at claim stage,” which the group felt couldn’t be ignored. The next Charter review will take place in January 2024, earlier than originally planned as the group feels these new measurers need to be implemented as soon as possible but with enough time for insurers to create change. The exact criteria will be based on service developments for the remainder of this year as the PDG continues to campaign for significant improvements in claims service levels. Commenting on these signatories and criteria changes, Neil McCarthy, PDG Chair, has said: “We continue to see challenges to service levels in the area of claims, which makes the work that the PDG are doing in this area all the more important for securing the best possible customer outcomes. This year we have seen a significant drop in service, particularly regarding assessing claims forms and the time taken to assess medical evidence.” McCarthy continued: “Whilst we acknowledge these challenges, we feel it is very important that the charter continues to serve as a driver for positive change in the market which is why we will be raising the bar in 2024. We applaud the fantastic work insurers do in paying claims and providing additional help to claimants in the form of added value services and hope this future change to the Charter will serve as inspiration to insurers to also ensure the time it takes to assess claims is much improved.”

https://protectionreporter.co.uk/pdg-announces-signatories-to-the-claims-charter-for-2023.html

In 2022, insurance firms are also innovated and adapted. During the year, brokerages, underwriters and other insurance companies launched many new offerings, including in the intermediated space. Here are some of the innovations covered by Insurance Business during the past year: Vero realignes broker propositions “We have realigned our broker value proposition offering that enables easy access to decision makers across our underwriting, distribution and claims teams as well as valuable resources such as clear risk appetite guides,” said Anthony Pagano (pictured above), Vero’s head of distribution for commercial insurance. Pagano said his firm, Suncorp’s primary intermediated insurance brand, had worked closely with brokers throughout the year. “As a result of their feedback, we adopted the ‘You asked, we listened’ initiative and launched our new VeroEdge, a straight-through quote and bind platform for SME packages and commercial motors, making it quicker and easier for brokers to place business. and recommend Vero to their clients,” he said. In 2023, Vero will continue its NIBA YP Broker of the Year program which, Pagano said, is “a prestigious and highly regarded education academy” that has highlighted industry excellence for more than three decades. “We will also deliver our Vero Learning Campus, Insightful Broker Series, SME Insurance Index, Future Ready You and Engage programs in 2023, which are all designed to upskill and elevate our brokers talent and capability in the ever-evolving insurance industry,” he said. said. Descartes’ parametric frost insurance In June, Descartes Underwriting launched a parametric frost insurance product for local brokers and clients that it was first developed for French vineyards. “Parametric frost insurance for French vineyards was the first product Descartes offered after the founders identified a market niche,” said Sydney based Ben Qin, head of North Asia and Australia for Descartes. Read more: Parametric frost insurance product launches

https://legal4me.co.uk/tag/skippers-insurance

Authorized representative (s) Rudolf Schoch, managing director Commercial register entry Registered company name: Cintex AG Commercial register number: CHE-106.376.415 VAT number CHE-106.376.415 Disclaimer of liability Of the The author assumes no liability with regard to the content Correctness, accuracy, timeliness, reliability and Completeness of the information. Liability claims against the Author due to material or immaterial damage resulting from the Access or use or not use the published Information, through misuse of the connection or through technical Disruptions that have arisen are excluded. All Offers are not binding. The author expressly reserves the right to change parts of the Pages or the entire offer without prior notice change, add to, delete or the publication temporarily or to discontinue it permanently. Disclaimer for links References and links to third party websites are outside ours Area of responsibility. There will be all responsibility for such Websites rejected. Access to and use of such websites are at the user's own risk. The Copyright and all other rights to content, images, photos or other files on this website belong exclusively to Cintex AG or the specifically named rights holders. For reproduction of any elements is the written consent of the To obtain the copyright holder in advance.

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Súper is an MGA selling consumer insurance products in Mexico, including life, home contents and parametric earthquake cover. Matthew Grant and Henry Gale are joined by Dario Luna, Executive Chairman and Co-founder of Súper, to discuss parametric insurance, digital distribution and insurance trends in Latin America. Talking points include: - How Mexico City is exposed to earthquake risk - Why demand for earthquake insurance spikes in September - Acknowledging how policyholders perceive risk - Issues of underinsurance and how to distribute consumer insurance products in Mexico - How parametric triggers can bring insurance to underserved communities - How Súper is working with Munich Re and Swiss Re If you like what you are hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development – Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to an InsTech podcast, or reading the accompanying transcript, you can claim up to 0.5 CPD hours towards the CII member CPD scheme. The Learning Objectives for this podcast are: - Identify key insurance trends and perceived risks within the Latin American market - Describe how disadvantaged countries such as Mexico gain from parametric insurance - Define what underinsurance is and evaluate the issues it presents to underserved communities Let us know you have listened to this podcast by emailing [email protected] and if your organisation is a member of InsTech you will receive a quarterly summary of the CPD hours you have earned. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

https://www.instech.co/knowledge-centre/dario-luna-executive-chairman-and-co-founder-super-seasonal-earthquakes-and-personal-parametric-protection/

Premier addresses market on the role of (re)insurance The New Zealand prime minister has publicly thanked Lloyd’s for helping Christchurch get back on its feet after the earthquake of 2011. Speaking on the underwriting floor of the Lloyd’s building last Friday, prime minister John Key outlined the huge impact the earthquakes have had on the city, and the key role (re)insurers had to play in the city’s recovery, stating: “So Christchurch in New Zealand has a lot to thank the city of London and Lloyd’s for.” “The Christchurch earthquakes were huge in the context of New Zealand. We’re about a $225bn economy; they were broadly a $40bn event. “The government’s contribution in the end has been in the order of about $16.5bn, but the rest of the loss there was covered by the insurers and reinsurers and that’s allowed us to make tremendous progress in Christchurch.” With the insurers and reinsurers taking the brunt of the losses for Christchurch, Key was keen to commend the industry for returning to the city and offering competitive rates. “Despite the size of the losses, which the insurers obviously suffered in Christchurch, has been the fact that they’ve come back to the party, they’ve been very active in their re-engagement in Christchurch, and active at rates that are very competitive.” Key stated that the city was making great progress in rebuilding due to the contributions made by insurers and reinsurers. “The city is now actively going through the rebuilding phase. We demolished the better part of around about 1400 buildings.” Key also said that his government bought an estimated 9000 homes so that they could deal directly with the insurers on the behalf of the members of the community. He also believes the redevelopment will have a lasting positive effect on the city. “The city I believe in the end will be the most liveable city in New Zealand. Without the insurance capability, I’m sure that wouldn’t have been the case.”

https://www.globalreinsurance.com/new-zealand-pm-thanks-lloyds-for-christchurch-support-/1416159.article

Fifth Third Bank Fires Lance Ching Following Falsification Allegations Lance Ching (CRD #:7184830), a formerly registered broker, was recently fired by Fifth Third Bank (the parent company of Fifth Third Securities) according to his BrokerCheck record, accessed on March 1, 2022. On November 19, 2021, Fifth Third Bank fired Lance Ching after he allegedly falsified a bank document. According to the allegations. Forging or falsifying documents is inconsistent with just and equitable principles of trade and violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. Lance Ching has passed the following exams: - Series 65 – Uniform Investment Adviser Law Examination - Series 63 – Uniform Securities Agent State Law Examination - Series 6TO – Investment Company Products/Variable Contracts Representative Examination - SIE – Securities Industry Essentials Examination He has only worked with Fifth Third Securities (CRD#:628). Kurta Law Can Help If you have been victimized after working with Lance Ching, don’t hesitate to contact us today at 877-600-0098 or [email protected] for a free consultation. For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.

https://www.kurtalawfirm.com/blog/lance-ching/

Insurance and Risk Management Program Insurance professional and Tennessee resident Tyler Pellom wanted to earn his Professional Risk Manager designation, and he found the perfect, career-specific program at the Scott College of Business. The Online Property and Casualty Certificate offers industry professionals like Tyler a flexible, 12-credit program, taught by expert faculty and designed to support students who will take industry credentialing exams. The fully online Property and Casualty Insurance Certificate offers students career-specific training to enter or advance careers in insurance, risk management, and similar fields. The certificate is obtained through four courses to understand insurance products and risk management. Classes may waive exams needed for the Chartered Property Casualty Underwriter designation in property-casualty insurance and risk management, administered by The Institutes. Pellom has been in the insurance industry for six years and operates a branch of an established insurance agency/broker in East Tennessee, which he helped build from the ground up. Prior to this career move, he was an underwriter at a well-known national commercial insurance brokerage headquartered in Oak Ridge, Tennessee. << Read More >> Where Hands-On Learning is Job One As a premier undergraduate program in Insurance and Risk Management, we prepare our students for leadership roles in their professional careers. In fact, our program is a direct result of partnerships with those in the industry. Our students network with industry representatives through internships and real-world experience, and they are prepared to work as underwriters, risk analysts, consultants, brokers, claims adjusters, actuaries, or in other risk management or insurance professions. The Scott College of Business’ Insurance and Risk Management Program began its path toward distinction in 1988. Through development of a rigorous curriculum, significant partnerships with industry leaders, and a strong commitment to experiential learning beyond the classroom, we have become nationally known as a premier undergraduate program. We are proud of our nationally recognized Insurance and Risk Management Program. In addition, Networks Financial Institute has been named and recognized as an Indiana State University Program of Distinction. Students who major in Insurance and Risk Management complete a comprehensive base of liberal studies and business courses, in addition to an exceptionally broad range of challenging course work in the professional area of insurance and risk management. Our greatest bragging point? We have nearly 100 percent job placement of our majors, and more than half of our minors end up in insurance and risk management-related careers. [See Quick Facts] This speaks volumes about our students and the experiences our program provides.

https://indstate.edu/business/IRM

IAG took home the Excellence in Workplace Diversity and Inclusion award and General Insurance Claims team of the Year accolade at the 10th New Zealand Insurance Industry (ANZIIF) Awards. Louise Harvey-Wills, executive general manager of business partnering at IAG, said diversity, inclusion and belonging were fundamental to the company’s purpose. “We know that when different voices are embraced and included, we create meaningful workplaces, higher performing organisations, and an equitable society.” “We’re absolutely delighted to receive this acknowledgement of the exceptional environment we’ve created for our people.” The Excellence in Workplace Diversity and Inclusion Award recognised organisational excellence and achievement in diversity and inclusion in the workplace and the wider NZ insurance industry. Executive general manager of claims Wayne Tippet added: “I’m so proud of what the claims team has achieved, and this industry recognition as General Insurance Claims team of the year is the icing on the cake.” “It recognises the commitment and dedication of our people, who consistently deliver excellence - including during the significant weather events New Zealand has endured - and the outstanding mahi the team delivers to look after our customers every day.” The General Insurance Claims Team of the Year category was introduced at the ANZIIF awards for the first time this year and recognised claims teams that demonstrated excellent technical skills, strong claims results and outstanding customer service during 2021. Where members can access industry Resources & Media Content

https://covernote.co.nz/covernote/sample/double-award-win-for-iag/

Demotech Affirms Financial Stability Rating® Assigned to General Title Insurance Company Columbus, Ohio, March 15, 2023: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to General Title Insurance Company has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing. FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). About General Title Insurance Company General Title Insurance Company (GTIC) is an Indiana corporation authorized to issue Title insurance policies in Indiana, Pennsylvania, Ohio, Tennessee, Arkansas and Kentucky. GTIC is one of the largest regional Title insurance underwriters in the Midwest and one of the few Title insurers that does not compete with its agents for business. GTIC has a claims underwriting department that is at the forefront of legal issues affecting the Title insurance industry. With a combined sixty years of legal experience, the legal department maintains one of the lowest claims ratios in the nation. Visit www.generaltitleco.com for more information. About Demotech, Inc. Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for more information.

https://www.demotech.com/fsr_notifications/fsr_notification_50172/

Employee Highlight – Melissa Markey We love to highlight our employees and their talents. Insurance is a very service-oriented industry and our employees are the people who keep our customers happy and are ultimately the backbone of our company. Having trusted employees is an invaluable asset for almost all businesses. We look forward to highlighting one of our employees today and more in future blog posts. We hope it helps you to get to know them better and know how much we appreciate them. Starting off the new year, our employee highlight is Melissa Markey. Melissa started in the insurance world at 18 years old and has been with Hoch Insurance for over 10 years! She has been a licensed agent for 20+ years. At Hoch Insurance, her main priorities are servicing existing clients and also working with potential new clients on gathering information and providing a quote to fit their needs. She is amazing with clients and provides them with top notch customer service. We are so lucky to have Melissa on our team! When Melissa isn’t working she enjoys spending time with her granddaughter, Evelynn. She also enjoys shopping and spending time at the lake with her family. Insurance For You If you are interested in a quote for your car, home or personal insurance needs, Melissa will take care of you! She has an abundance of insurance knowledge and will take care of you from the quoting process to helping you with your ongoing insurance needs. Since Hoch Insurance has multiple insurance providers, we are able to provide you with the best coverage at the best price that will fit your individual needs. Contact us today and we can help!

https://hochinsurance.com/resources/blog/employee-highlight-melissa-markey/

General Search & Recruitment (GSR) is a professional firm specializing in insurance staffing. With over 43 years of industry expertise, GSR has developed a keen ability to identify and attract the top talent in the insurance sector. We focus specifically on underwriting, claims, and sales, allowing us to deeply understand the needs and requirements of our clients in these areas. Our comprehensive reach spans from sourcing to screening, ensuring that we continuously adapt to the industry's rapid changes. Throughout our years of operation, GSR has established valuable relationships with professionals and employers in the insurance industry. We pride ourselves on refining and redefining the recruitment process to best meet the evolving needs of our clients. As insurance audit recruiters in Kansas, our goal is to connect our clients with the most qualified candidates who possess the necessary skills and expertise in insurance auditing. We have a strong network of professionals in this field, allowing us to provide tailored recruitment solutions to insurance companies in Kansas. Why Choose GSR? - We have over 43 years of experience in the insurance staffing industry, making us experts in identifying high-quality candidates. - Our focus on underwriting, claims, and sales ensures that we understand the unique requirements of these roles. - We have developed a vast network of professionals in the insurance sector and maintain valuable relationships with them. - GSR continuously adapts to industry trends, ensuring that we stay ahead of the curve in recruitment strategies. - We strive to provide the best recruitment solutions to our clients while refining and redefining the recruitment process. If you're looking for insurance audit recruiters in Kansas, trust General Search & Recruitment to find the perfect candidate for your organization. Contact us today to learn more about our services. For more information about the insurance industry, you can visit the following resources:

https://gsr4you.com/insurance-recruiters/insurance-audit-recruiters-in-ks/

Insurance agents had been an established Attribute of this London industrial landscape at the right time of Queen Anne. In the Start of the twentieth century Stuart and Hanoverian England commanded all this transaction runs across the World and also the British Empire had been at its ancient heyday. Insurance Agents came to presence because The insurance coverage policy policies plan of boats (hulls and cargoes) emerged little by little whilst the parttime job of some sizable and large group set of private men and women, a few together with specialised wisdom such as for example retailers, boat owners and owners, however such as a broad array of men and women whose sole common feature was which they had richesse to take a position along with huge profits had been designed for hazard seekers throughout those short days of detection. The very first insurance policy professional was a maritime insurance plan policy company and came back to being as a response to some demand during the moment. This mixed bunch of people Comprised, in one point or another, this kind of assorted figures as Samuel Pepys, both the Admiralty civil winner and renowned diarist, along with Daniel Defoe, the most renowned journalist and novelist, however without doubt that there were still countless hundreds or even many the others that, at the gaming soul of their era, had been ready to set their trademark into, which would be always to underwrite, ” a set of folks sharing an danger. On Account of the poisonous Character of Maritime Insurance, so nobody could bet more when compared to the portion of the (or her) luck on some specific boat, therefore someone needed to conduct across the metropolis to build a set of titles to give pay each of those boats departing vent, the so-called Lloyds checklist given through an early bookies runner. Since Gibb writes in his Lloyds of London, the Agents will be the fixedpoint within an floating marketplace. This had been that those that had been the Specialists the Full-time guys who relied upon insurance to get their everyday labour and livelihoods, who maintained established offices,” realized the liable underwriters and, during long run, ended up informed about the essence of maritime danger. During the Subsequent 300 Decades of until the current Afternoon, the development of insurance broking watched lots of good and the bad, however, has been overrun by 3 prominent functions: that the progress, diversification as well as of late, amalgamation of insurance policy plan coverage policies brokerage companies. Insurance providers themselves also have tracked that the insurance policy professional evolutionary route and responded towards the requirements of these days. The way Mr Pepys would marvel in the Manner Insurance Is currently invisibly every-where through the world wide web.

https://www.dailyinsurancestudy.com/marine-insurance-coverage-policy-plan-policies-the-oldest-occupation/

We at Dodge Insurance are about meeting and surpassing the standard for an insurance brokerage. Since we are a locally owned and operated business, we pride ourselves in having a personal relationship with our clients. Our brokers’ take great care to provide excellent service and to represent our clients in difficult matters such as claim issues, the application process and billing problems. Many large insurance companies do not offer the face to face experience, and will instead let the client call a customer service number to fix issues on their own time. At Dodge Insurance, you will always speak to a local, licensed broker who will be able to advise you specifically on how best to approach your insurance needs. Kent began working in insurance in 1983, after graduating from Randolph-Macon College in Ashland, Virginia. Kent’s first foray into the world of insurance was employment by Northwestern Mutual, and then Humana. He is extremely knowledgeable about all types of insurance, particularly health insurance, as he has seen many changes in the industry in the length of time he has been working in it. He and his wife Jane moved to Blacksburg in 1989, where they raised three children. Kent and Jane are active in working with students at Virginia Polytechnic Institute and State University, particularly with members of Virginia Tech’s Corps of Cadets. When not working with insurance, Kent enjoys playing hockey in a local league based in Roanoke, and spending time in Camden, Maine, his ‘other’ home. Stephen, Kent’s son, has been working for Dodge Insurance since 2011 – and has been a licensed insurance broker since early 2012. His unique experience with pre-and-post Affordable Care Act insurance has allowed him to seamlessly explain to clients the differences and impact of the new federal law. He graduated from Dayspring Christian Academy and attended Radford University. When he is not in or around the office, he enjoys spending time with his dog, Maggie, and playing ice hockey.

https://www.blacksburginsurance.com/about.html

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips. To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words. To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”. Gus Fuldner, head of insurance at San Francisco-based Uber Technologies Inc., attributes much of his success to his the staff of about 30. “I have a substantial actuarial team,” Mr. Fuldner said. “My second hire was a fairly senior actuary, Frank Chang,” a fellow of the Arlington, Virginia-based Casualty Actuarial Society. Mr. Chang, who most recently worked at Menlo Park, California-based Google Inc., also spent time at San Francisco-based Esurance Insurance Services Inc. and Novato, California-based Fireman's Fund Insurance Co. Uber now has a four-member actuarial team that Mr. Fuldner plans to double this year. As Uber builds insurance products in an environment where there often is little loss history, it is very important “to have a really strong actuarial team that can produce estimates and analyses with relatively limited information,” he said. Another staff member focuses on public policy and meets with state legislators and regulators, said Mr. Fuldner. “I then have a team of claims advocates, who basically help riders and drivers understand the process of making an insurance claim and gathering the information we have about their trip to help them make a claim with the appropriate insurance,” he said. Most of the claims advocates worked previously in personal lines insurance claims and “are very familiar with auto insurance,” he said. “They're not adjusting claims themselves,” he said. “What they're doing is helping gather the information in our systems about the trip and helping guide the rider and the driver to the correct place to make a claim and how to do that.” Other staff members focus on “partnerships with third-party insurers that sell insurance to our drivers,” Mr. Fuldner said. “In both the limo and black car model as well as the (transportation network company ride-sharing) model, our drivers are buying their own insurance, whether personal or commercial, depending on the model, and so we have relationships with these insurers that are building products and selling to that market,” said Mr. Fuldner. Mr. Fuldner also works with an insurance legal and regulatory team, which reports directly to the general counsel and includes three attorneys who focus solely on insurance regulatory law. The legal/regulatory team drafts policies, reviews contracts, interacts with state insurance regulators and drafts legislation, Mr. Fuldner said. Uber also has some outside attorneys who advise the firm. Uber has “been very deliberate about whom they hire, and he's been able to bring in some incredibly top-notch people,” said Randy Nornes, Chicago-based executive vice president of Aon Risk Solutions, who works with Mr. Fuldner in the U.S. and abroad as its broker. The past year has seen the passage of several state laws covering ride-sharing insurance, and the legal/regulatory team has been actively involved in that process, he said. Although the attorneys report to the general counsel, “I'm the internal client,” Mr. Fuldner said. Mr. Fuldner said his team is located primarily in San Francisco, except for one person in Singapore who covers the Asia-Pacific region and one person in London who covers Europe, the Middle East and Africa. Gus Fuldner first encountered Uber Technologies Inc. as a user of the ride-sharing service.

https://www.businessinsurance.com/article/00010101/NEWS06/304109971/Actuaries,-legislative-liaisons,-claims-processors-round-out-team

11 September 2018, India: Insurtech brand Policybazaar.com has launched a new version of self-video cashless claims feature on its app for easy and faster claims processing & settlement. Public Sector Insurers, New India Assurance and United India Insurance, have been the first ones to adopt the new feature and have joined hands with PolicyBazaar.com to offer consumers’ settlement of accidental claims through this feature using the Policybazaar.com app. The new feature allows consumers to overcome the hassle of physical inspection for claims and allows them to self-upload a video through the app for evaluation of damages on a vehicle, making the entire inspection process a matter of minutes and the approval process a matter of few hours. “Customer-centricity is ingrained in the DNA of our organization’s ethos. Continuing on our journey to make insurance a seamless experience we have launched this new PB Claims feature. The app is expected to reduce the timeline of approval/ non-repair timelines from two days to two hours,” said Mr. Yashish Dahiya, Co-founder & CEO, Policybazaar.com Group of Companies. “We are a leading non-life insurer which keeps abreast of the latest technology trends with the objective of leveraging them to enhance our customer service levels. We at United India are very happy to pioneer a video app exclusively developed for motor vehicle damage claims. We laud the first of its kind customer-friendly initiative of Policybazaar.com in this regard. This initiative will have the twin benefits of fast turnaround times in claims settlement and making life easy for the customer,” said Mr K B Vijay Srinivas, CMD (Joint in Charge) at United India Insurance. The feature also provides with real-time updates to customers on the progress of their claims, which can be tracked through ‘my account’ section on the Policybazaar.com website or App. To further strengthen the process, the company is also running a pilot on Artifical Intelligence (AI) being used to assess the estimate of the damage and quotation of repairs, which was earlier being provided only by the garage. Policybazaar offers buyers opportunity to compare and choose insurance policies. (Image – Policybazaar)

https://techstory.in/policybazaar-com-launches-self-video-cashless-claims-feature-for-motor-insurance-2018/

February 19, 2019 (Columbia, S.C.) – HUB Carolinas, a region of HUB International, the sixth largest insurance brokerage in the world, recently announced that Suzanne Flynn has joined HUB Carolinas as Client Services Consultant. Flynn will be responsible for maintaining large commercial relationships in North and South Carolina, and coordinating clients’ needs for risk services and claims management. She will be based in the HUB Carolinas Greenville office. Most recently, Flynn was a managing director at Beecher Carlson. Prior to that, she worked with Wells Fargo handling risk services, revenue production and claims management. Flynn has 30 years of insurance experience. “We are pleased to have Suzanne on our team,” said Tommy Suggs, President and CEO of HUB Carolinas. “Her vast experience and specific knowledge of claims and risk services will be of great value to our clients in the Carolinas and beyond.” Flynn holds a Bachelor of Arts degree in business economics from Wofford College. About HUB International HUB is the sixth largest insurance, benefits and risk services broker in the world, headquartered in Chicago, IL. Offering a broad menu of property and casualty insurance, employee benefits and personal lines, as well as investment and risk management products and services, HUB also brings unmatched global capabilities to international clients. HUB Carolinas is a region composed of North and South Carolina, and headquartered in Columbia. Offices are located in Bluffton, Charleston, Columbia, Greenville, Hilton Head Island and Myrtle Beach, South Carolina; and Burlington, Charlotte, Greensboro and Raleigh, North Carolina. Learn more about HUB Carolinas and HUB International: https://www.hubinternational.com/offices/us/south-carolina/downtown-columbia/ SCBIZtv is part of the SC Biz News family, serving 100,000 high-level business execs throughout South Carolina. Click for more from SCBIZtv.

https://sodacitybizwire.com/hub-carolinas-announces-suzanne-flynn-as-client-services-consultant-top-insurance-brokerage-in-the-southeast-adds-talent-to-manage-relationships-across-carolinas

Insurance Specialist – Group Risk & Insurance Management (f/m/d) At Swarovski, where innovation meets inspiration, our people desire to explore, experience and create. As an Insurance Specialist – Group Risk & Insurance Management (f/m/d) you will get a chance to work in a rewarding role within a diverse team that is pushing boundaries. Be part of a truly iconic global brand, learn and grow with us. We’re bold and inventive, revealing astonishing things like no one else can. A world of wonder awaits you. Make an impact Your responsibilities include, but are not limited to: ― Designing, advising and supporting in various insurance areas, including transport, property, liability, travel, credit, life pooling, etc. ― Negotiating, conceptualizing, and providing customized insurance solutions for events, projects, exhibitions, fairs, etc. ― Acting as a link between businesses, Swarovski group companies, and insurance entities to ensure smooth daily operations. ― Independently processing and settling claims at local and corporate level, maximizing legal and contractual options. ― Ensuring comprehensive, market-conforming, and optimal insurance coverage, issuing legally binding insurance certificates and secure rights of Swarovski group companies. ― Handling of international insurance programs (esp. credit insurance and financial lines) in cooperation with the international insurance broker network of Swarovski group. ― Reviewing and adjusting current insurance coverages in Austria based on current conditions, changes, and market influences. Bring your magic We are looking for a unique and amazing talent, who brings along the following: ― University master’s degree or insurance broker certification ― Minimum 5 years of professional experience in a similar role ideally within an international setting ― Well-founded expertise in industrial insurance, insurance contract law as well as general and special insurance conditions ― Experience with the setup of multinational insurance programs ― Excellent German and English proficiency, presentation, and communication skills, additional foreign language skills are an advantage ― Team orientation and ability to work effectively with all levels of the organization ― Innovative and creative approach whenever possible and can-do attitude CREATE A WORLD OF WONDER Masters of Light Since 1895 Swarovski creates beautiful crystal-based products of impeccable quality and craftsmanship that bring joy and celebrate individuality. Founded in 1895 in Austria, the company designs, manufactures and sells the world’s finest crystal, gemstones, Swarovski Created Diamonds and zirconia, jewelry, and accessories, as well as crystal objects and home accessories. Together with its sister companies Swarovski Optik (optical devices) and Tyrolit (abrasives), Swarovski Crystal Business forms the Swarovski Group. Swarovski is an equal opportunity employer. We give our people the guts to celebrate individuality and pride ourselves on creating a workplace where people feel involved, respected, valued, connected, and heard. Due to legal reasons, we advise that the collectively agreed base monthly salary for this position is at least € 3.497,87 gross monthly. Um dich für diesen Job zu bewerben, besuche bitte swarovski.wd3.myworkdayjobs.com.

https://htl-jenbach.at/job/insurance-specialist-group-risk-insurance-management-f-m-d/

Specialty Risk Insurance Agency works with companies that manufacture feed for poultry, pig, cattle, and other livestock. Protein manufacturing is a critical component to feed and can be derived from a variety of sources: plant or crop based, fishmeal, and animal by-products. We are familiar with the risks associated with protein manufacturing and can help establish a program to protect your business. Private Label Pet Food Private label pet food manufacturing has long since been a part of the agribusiness world and Specialty Risk Insurance Agency is uniquely qualified to assist manufacturers protect their business. If you need help protecting your ingredient supply or making sure you are protected in the event of a product recall, we are ready to help. Grain handling comes with risks unique to many other businesses. Regulatory issues on combustible dust and employee safety are on the forefront of every business owner that handles grain. Specialty Risk Insurance Agency understands those challenges and has the people and the strategies to help business owners succeed. We write custom insurance policies, which allow you to ride with confidence. Protect your horses, barns, trailers, and tack investments with a custom policy by a Specialty Risk Insurance Agency producer. Insuring your purchase before you leave the sale is the second most important move after selecting the next addition for your equine program. Headquartered in Carthage, Missouri, our sales team knows what’s important to your policy because they live and breathe the equine industry, too. As a horse owner, equine liability covers your home and your horse operation, on and off premises, including boarding, breeding, racing, training, horse shows, and riding instruction. We not only write policies for horse owners, but also for veterinarians, trainers, and barn owners. Our custom policies can include transportation, mortality, life insurance, workers compensation, and group and individual health insurance.

https://specialtyriskinsuranceagency.com/services/agribusiness/feed-grain-and-pet-food

SJL Blog 8 July 2019 Complementing the human touch with AI in the Insurance Industry There is no doubt that AI (Artificial Intelligence) is changing the way insurance brokerages are transacting business, but the biggest challenge is to retain the human touch and the relationships we have with the clients Where can I get AI Insurance you may ask? At SJL, we are a people business, and while we are always pioneering technology to help us be most effective, the personal relationship we have with our clients cannot be replaced with AI. The same can be said for the gut instinct of the underwriter. New electronic trading technology is not only effective but also a valuable tool to the savvy underwriter. At SJL, we have always embraced technology. Electronic trading has sped up quoting and gives us unprecedented access to multiple insurers for one single client. That is the ultimate customer service. This technology is exciting for us since it enables us to provide some of the most competitive terms in the marketplace at different speeds. What used to take weeks can now be achieved at the click of a button, like providing documentation. At SJL, we believe that we offer the best AI insurance services choices in the UK. As Lloyds of London is going digital, insurance brokerages are seeing an even bigger impact of access. As a Lloyd’s broker with global reach, SJL can trade on the electronic platform, enabling us to swiftly quote, negotiate, bind and endorse insurance digitally within the biggest insurance market in the world. The risks can be placed electronically or face-to-face, thus removing paper from the broking process and creating a digital information flow. Together with Lloyds of London, SJL has swiftly entered into the digital age, embraced the electronic placing platform and joined electronic trading going forward But the gut instinct of the insurance underwriter cannot be replaced by AI. Despite the “billions of data points”, the data still needs to be applied to a real-life situation by an experienced underwriter. Insurers appreciate the fact that at SJL we “touch” and review every risk. AI will definitely take our industry to the next level fast, and the savvy insurance brokerage will know how to apply the wealth of information to use it wisely.

https://www.sjlins.co.uk/blog/read-our-blog-on-ai-in-the-insurance-industry/

Successful conclusion of E.U.-U.S. bilateral agreement on insurance and reinsurance Following the successful conclusion in January 2017 of the bilateral agreement on insurance and reinsurance between the European Union and the U.S., industry body Insurance Europe welcomed the deal, supporting in particular the removal of the discriminatory collateral requirements that E.U. reinsurers were subject to when placing business in the U.S.. This change is expected to support bilateral trade in insurance and reinsurance. However, the National Conference of Insurance Legislators, a U.S. lobby, quickly objected that the new agreement “intrudes on the U.S. state-based regulatory system and has objectionable provisions preventing U.S. regulators from requiring reinsurance collateral for Europe-based companies”. In fact, in the future U.S. regulators will continue to require reinsurance collateral but they will no longer be able to request that such collateral be deposited in the U.S. Instead, Europe-domiciled collateral will be deemed to be U.S.-compliant as well, eliminating the costs associated with depositing assets in the U.S. in addition to Europe. The agreement covers many subjects other than reinsurance collateral and essentially provides for a (partial) mutual recognition of the U.S. and E.U. insurance regulatory regimes, a most welcome development in the opinion of this publication. Mutual recognition does not mean or imply harmonization, though; nevertheless, the agreement will facilitate cross-border and bilateral trade in insurance and reinsurance, a matter of importance for global employee benefits. For the time being, the U.K. is included in the scope of the agreement but once Brexit has come into force around mid-2019 it will have to negotiate a new, separate agreement with the U.S. (and another with the E.U., for that matter). The full text of the January 2017 U.S.-E.U. agreement is available here as a PDF file.

https://www.global-benefits-vision.com/successful-conclusion-of-e-u-u-s-bilateral-agreement-on-insurance-and-reinsurance/

Left to right: Cody Douma – Vice President, Cindy Billyard – Vice President, Stephen Billyard – President At a time when everybody in insurance seems to be engrossed with ideas around insurtech, mass consolidation and market disruption, there are some brokerages in Canada that are thriving in the good, old-fashioned way. Ontario-based Billyard Insurance Group (BIG) is one such brokerage to hold faith in the traditional broker toolkit. In 2018, the brokerage experienced considerable growth, opening 16 new offices in key locations across Ontario, and adding 98 licensed brokers to its workforce. Since BIG’s founding in 1998, the brokerage has expanded into 26 locations and now has approximately 195 brokers. “Over the last few years, we’ve experienced some really explosive growth. We’ve added a lot of locations and a lot of talented brokers across Ontario,” said BIG President Stephen Billyard. “Our growth has been exclusively organic. We’ve been focused on a more traditional, old-fashioned approach to brokerage growth, which is to rely on talented brokers selling in their local communities, developing personal networks, getting involved in those communities, and selling insurance to people face-to-face.” The old-fashioned ‘boots on the ground’ approach has certainly worked for BIG. By focusing on talent acquisition in local communities, the brokerage has built a thriving book of personal lines business (despite challenges in the industry regarding profitability) and has achieved significant growth in commercial lines. BIG was recently named one of Insurance Business Canada’s Top 10 Brokerages 2019 for its efforts. “We’ve had a lot of success in commercial lines this year under the leadership of Mark Whiteley, our director of commercial lines,” Billyard told Insurance Business. “We really put an emphasis on developing commercial expertise and talent in the organization. We think there’s a deficit of that in the Ontario marketplace and a lot of the talent is focused around a small number of ageing brokers. To address that, we developed our ‘BIG Commercial Bootcamp,’ where we take largely personal lines producers and we give them the foundations they need to develop small- and mid-market commercial sales strategies.” Another way BIG has helped its broker force is by investing in new technology. The business might run off old-fashioned ideals, but that culture is supported by the most useful modern technologies. As Billyard put it: “If you give someone who is already a successful broker a powerful tool to help them do their job more effectively, communicate with clients better, and close their sales faster and more effectively – that methodology will draw a lot of success.” One tool BIG has invested in is a client-facing service app. This gives BIG clients the opportunity to chat directly with their broker, making communication easier and more efficient. Policyholders can also use the app to access their policy documents, find information about billing schedules, request copies of policy documents, and report claims. In the second quarter of 2019, BIG also plans to launch an AI chatbot on its website, which will provide instant customer self-service. “When it comes to the sales cycle in the brokerage industry right now, clients still want to talk to an insurance professional and they still need a trusted advisor,” said Billyard. “That’s why we believe wholeheartedly in selling insurance in our communities as opposed to selling exclusively online. Of course, selling online remains very important to us as well, but selling in our communities and becoming that trusted advisor is the first step towards building that relationship with the customer.” “What has changed is that customers today have expectations of a very high level of service and self-service. They want to be able to access important information on their phones or online. They want to be able to communicate with their brokers through their mobile devices, and they want technology to be able to self-service as much as possible. That’s why we’re investing in these tools. I don’t think insurance should be one way or the other; these days, I think customers demand both.”

https://www.insurancebusinessmag.com/ca/news/breaking-news/billyard-insurance-group-wins-big-with-oldfashioned-ideals-165796.aspx

NFP Buys UK-Based Resolute Insurance Services NFP, a New York City-based property/casualty broker, announced it has acquired Resolute Insurance Services, an independent insurance broker based in the West Midlands. Financial details of the deal were not disclosed. NFP said the acquisition expands its commercial insurance product offerings and accelerates Resolute’s plans to provide additional solutions to clients. Resolute offers its clients a diverse mix of products across commercial insurance. The acquisition provides Resolute and its client base with access to NFP’s global portfolio of complementary specialists and group benefits, risk, wealth, and pension solutions, leading to enhanced business support and client service. “We’re excited to welcome the Resolute team to NFP,” said John Paul Allcock, group managing director, NFP in Europe. “We’re always open to engaging with like-minded insurance brokers and expanding our business operations by integrating firms, such as Resolute, that share our culture and values. Resolute will be a great asset to NFP as we invest in the team and their growth.” Resolute’s senior management team will continue with NFP as key producers within the business, with David Cox remaining a managing director working closely with Allcock. “We are excited to join the NFP family and provide our commercial clients with access to an array of new solutions and products that span beyond commercial insurance,” said David. “Our team and business will benefit from the support that comes from NFP’s wider corporate umbrella.” Mergers & Acquisitions Was this article valuable? Here are more articles you may enjoy.

https://www.insuretechnews.org/nfp-buys-uk-based-resolute-insurance-services-5/

Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance business of local Allianz Property & Casualty (P&C) entities will begin to trade as “Allianz Commercial” as one go-to-market business offering insurance solutions for mid-sized businesses, large enterprises and specialist risks. AGCS, as a global carrier, and Allianz’s commercial businesses in markets such as Australia, France, Germany and UK will officially adopt the new trading name of Allianz Commercial as of today, while other countries will be moving to the new integrated model and trading identity in the coming months. Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under new unifying name – this gives us an immense competitive advantage and a compelling customer value proposition across the commercial insurance market, rooted in simplicity and consistencyChris Townsend, Member of the Allianz SE Board of Management Allianz Commercial is also moving to a new structure with 11 new regions which brings together the current six regional units of AGCS with Allianz’s national Commercial businesses. Each region is led by one Commercial Managing Director representing the integrated Allianz Commercial business to customers and distribution partners with a more consistent trading approach and a wider set of solutions. These regions have been designed to reflect market characteristics, broker and distribution practices, and geographic proximity. We will be able to play the full market in one consistent approach with advanced product solutions, which are grounded in global industry and underwriting expertise and delivered with local market knowledgeJoachim Mueller, Allianz Commercial CEO The new regional set-up gives Allianz the optimum footprint in all major commercial markets worldwide. As previously announced, Joachim Mueller will lead Allianz Commercial as part of his responsibilities as CEO of AGCS SE. From the regulatory and licensing perspective, and to ensure local continuity, the legal names of AGCS companies and the various Allianz P&C entities such as Allianz Versicherungs-AG or Allianz France will remain. Similarly, each legal carrier will retain its existing financial strength rating. In 2022, the integrated business of Allianz Commercial generated more than €19 billion gross premium globally. Allianz Commercial will serve a wide range of business customers around the globe ranging from global multinationals to family-owned and mid-sized enterprises, which are the backbone of the economy in many countries, as well as unique and complex risks such as offshore wind parks, shipping or aviation fleets or Hollywood film productions. To all these customers Allianz Commercial provides a wide range of traditional and alternative risk transfer solutions, risk consulting and global program services (Allianz Multinational) as well as seamless claims handling.

https://beinsure.com/news/agcs-will-be-allianz-commercial/

Richmond, VA — December 20, 2022 — The Hilb Group announced today that it has acquired Georgia-based Gillman Insurance Problem Solvers, expanding the company’s Southeast presence and deepening its property and casualty expertise. The acquisition became effective December 1, 2022. Based in Alpharetta, Georgia, Gillman Insurance – and its affiliates APA Insurance Services and 3G Truckin Insurance – specializes in taking a problem-solving approach to meet the needs of its clients through a broad suite of both personal and commercial offerings. The agency has served the metropolitan Atlanta area since 1993, and APA Insurance Services and 3G Truckin Insurance have customers in 40 states. Additionally, for seven consecutive years, Gillman Insurance Problem Solvers has earned the prestigious “Best Practices” honor bestowed upon by the Independent Insurance Agents & Brokers of America, as a recognition of performance, growth, and operational excellence. Ed Gillman and his team of insurance professionals will become part of Hilb Group’s Southeast regional operations. “Joining the Hilb Group allows us to build further upon our long-standing, dedicated focus on our customers,” Ed Gillman stated. “We are keeping the same commitment to our local community and continuing to serve our customers nationwide, while expanding our resources to build on our ‘Best Practices’ foundation.” With the addition of Gillman Insurance, the Hilb Group now has locations in 23 states, including a broad presence throughout the southeastern United States, as well as service to all 50 states. “We are excited to welcome Gillman Insurance to the Hilb Group family and to grow our operations in Georgia,” Hilb Group CEO Ricky Spiro said. “The addition of Ed and his team represent the perfect entry into the state, as we join with a growing agency that has deep community ties, a tremendous reputation, and an unparalleled commitment to those who depend upon us.”

https://primedconsulting.com/hilb-group-expands-into-georgia-acquires-metro-atlanta-based-gillman-insurance-to-grow-southeast-market-presence/

YAKSHA PRASHNAM CONTD….. Last episode was the story of Yaksha Prashnam from Mahabharatham. The story is not complete yet. Let us understand an important learning from this story before developing the story further. When Nakul was overjoyed spotting the pristine lake his mind was concentrating only in getting his needs satisfied ie quenching his thirst and carrying water to his brothers. Though he heard the warning from the asariri (incognito voice) not to touch the water without answering the questions, He ACCEPTED the risk by ignoring the warning. His mind was focused only on the BENEFIT that he did not think about the RISK. We encounter many THREATS in our daily life and THREATS generally do not give a warning before striking. We must anticipate THREATS. Fortunately, Nakul had the forewarning. He should have carefully assessed the PERCEIVED THREAT based on the PROBABILITY of occurrence and possible IMPACT if it occurs. Both are high in this instance because there was a warning message and the message warned about the possibility of death if the warning was not heeded to. This gets more pronounced because Nakul was in VULNERABLE position, he was unarmed to engage in any fight. Based on higher PROBABILITY of occurrence and possible high IMPACT the RISK LEVEL of getting into the lake and drinking water from the lake was HIGH. Nakul should have thought about the RISK before getting into the lake. I am not saying that he should not have ventured into the lake and rather should have returned empty handed. We must take RISKS to move forward. We cannot take any new initiative if we are averse to every possible RISK. What must be done then? That is the science of RISK MANAGEMENT ie Understanding the RISKs and taking appropriate action to manage the RISKs when they occur. Let us look at it from Sahadev’s perspective. Sahadev was also in similar VULNERABILITY, Unarmed. He also heard the asariri. It mush have been even more certain for Sahadev as he saw the dead body of his brother Nakul on the banks of the lake. He should have understood that asariri was not a fake message. PROBABILITY is even HIGHER than what was inferred by Nakul as there is an evidence of prior occurrence. PROBABILITY increases if there is an evidence of prior occurrence. The case with Arjun is even more interesting. Sensing some danger, Arjun went with his weapons. Arjun was a reputed valiant warrior. He was ready to fight. RISK is lower in the case of Arjun as the VULNERABILITY was lower and he was prepared. But VULNERABILITY was not fully eliminated as the encounter was with a supernatural. Arjun did not ignore the RISK but challenged the RISK. He gave a valiant call to appear before him and fight with him. Alas, it is difficult to predict the behavior of THREATs. THREATs have an element of surprise and they might even change their strategy depending on your PREPAREDNESS. Arjun was prepared but he did not realize that his preparation was not of any use as he was fighting against an invisible supernatural being. Arjun assumed that he established all necessary CONTROLS (readiness to fight) and hence he was not VULNERABLE and decided to go ahead with seeking the BENEFIT. Alas, he did not realize that the CONTROLS were not enough for the THREAT in question as the threat actor was invisible and is a supernatural. Weapons are not enough. You probably need different precautions and different actions. What Arjun could not achieve with his weapons, Yudhistra could achieve with his patience and intelligence. We encounter unanticipated threats quite often in our business in our career. Threats occur in a manner not known and unanticipated like that of the supernatural yaksha in the lake. Traditional strategies are at times not enough to protect against the constantly evolving THREATS. You can never be complacent against THREATS however good your EXISTING CONTROLS could be. You must be constantly evaluating the THREATS and take appropriate contingent actions. What are the possible contingent actions and how to decide which option would be the most appropriate? Nakul and Sahadev did not take any mitigation action. They either did not realize the RISK or realized the RISK but decided to ACCEPT the Risk, ie go ahead with the plan without taking any mitigation action ie PURSUING BENEFIT UNMINDFUL OF THE PERCEIVED RISK WITHOUT TAKING ANY MITIGATING ACTION. You take this option if the mitigation is not possible or if the cost of mitigation outweighs the benefit but the plan cannot be avoided. Arjun was AWARE of the RISK and took some mitigating action to REDUCE the RISK ie TO REDUCE EITHER THE PROBABILITY OR THE IMPACT by demonstrating his capabilities and preparedness. But he failed to assess the RISK properly. His mitigating actions did not REDUCE the RISK sufficiently and the RESIDUAL RISK was still higher than RISK TOLERANCE. He went ahead without realizing high RESIDUAL RISK and succumbed. Only Yudhistra assessed the RISK properly. There are two other risk response possibilities though none of the Pandava brothers choose them. They could have AVOIDED the risk ie preferring to remain thirsty rather than facing the risk or they could have TRANSFERRED the risk to someone else in that forest by promising them something in return for getting water for all of them. Probably there was no one else around them at that time! Thus, the Risk Response options are - Accepting the Risk - Reducing the Risk - Transferring the Risk - Avoiding the Risk Whatever may be the Risk Response - Be aware of the risks - Assess your risks - Take appropriate response as it would befit the risk ‘Risk Taking’ is an essential trait for a Leader. This does not mean a leader has to be unmindful of all the risks. Means ready to take necessary risks after assessing and taking appropriate mitigating actions. Pertinent questions from Yaksha and competent answers from Yudhistrar in the next episode.

https://bhogya.online/monday-musings-39/

DES MOINES, Iowa — For the second consecutive year, legal insurer ARAG® has been named one of the Best Places to Work in Insurance by Business Insurance magazine based on the quality of its programs and practices. ARAG is the only legal insurance carrier on the 2010 Best Places list. “ARAG is honored to be selected as one of the Best Places to Work in Insurance for the second straight year. This recognition is a tribute to the quality of ARAG people, products and service,” says Chief Executive Officer Cam Sutton. “Our culture, values, benefits and growth opportunities make ARAG an exceptional company, where individuals can enjoy a rewarding career while making a difference in the lives of our customers.” ARAG is one of 17 repeat honorees among the 54 insurance industry companies on the 2010 Best Places list, which is sponsored by Business Insurance and administered by Best Companies Group. Selection is based on an in-depth assessment of workplace benefits, policies and practices and an evaluation of employee engagement and satisfaction. The program is open to all publicly or privately held property and casualty insurers, group life and health insurers, agents and brokers, reinsurers and third-party administrators with at least 25 employees working in the United States and serving the commercial market. The Best Places selection is one of several honors that ARAG has received in 2010, which include awards from the American Society of Training and Development (ASTD), the American Marketing Association (AMA), the American Advertising Federation (AAF), the Association of Marketing and Communication Professionals (AMCP), the Insurance and Financial Communicators Association (IFCA), the International Association of Business Communicators (IABC) and the Public Relations Society of America (PRSA). ARAG, a global leader of legal insurance, has an international premium base of almost $2 billion and protects 15.5 million individuals and their families — worldwide. ARAG offers comprehensive legal plans that provide a smart and trusted path for resolving legal issues. This enables people to protect their families, finances and futures. This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.

https://www.hrvendornews.com/legal-insurer-arag-is-again-named-one-of-the-best-places-to-work-in-insurance/

June 28, 2022 RALEIGH, NC – McGriff today said it has hired Rodney Ledford as the strategic growth officer for its Small Business and Personal Lines division. Ledford joins McGriff with 18 years of industry experience, most recently as vice president, national partners for a global insurance carrier. In this new role, Ledford will be responsible for developing strategic plans that facilitate growth within both lines of business, reviewing operations for efficiency, and strengthening carrier relationships. “We are thrilled to welcome Rodney to the McGriff team,” said Crystal Sanderson, national director of small business and personal lines at McGriff. “His depth of industry experience and proven leadership capabilities will help position McGriff’s Small Business and Personal Lines division for continued growth.” Ledford earned a bachelor’s degree in management and society from the University of North Carolina, Chapel Hill. He can be reached at [email protected] or 919-433-7582. A subsidiary of Truist Insurance Holdings, LLC, McGriff Insurance Services, LLC is a full-service insurance broker providing risk management and insurance solutions to clients across the United States. The firm’s coverages include commercial property and casualty, corporate bonding and surety services, cyber, management liability, captives, alternative risk transfer programs, small business, employee benefits, title insurance, personal lines, and life and health. For more information, please visit www.mcgriff.com. About Truist Insurance Holdings Truist Insurance Holdings, LLC, the sixth largest insurance broker in the U.S. and seventh largest in the world, is a subsidiary of Truist Financial Corporation (NYSE: TFC). Headquartered in Charlotte, N.C., Truist Insurance Holdings operates more than 250 offices through its subsidiaries: McGriff Insurance Services, LLC; CRC Insurance Services, LLC.; Crump Life Insurance Services, LLC.; AmRisc, LLC; and Kensington Vanguard Land Services, LLC. To learn more, visit www.truistinsurance.com. Insurance products and services offered through McGriff Insurance Services, LLC, a subsidiary of Truist Insurance Holdings, LLC, are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value. McGriff Insurance Services, LLC. CA License #0C64544

https://www.mcgriff.com/resources/news-releases/mcgriff-hires-ledford-strategic-growth-officer.html

Adobe And Magento Announce Partnership On Experience Driven Commerce There was a lot going on at the NRF’s Shop.org conference this week. Magento and Adobe announced their partnership but the big news from our side was the release of our connector for Adobe Experience Manager (AEM) and Magento 2 which is now the official connector managed by Adobe and Magento. From a business level it is an exciting partnership, commerce sites that use Magento now have the ability to tie into Adobe Marketing Cloud suite of tools which has been the industry’s leading Enterprise Marketing Software Suite for years. This week at Shop.org we were able to talk to people about the connector and sit down and do some demos for partners, analysts and sales organizations. It was well received and it is always fun getting feedback from the general public. We all had a blast. People familiar with Infield Digital know we did an AEM Magento connector for Magento 1 a few years ago. For the Magento 2 update, we collaborated extensively with the Adobe and Magento teams. The result is an integration that allows the marketing department to use the Adobe Marketing Cloud tools for all their marketing needs while allowing the ecommerce managers to maintain products catalogs and orders using the Magento tools they know so well. Magento and Adobe will be actively maintaining and evolving the connector. The initial release has catalog and product importer, cart and checkout tools as well as profile and authentication hooks that allow Magento customer profile information to drive the Adobe personalization engine. If you want to learn more about the connector you can talk to Adobe, Magento or contact us directly for more information or a demo.

https://www.bounteous.com/insights/2016/10/06/adobe-and-magento-announce-partnership-experience-driven-commerce

Osiris Maldonado is making it her mission to educate her community about insurance and provide a stable, rewarding career to her staff. On this episode of Agency Nation Radio, Osiris Maldonado, the co-founder of Pronto Insurance in Schaumburg, Illinois, sits down with Will Jones, editor-in-chief of Independent Agent magazine. Maldonado shares her journey from car sales into agency ownership and explains how educating her staff and the community creates a ripple effect of loyalty and success. “I always thought, if I ever had an agency, I would do things differently," she says. “A lot of agencies focus on selling a policy to be profitable, not on educating the Hispanic community." Today, Pronto Insurance is focusing on expanding into new states, entering new lines of insurance, and training licensed agents. As the majority of Pronto's clients and staff are Hispanic, Maldonado is making it her mission to educate her community about insurance and provide a stable, rewarding career for her staff. Find out how she expanded her team and wrote over $4.5 million in personal lines premium in 2022. Agency Nation Radio is where insurance professionals turn on the mic and share unscripted stories about leadership, technology, marketing, success, and failure—stories that helped make them the professionals they are today. From Main Street USA to the pages of Independent Agent—we've got the stories you want to hear. Maldonado was also featured in the September issue of Independent Agent. Check out her interview here or read the full issue online.

https://www.iamagazine.com/podcasts/an-radio-teaching-the-language-of-insurance-with-osiris-maldonado

Zopper Co-Founder & COO Mayank Gupta on 'Digital-First' approach in Insurance In this interview with ETBFSI, Mayank Gupta, Co-Founder & COO, Zopper forecasts some of the key developments shaping India’s insurance industry in the upcoming decade. He talks about what ‘Digital’ really means for consumers and insurers in India and how a ‘Digital-First’ approach brings transformative change for both stakeholders. Simplifying what ‘Digital’ really means for consumers and insurers in India today, he articulates how a ‘Digital-First’ approach brings transformative change for both stakeholders. In his observation, “A digital-first approach means having interventions of technology across the entire lifecycle of an insurance buying experience - be it selection of a program, the right underwriting or the right propensity model.” With emphasis on some of the salient innovations that are unfolding in the Indian insurance landscape, Mayank Gupta refers to the extent of technology usage driving them by sharing examples of how digital insurers are able to provide personalised telematic solutions and develop peer-to-peer insurance or contextual insurance. In his words, “Innovation and Technology are inseparable…Insurance is a very complicated product. Technology enables transparency, helps an insurer to understand customers.” Before the digital era, customers mostly relied on word-of-mouth campaigns to decide their insurance preferences. Today, social media plays a pivotal role in shaping their understanding and choices. On this aspect, he discusses the importance of harnessing social media to drive more awareness on insurance. With the insurance regulator IRDAI coming up with various new initiatives to open up the industry, pave the way for futuristic innovations and drive industry growth, Mayank Gupta shares his insights and outlook on the key trends that can shape India’s insurance segment in the next 10 years. Three decades ago, a customer buying insurance had limited understanding and more aptly, very limited choices of what seemed to be a simple transaction. As the conversation moves ahead, the Zopper Co-Founder & COO highlights specific aspects that have undergone significant changes since then and thus, shaped insurance into a more transformative, personalised and relevant force propelling social good today. (The ETBFSI Zopper NXT10 InsurTech Summit 2023 took place recently in Mumbai. To check out more details about the event, visit the NXT10 InsurTech Summit website.)

https://bfsi.economictimes.indiatimes.com/videos/zopper-co-founder-mayank-gupta-on-digital-first-approach-in-insurance/105413372

Bdeo, Visual Intelligence for insurance companiesLearn more Bdeo, Visual Intelligence for insurance companies Insurtech may not seem like the most exciting area in fintech — but investors are seeing dollar signs. Global VC investment in insurtech grew from $1.8bn in 2016 to $10.5bn in the first three quarters of 2021 alone. VCs also funnelled €2.7bn into European insurtech startups in 2021, minting six unicorns in the process including Marshmallow, the second Black-founded unicorn in the UK, and AI insurance startup Tractable. But what are the key areas for growth in the year ahead? We asked insurtech founders and CEOs to make their best claims. Anyone who has had to make an insurance claim knows what a massive pain it can be. Enter Bdeo, a Spanish insurtech that’s developed visual intelligence solutions that help to automate the underwriting and claims management process, specifically for property and motor insurance. VCs funnelled €2.7bn into European insurtech startups in 2021, minting six unicorns in the process Traditionally, policyholders have to wait for an assessor to come onsite and assess the damage, but Bdeo allows policyholders to collect evidence themselves through a self-guided process, speeding up the once-painful claims process. For home claims, the user sends in information and photographs of property damage, for example, which is then fed through Bdeo’s platform. “This allows us to identify insights such as the cause of the damage, lack of coverage within seconds, prioritise which claims should be attended first according to their severity and make a decision on the first professional who should attend to repair,” CEO Julio Pernía Aznar tells Sifted. “What makes our technology unique are two key things; on the one hand, the precision of our algorithms and their ability to provide actionable, automated and reliable outputs to simplify and speed up decision making. On the other hand, the usability. Bdeo solutions are really simple to use and do not require downloading any apps.” Another insurtech founder predicting 2022 as the year of AI is Freddy Macnamara, CEO of UK-based flexible motor insurance provider Cuvva. He says in the year ahead insurance will continue to digitise, and AI will only improve once-clunky processes. “The insurance industry has always relied on data predictions but now with access to so much more, insurtechs have a great deal of insights and are able to deliver offerings that are far more accurate,” Macnamara says. “We’ll see more AI, machine learning and internet of things (IoT) across the journey, from hyper-personalised policies to claims handling and fraud detection.” Other European startups making claims speedier are UK-based FloodFlash, which shells out immediate flood claim payments if sensors are triggered by rising water, and French-based insurtech Koala, which compensates its clients for travel disruptions like delayed flights, replacing the cumbersome claims process with an almost instantaneous digitised experience. Insurance is no stranger to personalisation — after all, charging premiums tailored to the size of the risk being insured against is what it’s is all about. But a notorious lack of industry transparency has led to a lack of trust towards insurers. Thanks to more intelligent solutions, personalisation will become even more important to insurtechs so they can get people the best coverage for the lowest cost, and replace antiquated industry forecasting with more transparency. “We’ll see more AI, machine learning and internet of things across the journey, from hyper-personalised policies to claims handling, and fraud detection” In car insurance, for example, Macnamara says prices and policies will be increasingly based on how long and how well someone drives instead of antiquated averages. This results in a fairer system. “For consumers, it means the better they drive, the less they’ll pay, giving them far greater control over their car insurance,” Macnamara says. “[With Cuvva] you no longer have the hassle and cost of installing a black box in your car. It’s now all managed from a sophisticated app on your phone with far superior data analytics. This ease will drive even more uptake in 2022, especially as drivers with this type of car insurance switched on see cheaper premiums.” Consumer behaviour is influencing insurtech in other ways. People are concerned about their carbon footprint and increasingly want to rent items rather than own them, and buy second hand. Ola Lowden Landström is founder and CEO at Omocom, a Swedish startup that provides insurance for the sharing and circular economy. Landström says demand for and availability of rented or refurbished products is growing and will force the insurance industry to rethink traditional warranties and guarantees. “From an insurance perspective, there is a threefold interest to push for sustainability. We can expect regulatory pressure towards insurance companies (and their B2B clients), damages caused by global warming will have a direct effect on loss ratios and consumer demand is booming” “As more and more companies move towards service oriented and pay per use business models, their insurance needs change quite dramatically. Risk calculations need to be calculated on the output value of products rather than their value on the balance sheet,” Landström says. Sustainability has become increasingly important to consumers and Landström hopes this trend will continue in the long term. “From an insurance perspective, there is a threefold interest to push for sustainability. We can expect regulatory pressure towards insurance companies (and their B2B clients), damages caused by global warming will have a direct effect on loss ratios and consumer demand is booming,” Landström says. When we think about the tech trends ahead for insurtech, we can’t leave out embedded insurance, which bundles and embeds insurance coverage and protections seamlessly into a platform, marketplace or ecosystem. While not new, embedded insurance is quickly heating up, with predictions putting it at an estimated $3tn opportunity. Major European players include Element Insurance, a Berlin-based digital insurtech valued between €71-106m, and Qover, a Belgian insurtech that allows ecommerce sites to add insurance into their checkouts with a single line of code. As consumers demand faster payouts and fairer pricing, insurance companies are facing increasing competition. “We are seeing manufacturers and distributors of multiple services creating and servicing their own insurance products,” Julio Pernía tells Sifted. “A couple of good examples are Amazon or Tesla that are now insuring the products they build and sell, and they are having very interesting traction. And we can see this in multiple other industries like technology manufacturers and travel agencies.” “We’ve all been speaking for years about how relevant digital transformation would be. But it was often overlooked that in order to transform, a business must undergo a complete organisation-wide change” And while competition is forcing innovation, and Pernía Aznar says the insurance industry has embraced digitisation, it still has some way to go. Digitisation is a constantly evolving process that needs commitment across companies, not just in the tech departments, in order to capture market share. “We’ve all been speaking for years about how relevant digital transformation would be. But it was often overlooked that in order to transform, a business must undergo a complete organisation-wide change,” Pernía Aznar says. “When these transformations eventually take place, we’ll realise that the world has already moved on. So, it’s a journey, not a project, not a one-time thing that happens in isolation.” Want to learn more about the UK home insurance market? Download Bdeo’s report on challenges and opportunities in 2022 here. Bdeo, Visual Intelligence for insurance companiesLearn more

https://www.internetofthing.online/internet-of-things/insurtech-had-a-record-year-whats-next-for-2022-insurtech-had-a-record-year-whats-next-for-2022/

We have designed, manufactured, and installed numerous State Farm signs. These signs include pylon signs, pole signs, wall signs, and channel letter signs. Here are some of the State Farm signs we have done. About State Farm State Farm is one of the largest insurance companies in the United States, offering a wide range of insurance and financial services to individuals and businesses. Founded in 1922 by George Jacob “G.J.” Mecherle, State Farm has established itself as a reputable and trusted provider of insurance products. With its headquarters located in Bloomington, Illinois, State Farm operates through a vast network of agents and representatives across the country, providing personalized service and support to its customers. The company’s mission is to help people manage the risks of everyday life, recover from unexpected events, and realize their dreams. State Farm offers various types of insurance coverage, including auto, home, renters, life, and health insurance. Additionally, they provide insurance options for small businesses, as well as banking and investment services. State Farm is known for its iconic advertising campaigns, featuring their slogan “Like a good neighbor, State Farm is there.” Their commercials often emphasize the importance of trust, reliability, and being there for customers in times of need. In addition to insurance products, State Farm is actively involved in community outreach and philanthropy. The State Farm Neighborhood Assist program provides grants to nonprofit organizations addressing community needs, and they have initiatives promoting education, safety, and environmental sustainability. State Farm has built a strong reputation in the insurance industry by providing comprehensive coverage, excellent customer service, and a commitment to giving back to communities.

https://www.floridasign.com/state-farm-signs/

In time for Pride Month, Canadian insurance mutual Beneva has announced that it is expanding its group insurance offering by adding coverage for gender-affirming surgery. The addition of a gender-affirming clause to the group health policy will cover for expenses from sex reassignment surgery that are not covered by the public insurance option. Beneva said that to be eligible, an insured must first be diagnosed with gender dysphoria. “This new clause reflects Beneva’s fundamental values of equity, diversity and inclusion. We are proud to support plan members who are transitioning,” said Beneva executive vice president of group insurance Eric Trudel. “Since our objective is to provide plan sponsors and members with the best coverage possible, it’s important for us to adapt our offering to meet their needs.” Also coinciding with Pride Month, Beneva announced that it had made a $50,000 donation to the Centraide of Greater Montreal’s Diversity, Equity, and Inclusion (DEI) Fund. The fund aims to help disenfranchised youth, including those with the LGBTQ2S+ community. In February, Beneva chose Vitech’s administration solution, V3locity, to serve as its new integrated administration platform. The insurer will use V3locity’s onboarding, policy administration, billing, and digital self-service (for employees, plan sponsors, and advisors) applications.

https://www.insurancebusinessmag.com/ca/news/breaking-news/beneva-adds-genderaffirming-surgery-coverage-409764.aspx

Columbus, Ohio, October 27, 2015: Normandy Insurance Company, Inc. has earned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing. FSRs summarize Demotech's opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace. Normandy Insurance Company (www.normandyins.com) is committed to being recognized as the premier provider of innovative, cost effective workers' compensation solutions for Florida small and mid" size business owners. Founded in 2008, Normandy has grown to be one of the preferred Florida workers' compensation insurance providers for select general lines of business. The company is headquartered in Deerfield Beach, Florida. Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.

https://www.normandyins.com/press-release/demotech-rating-10-15

Arnold Machinery is a well-known company in the machinery industry that has been serving customers for over 90 years. With locations throughout the Western United States, Arnold Machinery provides sales, service, and rentals for a wide range of equipment, including forklifts, cranes, and construction equipment.Here, we will focus on the Arnold Machinery location in Las Vegas, Nevada and explore the various services and equipment they offer. Introduction to Arnold Machinery Las Vegas, Nevada Arnold Machinery’s Las Vegas location has been serving the Southern Nevada area since 2004. The Las Vegas location is situated in the northern part of the city, making it easily accessible to customers coming from any direction. As a full-service dealership, the arnold machinery las vegas nevada location provides sales, service, and rentals for a wide range of machinery and equipment, including forklifts, cranes, construction equipment, and more. Equipment Sales at Arnold Machinery Las Vegas, Nevada Arnold Machinery Las Vegas, Nevada offers a large inventory of new and used machinery and equipment for sale. Their selection includes everything from heavy-duty equipment to smaller machines, ensuring that customers can find the right equipment to fit their needs and budget. Arnold Machinery has a team of experienced sales professionals who can help customers find the perfect piece of equipment for their business. In addition, Arnold Machinery offers flexible financing options, making it easier for customers to purchase the equipment they need. Service and Repair at Arnold Machinery Las Vegas, Nevada Arnold Machinery’s Las Vegas location has a team of certified technicians who can provide maintenance and repair services for all types of machinery and equipment. Whether it’s routine maintenance or a major repair, customers can trust the team at Arnold Machinery to get their equipment up and running as quickly as possible. The Las Vegas location also offers 24/7 emergency service, ensuring that customers can get the help they need at any time. Equipment Rental at Arnold Machinery Las Vegas, Nevada In addition to equipment sales and service, Arnold Machinery Las Vegas, Nevada offers a wide range of equipment rentals. Their rental fleet includes forklifts, cranes, construction equipment, and more. Rental equipment is available on a daily, weekly, or monthly basis, providing customers with flexibility to rent equipment for as long as they need it. Arnold Machinery also offers delivery and pick-up services for rental equipment, making it easier for customers to get the equipment they need to their job site. Training and Safety at Arnold Machinery Las Vegas, Nevada Arnold Machinery is committed to providing their customers with the training and resources they need to operate their machinery and equipment safely and effectively. The Las Vegas location offers a variety of training programs, including operator safety training, forklift training, and more. These programs are designed to help customers operate their equipment safely and efficiently, reducing the risk of accidents and injuries on the job site. Arnold Machinery is a leading supplier of material handling and construction equipment in Las Vegas, Nevada. The company has been in operation since 1929 and has established a reputation for providing top-quality equipment and excellent customer service. With a wide range of products and services, Arnold Machinery is the go-to destination for businesses in need of reliable equipment and machinery. History of Arnold Machinery Arnold Machinery was founded in 1929 by James J. Arnold as a small equipment rental company in Salt Lake City, Utah. The company quickly expanded its operations and established a reputation for providing top-quality equipment to businesses across the western United States. In the 1940s, Arnold Machinery began to focus on material handling equipment, becoming a distributor for Hyster forklifts. This partnership helped Arnold Machinery grow its business significantly, and the company continued to expand its product line in the following decades. Today, Arnold Machinery is one of the largest distributors of material handling equipment and construction machinery in the western United States. The company has multiple locations throughout Nevada, Idaho, Utah, Wyoming, and Arizona, and offers a wide range of products and services to businesses in the construction, mining, and industrial sectors. Products and Services Offered by Arnold Machinery Arnold Machinery offers a wide range of products and services to businesses in need of material handling and construction equipment. Some of the products offered by the company include: Forklifts: Arnold Machinery is a distributor for several leading forklift brands, including Hyster, Yale, and Taylor. The company offers a wide range of forklifts, including electric and diesel-powered models. Construction Equipment: Arnold Machinery offers a wide range of construction equipment, including backhoes, excavators, loaders, and skid steers. The company also provides equipment rentals for businesses that need temporary machinery. Parts and Service: Arnold Machinery offers a comprehensive parts and service department that provides support for all the products the company sells. The company’s technicians are factory-trained and can provide repairs, maintenance, and installation services. Industrial Equipment: In addition to forklifts and construction equipment, Arnold Machinery also offers a wide range of industrial equipment, including industrial sweepers and scrubbers, air compressors, and generators. Why Choose Arnold Machinery? There are several reasons why businesses in Las Vegas and beyond choose Arnold Machinery for their material handling and construction equipment needs. Some of the key benefits of working with Arnold Machinery include: Top-Quality Products: Arnold Machinery offers a wide range of products from leading brands, ensuring that businesses receive top-quality equipment that is built to last. Experienced Technicians: The company’s technicians are factory-trained and have extensive experience working with the equipment they service. This ensures that businesses receive prompt and reliable service when they need it most. Comprehensive Parts and Service: Arnold Machinery’s parts and service department offers comprehensive support for all the products the company sells, providing businesses with a one-stop-shop for all their equipment needs. Competitive Pricing: Arnold Machinery offers competitive pricing on all its products and services, ensuring that businesses can get the equipment they need at an affordable price. Wide Range of Products: With a wide range of products and services, Arnold Machinery can meet the needs of businesses in a variety of industries, from construction and mining to manufacturing and distribution. Arnold Machinery is a leading supplier of material handling and construction equipment in Las Vegas, Nevada. With a long history of providing top-quality products and services, the company has established a reputation for reliability and customer service excellence. Whether businesses need forklifts, construction equipment, or industrial machinery, Arnold Machinery has the expertise and resources to meet their needs.

https://stroudfestival.co.uk/arnold-machinery-a-trusted-heavy-equipment-dealer-in-las-vegas/

HL Assurance has been named as Winner in Best Travel Insurance in the TripZilla Excellence Awards – which was voted by members of the public and judged by TripZilla’s team. It was announced by TripZilla on 21 October 2016. The TripZilla Excellence Awards honour the most outstanding travel companies and organizations for excellence in service, innovative travel experiences and business practices. With this award, HL Assurance continues to be recognized for its Best Travel Insurance product and customer service. The Company understand the needs of their customers and would continue to provide adequate coverage when they go on their holidays. Travel Protect360 comes in both Single Trip and Annual Plan. Its winning elements include unlimited emergency benefit, high overseas medical coverage, an extensive coverage on travel inconvenience and worldwide accident protection. For more information on the Tripzilla Excellence Award 2016, visit: https://www.tripzilla.com/tripzilla-excellence-awards-2016-winners/47890 About HL Assurance HL Assurance is a member of Hong Leong Group, a leading conglomerate with diversified businesses in banking and financial services, manufacturing and distribution, property development and investments, hospitality and leisure, and principal investment with presence in Asia, Europe, North America, and Oceania. We are a licensed general direct insurer and also a member of the General Insurance Association in Singapore. Our products are designed in business owners and consumers’ mind to provide comprehensive coverage that suits our customers’ needs. Find out more about our product range such as Travel Insurance, Car Insurance, Mobile Phone Insurance, Small Medium Enterprise Insurance, and Workmen Compensation Insurance at www.hlas.com.sg. By Pang Wee Ya

https://www.hlas.com.sg/winner-of-best-travel-insurance-tripzilla-excellence-award-of-the-year-2016-for-second-consecutive-year/

Insurance Regulatory Authority, (IRA) in Uganda on Tuesday revealed is in its final stages of concluding preparations for the Insurance Product Innovations Awards. These awards are slated for March 11th, 2022, and will begin at 2:00 pm, at Serena Hotel Conference centre, Kampala. The programme is also intended to reward key distinguished innovators in the sphere of insurance in Uganda. The Annual Insurance Innovation Awards are also a purpose-driven initiative by IRA, that is committed to developing and professionalizing insurance in Uganda. IRA is looking for ways to motivate, facilitate and promote sector product innovation and developments, through recognizing players that have been more innovative than others. Worth noting, the initiative is tailored towards motivating sector players in executing various specific roles to harness the insurance potential in Uganda. Key contenders in this awards programme will be various agencies that have strategically established themselves as leaders in technology, regarding insurance related activities. Other agencies, that have in the past exhibited unique and distinguished abilities in trying to inspire others embrace insurance initiatives will also take part. While announcing the preparations for the ceremony slated for next month, the Chief Executive Officer for IRA Alhajj Ibrahim Lubega Kaddunabbi said this arrangement is hinged on the need to inspire the Ugandan population embrace insurance initiatives. He also explained that it is intended to sensitize the population on ways to bypass colossal losses they incur in their businesses, due to limited knowledge on insurance policies. “These awards are categorised into five. The first category encompasses insurance service providers, who are further divided into two, that is to say; life and non life insurance. Winner in each of these will be rewarded. The second category will be comprised of brokers. As you all know, brokers are very crucial in executing insurance innitiatives, and the winner will be rewarded,” said Khadunnabbi. “The third category will entail bank assurance agents, or insurance oriented banks. We have to carefully examine these banks, and reward the winner. The fourth category will involve insurance agents. These conduct door to door operations, and ensure that insurance initiatives are extended to grass root level individuals,” he added. The awards programme takes place every year, and several technological insurance innovators have been rewarded. On December 11th, 2020, Excel Insurance Company, Legacy Insurance, Housing Finance Bank among others, were awarded by IRA for their roles in steering the growth of a technology-based insurance sector. Do you have a story in your community or an opinion to share with us: Email us at [email protected]

https://www.timeplusnews.com/news/insurance-sector-players-to-reap-big-from-annual-awards-gala/

In January 2024, Ukraine reached a record level of physical exports during the large-scale invasion, with 12 million tonnes of products exported by domestic producers. Also in January, for the first time, a vessel insured against war risks under the UNITY insurance policy created by the Ukrainian Government together with partners was involved in export operations, said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine. “We are very close to reaching pre-war physical export volumes. In January 2024, Ukraine exported 12 million tonnes of products. This is only two million tonnes less than in pre-war January 2022. Of these, 8.7 million tonnes were exported by sea,” Yuliia Svyrydenko said. According to the First Deputy Prime Minister and Minister of Economy, the prospects look no less optimistic. Last month, the first vessel insured against war risks under the UNITY insurance programme was loaded in the ports of Greater Odesa. The cost of insurance for this vessel was 0.75% of the vessel’s value, which is significantly cheaper than during the BCGI period. “The normalisation of the insurance market in trade is a cornerstone element of the resumption of exports of value-added products. Our goal is to reach not only pre-war export volumes, but also higher revenues. This will be possible when Ukrainian exporters are able to freely ship containers by sea. And this will only be possible when the insurance market for maritime transport recovers. That is why it is so important for us that insurance becomes more affordable and is actually used to export Ukrainian products,” said Yuliia Svyrydenko. As a reminder, the Unity ship insurance programme, which the Government of Ukraine is implementing jointly with Marsh McLennan and a pool of insurance companies led by ASCOT, is designed to reduce the cost of insurance for the maritime transport of grain and other important food products in Ukraine’s territorial waters, which will help to increase the volume of Ukrainian exports. The total coverage under the programme is USD 50 million. It is estimated that the proposed insurance mechanism will reduce the cost of grain insurance by about 2.5 percentage points of the insurance tariff on average, which will allow grain traders to save about UAH 100-140 per tonne of cargo, and will bring additional UAH 4 billion to agricultural producers. Ukraine expects that similar insurance instruments will be extended to other types of exports in the future.

https://www.kmu.gov.ua/en/news/u-sichni-ukraina-postavyla-rekord-eksportu-pid-chas-viiny-iuliia-svyrydenko

To drive strategic growth in the Excess & Surplus (E&S) Casualty market, Adam Pancoast has been named to lead the E&S Primary Casualty business of Ironshore, a Liberty Mutual company. Liberty Mutual Insurance, the nation’s sixth-largest provider of personal lines property and casualty insurance, has launched Comparion Insurance Agency. Liberty Mutual Insurance President Tim Sweeney Participates in 2021 United Nations World Investment Forum Liberty Mutual Insurance President Tim Sweeney participated in this year’s World Investment Forum hosted by the United Nations Conference on Trade and Development. Liberty Mutual Insurance Appoints Neal Bhatnagar Executive Vice President, Major Accounts Casualty, Global Risk Solutions Neal Bhatnagar has been appointed Liberty Mutual Insurance Executive Vice President, Major Accounts Casualty, Global Risk Solutions (GRS), effective Nov. 8, 2021. Liberty Mutual Insurance Receives Accolades for Employee Engagement and Programing, Corporate Citizenship and Business Operations Over the past quarter, Liberty Mutual Insurance has been recognized by multiple organizations and publications for its continued commitment to employees, corporate citizenship and business operations. The awards highlight Liberty Mutual’s continued efforts to support their employees, customers and communities at large. UK Insurers Can Now Access Helmsman Management Services, A Leading US Third-Party Administrator, For Their Customers With US Operations London Market insurers with exposure to US Property & Casualty and Specialty lines can now access the award-winning claims and legal management services of Helmsman Management Services (Helmsman), a third-party administrator (TPA) wholly-owned by Liberty Mutual Insurance, which has recently been given Delegated Claims Administrator status by Lloyd’s of London. Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, published its 2021 M&A claims briefing today. This is the second annual briefing based on the company’s analysis of Liberty GTS’s own M&A insurance claims for the past decade. Liberty Mutual Insurance announced today its commitment to a 50% reduction of Scope 1 and 2 global greenhouse gas (GHG) emissions from 2019 levels by 2030, taking another step in its long-term strategy toward a low-carbon future. To reach these goals, Liberty Mutual will continue to decrease its operational carbon footprint by taking actions to increase operational efficiencies and identifying renewable energy opportunities across its real estate portfolio. Liberty Mutual and Safeco Insurance Catastrophe Teams Mobilized to Assist Customers with Hurricane Ida Claims To help customers promptly and safely recover from the devastating damage of Hurricane Ida, Liberty Mutual and Safeco Insurance are actively mobilizing their deep field and telephonic claims resources to promptly assist home, auto and business customers that were impacted. Liberty Mutual Holding Company Inc. and its subsidiaries (collectively “LMHC” or the “Company”) reported net income attributable to LMHC of $769 million and $1.625 billion for the three and six months ended June 30, 2021, versus net loss attributable to LMHC of $320 million and net income attributable to LMHC of $199 million for the same periods in 2020.

https://www.libertymutualgroup.com/about-lm/news/news-release-archive?page=8

OneDegree secures funding from Dubai Insurance to offer digital asset insurance By Delisha Fernandes OneDegree, a Hong Kong-based licensed insurer for digital assets, has partnered with Dubai Insurance Company to offer digital asset insurance in the United Arab Emirates (UAE). The new partnership between OneDegree and Dubai Insurance Co. will begin by offering commercial liability insurance, specifically professional indemnity and directors & officers insurance. The two parties will then work together to seek regulatory approval for further products that are new to the UAE market, especially custodial wallet insurance. Moreover, and as part of the same partnership, Dubai Insurance Co. has made a strategic investment in OneDegree’s Series B funding round. Alvin Kwock, Co-Founder of OneDegree, said, “We are delighted to partner with Dubai Insurance Co. to bring OneInfinity to the MENA region. OneInfinity products are helping some of the world’s best web3 companies to grow their businesses in a secure and compliant manner. With MENA, and especially the UAE, continuing to grow and attract leading digital asset companies, OneInfinity and Dubai Insurance Co. are a natural fit to identify and support good actors.” It is noted that Middle East and North Africa (MENA) has been steadily building a reputation as a leading web3 region for many years. Abu Dhabi Global Markets was one of the first jurisdictions to introduce regulations for digital asset companies. Now Dubai has followed suit with the launch of VARA, the world’s first independent digital asset regulator. Thus, OneDegree sees Dubai Insurance, one of the UAE’s leading insurance companies, a perfect partner for the firm Abdellatif Abuqurah, CEO of Dubai Insurance Co., said, “The UAE is a pioneer in the digital asset space. We are honoured to play our part in this development with our new partner, OneDegree. The OneInfinity products are a perfect complement to our existing business-focused offerings. Dubai Insurance is proud to be UAE’s first national insurance company with many decades of history, but we also pride on our commitment to innovation. By working with OneDegree to bring web3 insurance products to the market, Dubai Insurance Co. will be at the cutting edge of global insurance innovations.” IBSi Daily News Analysis February 23, 2024 Regulated firms battle surge in financial crime attempts, research revealsRead More IBSi FinTech Journal - Most trusted FinTech journal since 1991 - Digital monthly issue - 60+ pages of research, analysis, interviews, opinions, and rankings - Global coverage Other Related News February 23, 2024

https://ibsintelligence.com/ibsi-news/onedegree-secures-funding-from-dubai-insurance-to-offer-digital-asset-insurance/

Alumni Service Hall of Fame 2014 - 2015 Inductees Tom Connor '80 Connor began his career with Sentry Insurance Company in 1980 after receiving is B.S. in Occupation Safety & Health in 1980 from Illinois State University. After 5 years in the Safety field Connor went into the Insurance Brokerage field with Frank B. Hall & Co. (now Aon Corp.). In 1987 he became part of the team that formed Consolidated Brokers, Inc. in Chicago as a division of the Alliance Insurance Group. In 1997 after 5 years as the Chief Operating Officer, Connor left and joined with Dan Gallagher as one of the founding partners of Connor & Gallagher Insurance Services, Inc. Since that time Connor & Gallagher as grown to 3 companies and become one of the premier commercial insurance agencies in the Midwest. Connor & Gallagher is a leading provider of Property/Casualty, Employee Benefits and Financial Services with over 50 employees and $100 Million in premium placements. Throughout his career Connor has served in several capacities on the boards of civic, not for profit and insurance industry boards. He has also participated with the advisory council for the Katie School of Insurance at Illinois State University. Daniel E. Gallagher '81 Gallagher is one of the owners and founding partners at Connor & Gallagher Insurance Services, Inc., based in Lisle, Illinois. Connor & Gallagher was started in 1997 by Tom Connor and Dan Gallagher. Today Connor & Gallagher has grown to a staff of over 50 insurance professionals that handles a book of business that exceeds $100,000,000 in annual premiums. Gallagher earned a Bachelor’s degree in Occupational Safety & Health from Illinois State University in 1981. He then went to work for Sentry Insurance in the Safety field. Ironically it was at Sentry Insurance working in Safety that he met Tom Connor whom he eventually went on to open Connor & Gallagher Insurance Services with some 16 years later. Gallagher worked in the Safety field with Sentry Insurance for approximately three years before transitioning into insurance sales. He stayed with Sentry Insurance another 10 years in direct sales before taking a position with Arthur J. Gallagher working in commercial insurance brokerage. He spent three years at Arthur J. Gallagher before leaving to open Connor & Gallagher Insurance Services, Inc. in 1997. Gallagher has always remembered his roots at Illinois State University. He has served as a Board member for The Katie School of Insurance for many years and has helped many Katie School graduates find employment opportunities as well as helping them get started in the insurance profession.

https://business.illinoisstate.edu/alumni/hall-of-fame/service2015/

November 5, 2021 EIP CEO Ross Sinclair speaks to Business Reporter: The Future of Insurance In the ‘Future of Insurance’ report by Business Reporter, EIP’s CEO Ross Sinclair and Rachel Hicks discuss how EIP are designing InsurTech solutions from ‘the customer up’, what EIP are doing to transform the industry through digital-first solutions, and the benefits traditional insurance companies can expect from embracing InsurTech innovation. Designing InsurTech from ‘the customer up’: a win-win for the insurer and the customer With traditional insurance companies having a reputation for cumbersome sign-up processes and longer claim handling times, InsurTech companies like EIP play a significant role in helping to transform the insurance industry, while delivering a vastly improved customer experience. Digital transformation however, does not only benefit the end customer. Traditional insurance companies, that scale with InsurTech will benefit from driving higher margins, more efficient operations and increased competitive advantage. Read the full report on Business Reporter If you would like to find out more on the future of insurance, head over to Business Reporter where Ross shares his thoughts on: - Why insurers are not uniquely at fault for the negative customer perceptions of insurance - Why insurance companies need to break with traditional approaches towards pricing - What EIP have done to give end customers an all-round better experience - Why insurers, who embrace technology designed from ‘the customer up’, will succeed Watch the whole interview EIP Limited is the market-leading provider of white-labelled Insurtech software and a plug and play digital market place to enable leading corporates to offer insurance and subscription products to their end customers. The company enables subscription-based insurance providers to reduce costs, maximise profits and upgrade their digital customer experience. Our clients include some of the largest mobile communications, banks and Insurance companies in the world

https://eip.tech/news/eip-ceo-ross-sinclair-featured-in-business-reporter-the-future-of-insurance/

’The launch of our intangible assets team is a natural progression for Arch,’ says chief executive Arch Insurance International has taken an underwriting team from Aon to form a new intangible assets division, a statement released yesterday (8 November 2023) said. The new arm will see the five-person team offer a range of insurance solutions that provides comprehensive protection to businesses in the market. Coverage will be provided to organisations of all sizes for several risks, including intellectual property (IP) infringement exposures, contractual liabilities, invalidation and business interruption. Hugh Sturgess, chief executive of Arch, said: “The launch of our intangible assets team is a natural progression for Arch as we continue to expand our professional lines offerings. ”We see significant opportunities for growth in this class and are well positioned to offer our brokers and mutual clients comprehensive solutions to respond to the evolving risks to their intangible assets.” Arch took the team from Aon after agreeing to acquire certain assets of its IP liability managing general agent (MGA) business. The group will be based in London and be led by Ian Lewis, with him taking up the role of head of intangible assets. The underwriting team also includes Justyn Hardcastle, senior underwriter, Carys Bickmore, underwriter, Ben Kemsley, underwriter and Chris Sclimenti, a US-based senior underwriter who will work closely with the London team. Lewis Lee, chief executive of Aon’s Intellectual Property Solutions, said: “We are very proud of the underwriting team and how they have helped Aon continue to develop the IP Liability Insurance market over the last few years. In an innovation-driven growth economy, solutions involving IP assets represent a significant opportunity for Aon and the insurance industry globally. ”We will continue to focus on broking the full mix of IP solutions for our clients – which includes continuing to grow our IP Liability business.” Interested in all things insurance technology and insurtech. Writer of the monthly TechTalk section of the magazine and backchat. When not writing can be found doing yoga, at some kind of dance workshop, singing, globetrotting, or baking – not in any specific order.View full Profile

https://www.insurancetimes.co.uk/news/arch-snaps-up-aon-team-to-launch-intangible-assets-division/1446068.article

Internalization of IoT-telematics technology will drive Carrot to further expand applications of IoT across new insurance business opportunities IoT technology will accelerate transformation of insurance as it will empower preemptive detection of risks and real-time communication with customers SEOUL, South Korea, May 20, 2022 /PRNewswire/ — Carrot (“Carrot” or the “Company”) and Luxrobo announced today the establishment of a Joint Venture (JV) that brings together two premier tech companies from the field of digital insurance and IoT-technology. Together they operate as Lucky Box Solutions Inc. to deliver the most optimized IoT systems and telematics devices while positioning itself as the leader of InsurTech, industry that has become the noise of the town in recent years. Both companies have established proven track records of providing innovation in emerging sectors and are poised to offer cutting-edge solutions in the areas of Artificial Intelligence, Machine Learning, Data Interoperability, Analytics and Processing, and Internet of Things while providing risk prevention and insurance protection services. Carrot has made a name for itself over the past few years by providing modernized insurance service to the consumers of South Korea with its customer-centered design of Pay-Per-Mile auto insurance product. As seen with its top-tier customer retention, customers are highly praising for its fair and transparent pricing, month-end payment term, IoT-driven emergency and other value-added services, and cash incentive program that rewards customers based on their safe-driving scores. The insurance landscape has been transforming over the years through the adoption of technologies and tech-embracing insurers are disrupting the legacy industry with changes across vectors of customer experience, distribution experience and product and pricing innovation. For an instant, IoT-infused insurance data analytics may monitor health or behavioral data, predictively calculate risk, and provide preventive measures before incidents are accounted. Whereas, legacy insurance has only been relying on the past insurance records and statistical data, which are far limited and inaccurate in terms of risk prediction. Through the recent JV formation, Carrot plans to absorb and internalize IoT technology, and expand the scope of IoT application across other insurance business opportunities, such as pet and mobility, while deploying exceptional quality control and fulfillment of supply chain of Carrot’s IoT-telematics devices. About Carrot General Insurance Corp. Based in Seoul Korea the company was established through a JV partnership with some of the big-name investors, including Hanwha, SK Telecom, Hyundai Motor Group, Altos Ventures, and Stic Investments. Being the nation’s first fully-licensed 100% digital insurance carrier, Carrot has been disrupting the market with innovative products and has outpaced its global peers in terms of the speed of acquiring customers to its usage-based insurance program. The company’s successful footprint owes itself to strong customer value propositions, including easy and accessible insurance, transparent premiums, AI automated accident registration and prompt dispatch of help services all made possible via proprietary technology. The company is also pursuing business in Pay-As-How-You-Drive auto insurance, which assesses the premiums as per customer’s driving patterns and behavior through sensor data analytics. In line with the company’s open innovation strategy, Carrot has 100+ national & international partnerships, including South Korean government unit that oversees national highways and traffic controls.

https://techmusea.com/tech-news-en/carrot-and-luxboro-launch-iot-joint-venture/

LONDON-Friday 11 December 2020 [ AETOS Wire ] (BUSINESS WIRE)-- Moody’s Analytics today announced that Standard Insurance Limited, the insurance arm of Johannesburg-based Standard Bank Group and one of South Africa’s leading insurance providers, has selected the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution to support its adoption of the new IFRS 17 accounting standard. Standard Insurance Limited will use the RiskIntegrity for IFRS 17 solution as a software-as-a-service (SaaS) offering, allowing the firm to deploy the software immediately and accelerate its IFRS 17 implementation while benefiting from greater flexibility and ongoing cost savings. The IFRS 17 standard represents a significant change in the financial reporting of insurance contracts. Insurers across Africa and around the world must implement systems that support the standard’s new calculations and reporting requirements. The RiskIntegrity for IFRS 17 solution connects data, models, systems, and processes between actuarial and accounting functions, helping Standard Insurance Limited meet the new financial reporting obligations. “Given the complex nature of IFRS 17, it was essential that we select a provider with unrivaled data management capabilities and a robust calculation engine for managing the new requirements, as well as a proven track record of working with insurers in Africa. Moody’s Analytics ticked all of those boxes,” said Dr Nolwandle Mgoqi-Mbalo, Chief Executive at Standard Insurance Limited. “Using a SaaS solution removes several challenges related to maintenance and upgrades, since Moody’s Analytics manages the IT infrastructure and all of the software maintenance.” “Developing new processes and implementing new systems to account for insurance contracts under IFRS 17 continues to be a priority for insurers in Africa,” said Christophe Burckbuchler, Managing Director at Moody’s Analytics. “Early adopters, such as Standard Insurance Limited, are looking for solutions that are quick to deploy, and can be efficiently scaled to meet the demanding data volume and performance requirements of the standard. Our solution, which integrates with Standard Insurance Limited’s existing actuarial and finance systems, offers out-of-the-box functionality, providing the organization with immediate usability. We look forward to working with Standard Insurance Limited, as they progress towards the IFRS 17 effective date.” Earlier this year, Moody’s Analytics won IFRS 17 Solution of the Year and four other categories at the InsuranceERM Awards. Learn more about the Moody’s Analytics suite of IFRS 17 solutions, and associated actuarial, risk, and finance solutions for insurers. About Moody’s Analytics Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter or LinkedIn. Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.8 billion in 2019, employs approximately 11,400 people worldwide and maintains a presence in more than 40 countries. About Standard Insurance Limited Standard Insurance Limited (SIL) is a wholly owned subsidiary of Standard Bank Group (SBG) Limited. SBG is listed on the JSE Securities Exchange of South Africa. SIL is incorporated and domiciled in South Africa. Its principal activity involves the provision of short-term insurance. View source version on businesswire.com: https://www.businesswire.com/news/home/20201210005325/en/ Moody’s Analytics Communications Moody’s Analytics Media Relations Permalink : https://www.aetoswire.com/news/standard-insurance-limited-becomes-latest-african-firm-to-select-moodyrsquos-analytics-ifrs-17-solution/en

https://africananalyst.blogspot.com/2020/12/standard-insurance-limited-becomes.html

Printing internal designs on umbrellas is a highly respected design trend whereby various designs are printed on the inside of the canopy. We use digital printing technology to ensure that the detailed design of the motifs is clearly displayed on the inside of the umbrella. This internal graphic printing can be a wide variety of designs that combine the brand concept with the umbrella. This design of printing graphics on umbrellas is highly preferred by real estate brokers, tourist attractions, and real estate developers with multiple developments. Printing graphics on umbrellas is a carefully planned process. Umbrella panels are cut to specific sizes prior to digital printing. Using digital printing to display graphics on umbrellas is the best way to ensure that the details of the graphics are clearly displayed. Once the pattern is printed on the umbrella, the umbrella panel is perfectly matched at the seams and hand stitched by machine onto the umbrella bone. This is a careful and patient process to ensure that the pattern is accurately rendered on the umbrella, whether it is a road, river, building or place name that is clearly visible on the canopy. A popular format for printing internal graphics on umbrellas involves using solid color blocks on the outer layer of the umbrella. Once the umbrella is opened, the interior pattern printing is revealed. Whether you need to print complex or simple graphics, we have the ability to meet your needs. By using digital printing methods and sewing, we are able to produce high-quality umbrellas that bring patterns to life. Hfumbrella is an expert in umbrella manufacturing and superb customization. Our umbrellas are of exceptional quality and come with a one-year warranty (as standard). This provides you with a guarantee of the quality of your umbrella. We manufacture a wide range of umbrellas, including golf umbrellas, walking umbrellas, and folding umbrellas. Decorative options for customized umbrellas vary widely. Some examples include Pantone matching, digital printing, full printing, and double canopy printing. These umbrella customizations provide an excellent starting point for personalizing your branded umbrellas. Full-face printing and double canopy printing allow you to apply different designs to your umbrellas’ interior and exterior canopies. At the same time, Pantone matching ensures that the correct branding palette is applied to the umbrellas. Graphic printing on umbrellas is a unique and popular customization option, especially popular with property developers and real estate and hospitality clients. Other ideas for personalized umbrellas include custom umbrella handles, colored umbrella shafts, colored accessories, and patterned tape on umbrellas.

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Vaaler Insurance is a locallyowned, third-generation family business employing over 80 team members across four locations in North Dakota and Minnesota. Josh Persons has been a part of the Vaaler team since 2019. His specialty is developing solutions that are specific to each client’s unique situation and needs. The Fargo native enjoys hunting and fishing and was a professional golfer before he began his career as a risk advisor. As an independent insurance agency, Vaaler Insurance represents many of the nation’s leading insurance companies to provide commercial and personal insurance, employee benefits, and risk management services to clients across the upper Midwest. In 2022, Vaaler Insurance will celebrate its 75th year in business! Vaaler’s Commercial Insurance department can assist with almost any type of business insurance need and their specialty divisions in Construction, Healthcare, Manufacturing, Non-Profits, Senior Care, Schools and Universities, Transportation, and Tribal Nations can bring a higher level of expertise specific to these industries. “The service capabilities of our team are what separates us from the pack,” says Persons. “From our coverage analysts to specialists in clinical risk, claims management, safety and loss control, and workers’ compensation; if you’re about continual improvement, our team can help.” Vaaler’s capacity to have a different conversation, beyond the insurance product, and their ability to deliver comprehensive risk management strategies is what truly makes a difference for their clients. 4803 38th St S Ste 101 Fargo, ND 58104

https://facesoffargo.com/face-of-commercial-insurance-josh-persons-vaaler-insurance/

At Vanasek Insurance, we treat our clients like family. Your prosperity is our #1 priority and we take a hands-on approach to developing a comprehensive asset protection program for your business. You’ll work one-on-one with our experienced team to develop a risk management and protection plan that’s right for you. With over 20 years experience, Vanasek Insurance is a trusted provided of insurance products for corporations of all sizes. We pride ourselves on our ability to provide exceptional top-down coverage plans that save you money and offer you peace of mind. Vanasek Insurance is your trusted insurance provider. Whether you’re a small, medium or enterprise business, we will work with you to find coverage that best suits the needs of your business with a plan that fits your bottom line. As an independent insurance brokerage, Vanasek Insurances offers a hands-on approach and a level of accountability and accessibility that is unprecedented. Organizations and individuals face several cyber risks that could have devastating consequences. Take our free cyber liability assessment now to find out if your website has vulnerabilities, and learn what you can do to get safe. Our clients know that we are there for them whenever disaster strikes. Vanasek Insurance offers a white glove level of service that’s just a click or call away. Anytime. Anyplace. Know that your business and your interests are always protected and in our best interest when the unthinkable happens.LEARN MORE At Vanasek Insurance, we don’t just plan for risk – we plan for gains. Our customized insurance programs are completely tailored for your business and your future growth plans. Partner with us and we’ll help you protect your pathway to success. Medicare is a health insurance program covering those aged 65 and above and younger individuals with disabilities. It has various parts, including Part A, B, and D. It’s essential to know the eligibility criteria andREAD MORE Contact us to join Vanasek today.

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Re, a blockchain-powered reinsurance company, raised $14 million in seed-round funding to build a decentralized system that aims to fill a function similar to the Lloyd’s of London insurance market, the company said in a statement Wednesday. Tribe Capital, Defy, Exor, Stratos, Framework, Morgan Creek Digital and SiriusPoint participated in the round, alongside a number of angel investors. Built on the Avalanche blockchain, Re’s protocol allows retail investors and cryptocurrency holders a way of backing insurance policies. The reinsurer works with underwriting teams, known as syndicates, to evaluate the financial merits of insurance programs brought to the protocol, it said. “We’re building a decentralized global insurance transaction layer that settles any kind of insurance risk in a way that’s transparent to regulators, partners and investors,” CEO Karn Saroya said in a statement. Re has assessed more than $300 million in potential premium from insurance programs, it said, and will use the new funding to expand its reinsurance underwriting pipeline. The company is looking for underwriters and actuaries to apply for syndicate roles on the protocol, and has already appointed Joe Gaito and Jason Hoffman of Freedom Re Underwriters as its first independent syndicate. David Hampson, former CEO of Willis Programs – a unit of global insurance broker Willis Group Holdings – has joined the company as a strategic adviser and independent board member, Re said. “For members who provide capital, they earn uncorrelated yields that are comparable to high yield fixed income,” Saroya said. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

https://www.coindesk.com/business/2022/09/28/blockchain-powered-reinsurer-re-raises-14-million-seed-round-to-build-decentralized-market/

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View definitions for coverage As many critics noted, the Times has occasionally spelled out the n-word in its coverage. Much international coverage of Ethiopia last week focused on its request for debt relief under a new framework agreed to last year by the Group of 20 countries, including China. Two weeks ago, the president ordered the reopening of the ACA’s federal insurance marketplaces for three months to give people who need coverage during the pandemic an extra chance to buy health plans. All of the media coverage at the time was about things like long-distance telephone competition, because that’s where the lobbyists were. Just over a year ago in our coverage of the 2019 venture capital market, we noted that “United States-demarcated angel and seed deals dipped in 2019.” France 24 is providing live, round-the-clock coverage of both scenes as they progress. France 24's coverage of two developing hostage situations in Paris on Friday. Much of the media coverage around eating disorders surrounds celebrities and models. Jason Berry received a 1992 Alicia Patterson Fellowship for his coverage of demagogues in Louisiana. During coverage of that issue, Farrell went on a WSMB AM radio talk show to defend Duke. He took it to one of the cubicles, whose door he locked from the inside, setting up full coverage. Five would be used to maintain 24-hour coverage in the PRS which is not presently in force because of lack of personnel. In the first place, the coverage required is for 24 hours a day. The figures, considering physiographic differences and varying coverage by ethnographers, are quite consistent. Hence, Council events generally make headlines and get wide coverage on radio and television. On this page you'll find 14 synonyms, antonyms, and words related to coverage, such as: analysis, insurance, report, broadcasting, description, and indemnity. From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

https://www.thesaurus.com/browse/coverage

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By Russ Banham Among the hundreds of startups in the burgeoning field of insurtech—technology innovations designed to improve the insurance industry—are close to a dozen peer-to-peer (P2P) companies looking to compete directly with traditional insurance markets. While only one such company, Lemonade, is currently licensed to do business in the United States—and only in New York state—other P2P insurance companies have sprung up around the world. Analysts have mixed opinions about the potential for the P2P companies to make market inroads. Some predict the startups will take significant market share from insurers, while others remain dubious. Most believe the P2P model appears to have a lot going for it, though, insofar as it could improve risk management, decrease the incidence of insurance fraud, and lower the cost of insurance. So what is a P2P insurer? In many ways, it is a throwback to when groups of people came together to insure each other’s risks. This sounds a lot like mutual insurance, but one key distinction is that the policyholders in a P2P group do not own the company absorbing their exposures. The model also borrows from traditional captive insurance mechanisms in that the insurer bears either very little or no insured risk, ceding the losses to reinsurers. Lemonade is a case in point. The personal lines insurance company underwrites renters and homeowners insurance. Premiums collected from group members are pooled to pay first-dollar losses. Beyond this threshold, losses are absorbed by its global reinsurance partners, which include Lloyd’s of London, Everest Re and Berkshire Hathaway’s National Indemnity. Other than its unusual name, Lemonade is especially unique in how groups of policyholders are formed. When signing up to buy insurance, the applicant selects a particular charity. Others who choose the same charity are assembled as a group of policyholders for insurance purposes. When losses during the policy period are low enough to result in unspent premiums, this capital is donated to the charity. Other P2P companies like Germany’s Friendsurance, which is a broker and not an insurer, have a slightly different model. Groups of policyholders are still formed, but they comprise people and their selected friends who join together to insure each other’s personal liability, legal expenses, automobile and household risks. After claims are paid out, any unspent premiums are returned to group participants. Both cases depend on a form of peer pressure. Lemonade’s policyholders theoretically will try to be vigilant about their risks to preserve capital for a charity they believe in. Friendsurance’s policyholders will be equally alert to keeping losses down for the group, as their friends’ premiums may otherwise increase the following year. Participants in both companies are also theoretically less likely to commit insurance fraud for the same reasons. For now, these companies have concentrated their focus primarily on personal lines and some small commercial uses. All are expected to broaden their offerings if the P2P concept catches on, possibly selling more specialized lines of commercial property and casualty insurance like workers compensation and employment practices liability. “I believe the model has legs,” said Steve Kauderer, a partner in the financial services and insurance practice of management consultancy Bain & Company. “Right now they’re in the spectrum between personal lines and small commercial, but we expect them to move up in complexity.” If he is right, corporate risk managers eventually may have another risk transfer option—one that may be more risk-sensitive and cost-effective than traditional insurance, thanks to the aforementioned peer pressure and the digital cloud-based solutions these startups use to underwrite, market and process claims more efficiently. “If you are able to create a tight-knit group [of companies] in a community that is set up like a captive but is managed by a P2P entity that handles all the underwriting and claims administration baked into a competitive premium, I can easily see the model working for smaller businesses,” said Anand Rao, principal in the insurance advisory services practice in PwC’s Analytics Group. “I’m a bit more skeptical as you get to larger companies with more nuanced risks.” Slow, Steady Growth Analysts are not exactly calling P2P models the insurance equivalent of Uber, aimed at displacing the traditional market, although some P2P companies might like buyers to believe this. In numerous articles and blogs, Lemonade’s Chief Behavioral Scientist Dan Ariely routinely criticizes the insurance industry for not returning unspent premium dollars to policyholders. He and other Lemonade leaders (who were unavailable for comment) insist this money belongs to policyholders and not to insurers as underwriting profit. Not that Lemonade gives the unspent premiums back to policyholders either—it deducts 20% of policyholder premiums as its fee and the rest flows instead to charities. Ariely is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and the founder of the Center for Advanced Hindsight. His appointment by Lemonade emphasizes the behavioral underpinnings of its P2P model. The traditional insurance industry, in his view, has little to no appreciation for human behavior. “We’ve spent recent years deepening our understanding of honesty and trust, and our conclusion is that insurance is crying out for a makeover,” Ariely said in a statement. “Lemonade aims to reverse the adversarial dynamics that plague the industry, transforming both the economics and experience of insurance.” Lemonade began with renters and homeowners insurance products in New York when its license to sell insurance was approved by state regulators in September. The company has filed for licenses in 46 states and the District of Columbia and hopes to become available to 97% of the U.S. population in 2017. It also reportedly plans to underwrite commercial lines insurance at some point in the future. “Staffing Lemonade with bots instead of brokers allows for rapid expansion,” Shai Wininger, president and cofounder, said in a statement. As the first P2P insurance company in the United States, Lemonade’s progress is being closely watched by the array of similar entities that have formed around the world. This long (and growing) list includes Guevara, a P2P brokerage model in the United Kingdom with a structure and value proposition analogous to Friendsurance’s; P2P Protect Co., Ltd. in Hong Kong; PeerCover in New Zealand; Riovic in South Africa; insPeer in France; První Klubová pojišťovna in the Czech Republic; TongJuBao in China; Huddle Money in Australia; and Besure in Canada. It is difficult to provide an accurate prognosis for these startups. Fred Eslami, a senior financial analyst at A.M. Best, said that the rating agency has had difficulty communicating with the companies. “They’re pretty reticent when it comes to offering information,” he explained. “They don’t share too much with the outside world, so we don’t really know what their market share or premium levels are.” Lemonade did reveal that it had sold $14,302 in gross written premiums in its first 48 hours and a total of $179,855 in gross written premiums in 2016. While not earth-shattering numbers, the company has nevertheless attracted substantial venture capital interest, announcing in December 2016 the closure of a $34 million Series B funding round. The additional capital augments the company’s total funding for full-year 2016 to $60 million. The money will go toward “rapid expansion in the coming months,” Lemonade said. How rapidly will Lemonade and other P2P companies grow? In terms of writing large commercial lines, Eslami said he would be surprised if that occurred in the next five years. Kauderer predicted the pace will be “slow and steady.” Kaenan Hertz, head of insurance innovation and fintech at EY, likened the current status of P2P companies to the internet in the late-1980, where what began as niche applications evolved into the sprawling network of today. He believes P2P could have a similar trajectory. “Conceptually, if you are bringing together people with a common cause—people who know each other or have similar opinions and feelings—this will compel them to maintain discipline when it comes to their respective risks, ultimately reducing the exposure to loss,” he said. Are Companies People Too? This argument makes sense when it comes to people who are friends or share an interest in a particular philanthropic organization, but what about companies and their risk managers—can peer pressure do the same for them? “P2P may work well for commoditized personal lines business, but I’m a skeptic when it comes to its value in commercial lines—even small commercial,” said Joe Calandro, managing director of PwC’s insurance practice. “It’s one thing for a policyholder who has picked your charity to defraud the group; it’s quite another for an employee in a large company to embezzle money. I don’t see how the P2P relationship-oriented model will have any bearing on this risk.” Indeed, if the threat of arrest and confinement is not dire enough to keep someone from defrauding his or her employer, what effect, if any, will peer pressure have? And without peer pressure, the prospect of risk containment fades. “If the group experiences greater claims frequency and severity, companies will drop out of the community,” Rao said. “Since insurance is all about spreading risk and not concentrating it in a small group, there may actually be a greater risk of loss.” With regard to Lemonade specifically, Rao questioned whether people sharing an interest in the same charity have the same behavioral characteristics as, for example, people living and working in a small community. “People really know each other in a small town—that’s peer pressure,” he explained. “Social and physical values define the community. I don’t see this in Lemonade. And I have trouble seeing it in a digital medium, where there are no real face-to-face human interactions.” In general, he believes any community connected solely online is going to be desensitized to mutuality. Hertz raised another concern—the possibility that policyholders can collectively perpetrate a large-scale insurance fraud. “You could conceivably end up with a pretty tight group of people in a P2P group who are corrupt and able to game the system,” he said. “A P2P group of risk managers from different companies could decide to adjudicate the group’s claims in such a way that more losses are passed on to the reinsurers, forcing them to carry the load.” He added, “The behavioral economics could backfire.” One factor that will test the mettle of P2P companies like Lemonade is the tax code in New York. Right now, group policyholders whose premiums are donated to a charity do not receive the usual tax deduction they would for a more standard charitable contribution. Rather, Lemonade gets the tax deduction. That is because the state may perceive the deduction by a policyholder as a rebate in disguise. Assuming Lemonade underwrites commercial lines insurance using the same charity concept, companies may similarly lose out on the tax deductibility of the donation. This also presumes that businesses will want to make a donation to a charity in the first place, given the reputational consequences of choosing a philanthropic organization that may upset customers across the political spectrum. The premiums paid to Lemonade are fully deductible as a business expense, which is not the case for captives that do not underwrite third-party insurance. This is just one factor that makes P2P groups a competitive alternative to traditional single-parent captives. “Instead of managing a captive from an insurance administrative standpoint, the P2P entity effectively handles this, liberating risk managers to focus on risk mitigation, putting in place better processes and technologies to minimize loss, and becoming better business partners to the rest of the organization,” Hertz said. Tax deductibility is less of an issue with captives that underwrite third-party business, such as many industry-owned captives and risk-pooling arrangements like broker Marsh’s Green Island Reinsurance Treaty, in which single-parent captives share their loss experience by transferring a portion of their risk in exchange for a percentage share of the risks of other pool members. Down the Line Assuming the P2P model takes root, there is no reason for traditional insurers not to form their own P2P groups for buyers of personal and commercial lines products. They also may invest in or even buy P2P startups. Many insurers have an enormous volume of capital sitting on the sidelines and several have formed venture capital funds to invest in novel insurance concepts. “Undoubtedly many traditional carriers are looking at these guys and figuring out whether to buy them wholly, invest in them, start their own P2P groups, or just wait and see how the dust settles,” Kauderer said. The bottom line is that P2P insurance is just another way to transfer risk. While it might excite younger, first-time buyers, it is ultimately a new combination of old concepts—captives and mutual insurance. This may also offer buyers more choices in how to transfer their risks, and greater market power in turn. “Some P2P entities will survive and flourish, putting pressure on traditional carriers to compete,” Kauderer said. “Competition is always a good thing.”

https://www.russbanham.com/2017/03/08/peer-pressure-is-peer-to-peer-insurance-a-fad-or-the-future/

We are a professional, dynamic and entrepreneurial team of insurance brokers. Conseg Insurance emerges from a fusion of tree excellent insurance brokers, namely Miguel Raminhos, Rui Gomes and David Dias which originated Proteção Ilimitada, Lda. - Miguel Raminhos has more than 20 years of professional experience in insurance busines. Started his career in 1997 creating a strong customer base through dedication and commitment, specializing as a Client Manager at Planal, SA, current Quinta do Lago, SA. He is proud to retain "Clients that we can call friends" and to have loyalty from Quinta do lago, Vale do Lobo and other Hotel reference units in Algarve. As a co-founder of this company he is secure that this partnership will guarantee excellent results. - Rui Gomes started his career in 2004 as an Insurance Mediator at Victoria Seguros, integrating the companies permanent staff, by invitation on the following year, where progressed his professional activity untill 2015. With great confidence in his work, is proud to found Conseg to fulfill his purpose of "helping others to protect their most precious assets". - David Dias is our partner and co-founder since 2018 bringing his vast expertise of more than 10 years in the insurance area. He started by integrating the commercial structure in insurance brokerage in 2008. After the much desired merger, together decided to change Conseg, Lda to Proteção Ilimitada, Lda. and David is "trilled to join this company and provide high quality services". Proteção Ilimitada, Lda., registered on 09/04/2018 with the ASF under the number 418460784, is authorized to exercise the activity of insurance mediation in both the life and non-life sectors, according to information in the respective registration certificate, available at ASF. Proteção Ilimitada, Lda., registered with the ASF under the number 418460784, is authorized to enter into contracts on behalf of the insurance companies it represents, as well as to receive the respective insurance premiums. Proteção Ilimitada, Lda., does not assume the coverage of the risks, which are wholly assumed by the respective insurance companies.

https://www.protecao-ilimitada.pt/en/home/

Proven - Trusted - Recommended Southern California - Inland Empire Commercial Real Estate Specialists Senior Vice President Managing commercial broker Inland Empire Commercial Specialist Nathan Bragg is a successful and award winning commercial real estate professional with over 20 years of experience in the industry and Inland Empire Commercial Specialist. Focused on Industrial, Commercial Real Estate Investment Sales (Office, Retail Multi-Family), Sale Lease-Backs and Land Sales. He is the managing commercial broker, Inland Empire Commercial Specialist and leads the commercial team at his company’s regional office for the Inland Empire Region in Rancho Cucamonga California. Nathan Bragg brings true 360-degree knowledge of the industry including finance, construction and real estate analysis with 3 Fortune 500 companies and holds a California State General contractors license. Nathan’s unique training and proven negotiating skills sets him apart, he thinks creatively to find solutions that allow clients to achieve the highest and best value for their investment asset, as proven by his many letters of recommendation, successful transactions and awards. He is part of a network that did over $19.3 Billion in commercial sales and leases in 2021. Nathan has sold, leased and financed several hundred million in commercial transactions in his career. There are over 125,000 RE/MAX Associates worldwide and Nathan has consistently been a top performing Commercial Broker. - RE/MAX Hall of Fame (Career Achievement) - Top 20 in the United Sates for commercial sales (Multiple Times) - Top 50 in the World for commercial sales (Multiple Times) - Chairman’s Club (Multiple Times) - Platinum Club (Multiple Times) - 100% Club (Multiple Times) Veteran United States Marine Corps What Clients Say About Nathan Bragg and His Team The RE/MAX Commercial Story Over 50 Years of Success and Innovation Most firms come and go or are merged and sold. RE/MAX has endured the test of time and continues to innovate and be a true global real estate leader and one of the most iconic brands in the world. Our office is locally owned, we are Inland Empire Commercial Real Estate Specialist and live and do business in the Inland Empire and contribute to our community. In 1973 RE/MAX was founded with the goal to give independent and highly experienced real estate professionals the best corporate platform and brand to operate from. RE/MAX and RE/MAX Commercial has grown to be a global real estate leader and operates around the world with over 130,000 associates at RE/MAX offices in over 100 countries. Each RE/MAX office is individually owned and operated, our owners and agents live in and are experts in the communities they serve. For the past decade RE/MAX agents have done hundreds of billions in real estate transactions each year and the RE/MAX group of websites receives over 110 Million Unique visitors per year. Our Inland Empire Commercial Regional team is led by Nathan Bragg, the managing commercial broker, and Inland Empire Commercial Specialists he went to High School in the area and has done business here since 1991 with extensive experience and a strong track record of success in commercial real estate and extensive finance, investment and construction experience. Our Support Team the best real estate support staff in the industry - INLAND EMPIRE COMMERCIAL EXPERTS It takes a team of hard working professionals to ensure transactions go smoothly. Nathan Bragg leads the commercial real estate team in our highly successful office in Rancho Cucamonga California. Our clients, broker associates and agents are supported at each step of the process by this outstanding team. We have one of the leading broker / owners in the industry, Elvis Ortiz-Wayland and our team includes IT professionals, Accounting, Legal, Marketing, Compliance, Managers, Transaction Coordinators and Administrators. Our Regional Office 10535 Foothill Blvd., Suite 460 Rancho Cucamonga, CA 91730 Our office’s regional headquarters is located in the Iconic 78,000 Square Foot Barton Plaza in Rancho Cucamonga California. Our team is a powerhouse that services the Inland Region and surrounding markets. We are located in the heart of one of the most rapidly growing regions in the United States and in the top 3 for new commercial industrial construction in the country.

https://www.commercialrealestateinland.com/about-inland-empire-commercial-specialist/

Coalition, the world’s largest commercial insurtech provider, has announced the launch of executive risk products with new personalized risk assessments for all clients. Coalition is now offering directors and officers and employment practices liability with new tools and features available to all broker partners, with insurance coverage provided by Zurich North America. The new executive risk products integrate real-time data from a variety of publicly available sources to accurately assess a company’s risk exposure and monitor changes throughout the lifecycle of the policy, Coalition said. Brokers can generate quotes in under four minutes and offer clients a Coalition risk assessment for executive risks, which identifies financial, regulatory and business exposures specific to their business and provides customized recommendations to protect them from claims. Read next: Coalition launches new cyber captive “We are bringing real-time data to help small businesses stay ahead of their exposures, offering an entirely new approach to executive risks,” said Patrick Mitchell, head of executive risks at Coalition. “Advances like these mean that small businesses can move forward with confidence despite the fast-changing risk landscape.” In a survey of 1,000 senior executives at small businesses, Coalition found that more than 36% of small businesses had experienced a D&O claim within the last two years, with the average claim costing more than $120,000. Despite this, many businesses remain un- or under-insured, Coalition said. “Combining Coalition’s executive risk analytics with Zurich’s leading D&O and EPL products will allow small businesses to stay ahead of rapidly changing risks and give them confidence in the coverage and backing of a market-leading carrier,” said Paul Giliberto, head of management liability – private for Zurich North America.

https://www.insurancebusinessmag.com/us/news/breaking-news/coalition-launches-techpowered-risk-assessments-324025.aspx

General Search & Recruitment (GSR) is a professional firm specializing in insurance staffing and recruitment. With over 43 years of experience in the industry, we have honed our expertise in identifying the best and brightest professionals in the insurance sector. At GSR, our focus is on underwriting, claims, and sales. We understand the unique challenges and requirements of these areas and have developed a deep understanding of the industry's pulse. This enables us to build valuable relationships with both professionals and employers, continuously refining and redefining the recruitment process. Our comprehensive approach to sourcing and screening ensures that we present our clients with highly qualified candidates who possess the skills, knowledge, and experience necessary for success in the insurance industry. Through our extensive network and industry connections, we have built a strong presence in Minnesota, connecting top talent with leading insurance companies in the region. Whether you are a candidate seeking new opportunities or an employer searching for exceptional talent, GSR is your go-to resource. As an industry leader, GSR stays up-to-date with the latest trends and developments in insurance accounting. Our team of experienced recruiters understands the specific requirements of accounting roles within the insurance industry and can match candidates with the right positions. Benefits of Choosing GSR as Your Insurance Accounting Recruiter - We have over 43 years of experience in insurance staffing and recruitment. - Our focus is on underwriting, claims, and sales, ensuring a deep understanding of these areas. - We have a strong network and industry connections in Minnesota. - Our team of experienced recruiters specializes in accounting roles within the insurance industry. - We continuously adapt to the industry's pulse, staying ahead of the competition. - We strive to refine and redefine the recruitment process, ensuring the best results for our clients. With GSR as your insurance accounting recruiter, you can trust that you are partnering with a professional firm that has a track record of success. We are committed to delivering exceptional results and building long-term relationships with our clients. In addition to our expertise in insurance accounting recruitment, we also provide valuable resources and industry insights. To stay updated on the latest news and developments in the insurance industry, check out this article about regulators in California fining PG&E for a deadly wildfire. For more information about insurance recruiters, visit https://insurancerecruiters.com. Contact GSR for Your Insurance Accounting Recruitment Needs If you are looking for highly qualified insurance accounting professionals in Minnesota, trust GSR to deliver exceptional results. Contact us today to discuss your specific recruitment needs. Together, we can find the perfect fit for your organization. For more information about General Search & Recruitment, visit our LinkedIn page: https://www.linkedin.com/company/general-search-&-recruitment?trk=ppro_cprof. Connect with Michael McDonough, our experienced recruiter, on LinkedIn: https://www.linkedin.com/in/mcdonoughmikegsr4you/. For industry news and updates, visit https://www.insurancejournal.com.

https://gsr4you.com/insurance-recruiters/insurance-accounting-recruiters-in-minnesota/

Nationale-Nederlanden in search of ideal insurance palette: product, price, communication In this case, we show how we worked with Nationale-Nederlanden (team ING Verzekeren) to identify the optimal insurance palette for its private non-life products. This reveals, for example, that as an insurer, it is better not to include an Airbnb-cover as a standard cover in your product. Or that the no-blame-no-claim scheme deserves a lot more communication attention. Let’s take an example Suppose you start looking for household contents insurance. You can choose from dozens of providers with different products. But which one will make you happy? As an insurer, you would think that more is always better. So more coverage, more service, etc. However, the opposite is true. If they feel they are paying for something they don’t need, it makes the insurance less valuable. The central starting point for mapping the ideal insurance portfolio is understanding the choice process and preferences of potential customers. Together with Flowresulting (now part of THoM), the ING Verzekeren team went in search of answers to these questions: Which product and service elements are most important when choosing different insurance policies? What are people willing to pay for these elements? Which elements should come as standard in an insurance policy, and which as separate modules? What is the right price for our insurance policies? Fact-based approach to the right product offering Quantitative research was used to understand the main criteria when choosing insurance (household, home, car, travel, liability, legal assistance and accidents). In addition, trade-offs between different value elements (e.g. coverages and services) of insurance were identified. Result: insight into the willingness to pay for cover such as all-risk or glass cover as part of a home insurance policy. This insight helps determine the right price for a product. In addition, ideas for innovation are tested as a possible part of the proposition. For example, we gain insight into the willingness to pay for a sustainability check as a new and distinctive service of an insurance policy. ‘Killers’ have a negative impact on perceived value, but serve specific a target group Adding covers and services does not always improve the attractiveness of an insurance policy. On the contrary: sometimes elements can even worsen perceived value. Using a ‘leader filler killer’ analysis, we gained insights into which elements these are for ING Verzekeren products. For example, it showed that covering your contents when renting out (e.g. via Airbnb) reduces value for many customers. In other words, if customers feel they are paying for something they do not need, this makes the insurance less valuable. Not everyone rents out their home via Airbnb, so this cover fulfils a specific need of a certain group of customers. Implication: it is better to offer this cover optionally because it serves a specific need of a niche target group (‘I want to be able to rent out my house with peace of mind’). Valuable by-product of mapping the most important selection criteria: more targeted communication towards customers. An insurance policy easily consists of more than 20 product or service elements. For car a insurance, think of elements such as legal assistance or passenger cover, breakdown assistance in case of damage or a switching service when switching providers. Prioritising these elements helps ING Insurance to hit the mark on the website and in the My environment. Example: the no-blame-no-claims scheme turns out to be an important criterion when choosing car insurance. Despite this, few providers also clearly showcase this element, possibly because it is seen as a hygiene factor. Research into customer perception and to what extent it differs from reality helps ensure that key proposition elements get the attention they deserve. “Based on the insights, we could immediately start working to improve existing content pages, on the one hand, and to implement concrete product and price adjustments, on the other. The insights and advice help us tailor the products more to the customer’s wishes and communicate in a more targeted way.” Melvin ter Heerdt, Manager Customer & Proposition ING Verzekeren (Nationale-Nederlanden) Result: optimised insurance palette and well-founded pricing Based on the advisory process, not only was marketing communication improved, but ING Verzekeren was also able to improve the composition of its insurance products. In addition, concrete recommendations were made on the right pricing. These adjustments to the range contribute to products that make customers happy and also have a direct effect on returns. You may also like Discover smart tips, personal stories from our clients and our take on the latest marketing trends Article 7 min reading Pricing Strategy 101: What is Pricing Strategy and why should you look into it? Podcast 15 min listening Pricing Strategy: How to capture the full value you’re providing Points of View 8 min reading 5 psychological mechanisms to increase the effectiveness of your pricing strategy

https://www.thehouseofmarketing.be/resources/client-stories/nationale-nederlanden-in-search-of-ideal-insurance-palette-product-price-communication/

Financial R&R: The Latest Regulations Around Cyber Risk Management and Cyber Incident Response By Alliant Specialty Ron Borys and Ryan Farnsworth are joined by David Finz, Alliant, to recap trending topics surfaced during the 2022 With Intelligence HFM Billion Dollar Leaders Summit. The Financial R&R team also addresses the latest regulations around cyber risk management and cyber incident response. Thanks for your message. We’ll be in touch shortly. News & Resources Financial R&R: Prioritizing DE&I Efforts - Strategies to Build a More Diverse and Inclusive Workplace Ron Borys and Ryan Farnsworth take a departure from the Insurance angle of the Financial R&R and welcome Aaisha Hamid, Alliant Diversity, Equity & Inclusion Manager to discuss how to build an environment in which employees feel safe, can be their true, authentic selves, and apply their unique strengths and capabilities to accomplish their personal goals and business objectives. Financial R&R: 2022 ICI Investment Management Conference Recap Ron Borys and Ryan Farnsworth, Alliant, sits down with Tyler Entwistle, Alliant, discussing the risks and key takeaways learned at the 2022 Investment Management Conference. Financial R&R: Insights on the Market with ICI Mutual Insurance Ron Borys and Ryan Farnsworth, Alliant, welcome John Mulligan, Senior Vice President & Chief Underwriting Officer and Dan Steiner, President, ICI Mutual Insurance Company, to discuss the company’s distribution strategy, the claims environment, the current insurance market and how it works with insurance brokers on behalf of mutual clients.

https://alliant.com/news-resources/podcast-the-latest-regulations-around-cyber-risk-management-and-cyber-incident-response/

Mumbai, 14th February 2023:InsuranceDekho, India’s leadingInsurtech player, today said it has raised $150 million in Series A funding consisting of a mix of equity and debt, the largest ever series A round by an Indian Insurtech company. The equity round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures, and LeapFrog Investments. InsuranceDekho was founded by Ankit Agrawal and IshBabbar in 2016. Since its inception, the company has seen significant premium growth and aims to achieve annualized premium run rate of INR 3,500 crores by March 2023. The latest funding will be used to scale up InsuranceDekho’s product and technology functions, expand to new markets, launch new innovative products in the health and life categories, grow the company’s Micro, Small & Medium Enterprise (MSME) insurance business, strengthen its leadership team and pursue inorganic growth opportunities. Ankit Agrawal, CEO and Co-founder, InsuranceDekho, said: “We need to go beyond the urban regions when it comes to insurance penetration in the country. To realize our goal of democratizing insurance for the general public, we are expanding our reach and will continue to build on our tech-based solutions and empowered advisors so that they can serve every village and region of India by the end of the year. India is on the verge of a revolution in insurance, and InsuranceDekho is well positioned to meet the insurance needs of every Indian.” IshBabbar, CTO and Co-founder, InsuranceDekho, said: “Insurance distribution in India is a complex problem that needs innovative solutions. The fundraise will enable us to deploy scalable Insurtech solutions in the areas of data analytics, Artificial Intelligence, last mile servicing and claims management while keeping customer experience at the core of everything.” India’s current insurance penetration is 4.2% of GDP compared to 12% in the USA and 7%2 globally. Almost 85%1 of India’s existing insurance premium is centered in the metros and Tier 1 cities. InsuranceDekho aims to change that. As part of its mission to provide access to insurance throughout the country, InsuranceDekho gets 82% of its premium from Tier 2 and beyond regions. It is present in more than 1,300 towns covering 98% of pin codes in India and is working towards establishing 100% penetration in the country. By the end of this calendar year, InsuranceDekho aims to have more than 200,000 insurance advisors active on its platform. In (Interstate) ID is expanding its team very aggressively and aims to have a network of (XX) insurance advisors in near future. Typically, most InsuranceDekho insurance advisors observe a threefold increase in total household income within six months of being associated with the company. The advisor’s ability to earn more allows them to significantly improve the quality of living for their families. InsuranceDekho works with most insurance providers and has direct integration with 46 insurance companies across India offering more than 380 insurance products including 175 products for health and life. InsuranceDekho intends to expand its portfolio by offering more products in near future. Haitong Securities India acted as the sole financial advisor to the fundraising. Amit Jain, CEO and Co-founder, CarDekho Group, said: “Celebrating the spirit of entrepreneurship and thriving on the robust value system, CarDekho Group has promoted the culture of being a ‘House of Founders’ who have fostered various disruptive ideas and propelled these businesses to the orbit of sustainable growth with profitability. It’s heartening to see that InsuranceDekho under Ankit’s leadership, has come a long way as it continues to disrupt the Insurtech space in India by leveraging its unparalleled unit economics, the best technology, phenomenal partner practices, and innovation to set new benchmarks in stakeholder experience.” RajatSood, a Managing Director at Goldman Sachs Asset Management said: “Technological innovation is transforming the Indian insurance industry by making coverage more accessible and affordable. InsuranceDekho has demonstrated a proven ability to bring new-to-insurance channel partners to their platform, while empowering them through technology-based solutions and working closely with insurers. We look forward to leveraging our global domain expertise and supporting the management team in its expansion to provide broader coverage and more solutions nationwide.” Praveen Sridharan, Partner, TVS Capital Funds said: “Though insurance is vital for the financial security of everyone, its penetration is still at 4.2% of Indian GDP compared to a global overage of 7.4%. The key for this is to access the middle and lower middle-income class—the next 400 million—living in the next 1000 towns of India. InsuranceDekho, with its agency model and digital DNA, offers a powerful mechanism for this penetration to expand. We are convinced of the InsuranceDekho model. Of course, we always back founders who can demonstrate bringing alpha and were impressed with Ankit and the team basis their execution capability, operational excellence, and superior technology skills. We are delighted to partner in their journey of enabling access to insurance products to the 600,000 villages of India.” VarunLaul , Partner, Investcorp said: “InsuranceDekho has adopted a very innovative approach in addressing the underserved insurance industry in India, under the leadership of Ankit and Ish. This is Investcorp’s first investment into the Indian Insurtech market and we are excited to support InsuranceDekho in its journey to make insurance more readily available to people.” Nishant Rao, Founding Partner of Avataar Ventures added: “We are big believers of the immense growth opportunity from better serving Bharat. The pandemic also taught us all the precious value of life and the adverse impact of disrupted household financials. In Ankit and team, we found the unique combination of the best tech, the right culture and deep operational rigor required to create innovative insurance offerings needed for the Tier 3+ markets – key to unlocking success here differs greatly from metro India. GivenAvataar’s Operating VC model, we will work closely with the InsuranceDekho team to deliver on its ambitious growth goals!” Stewart Langdon, Partner, LeapFrog Investments, said: “InsuranceDekho is leading the way in the Indian Insurtech space, equipping consumers across the country with access to insurance, providing families with the tools to improve their financial security. This investment aligns with LeapFrog’s impact objectives to enhance financial inclusion in underserved communities by protecting families from incidents that could contribute to them falling into poverty. We are pleased to have contributed to what is the largest ever Series A fundraise by an India Insurtech business, and to continue to support the business on its impressive journey.”

https://quickbiznews.com/business/insurancedekho-raises-150m-in-series-a-funding/

Swiss Re and Daimler Join Forces to Launch Insurtech Startup Movinxby Fintechnews Switzerland October 14, 2020 Swiss Re and Daimler Insurance Services have launched a new company called Movinx for automotive and mobility insurance. Both shareholders of the 50/50 joint venture will leverage their expertise to establish a new business model. The aim is to develop fully digital automotive and mobility insurance products that both fulfill changing customer needs and offer best-in-class service quality. Movinx has received all necessary competition clearances. Pravina Ladva, Swiss Re’s Digital Transformation Officer said, “We believe that partnering with Daimler Insurance Services and establishing Movinx will take us to the next level in innovating mobility insurance. Our joint long-term ambition is to unlock an ecosystem interplay where insurance supports the introduction of new technologies such as advanced driving assistance systems and autonomous cars as well as new business models in the mobility area.” Ingo Telschow, CEO Daimler Insurance Services, said: “We will establish a new business model as well as co-create and co-own an insurance platform. This platform enables easy and efficient insurance purchase and customer-centric services by using real time data. Furthermore, we as Daimler Insurance Services are going deeper into the value chain of insurance business, having more influence on product development and pricing.” With the aim of creating a new business model, Movinx will act as a Managing General Agent (MGA). It enables an embedded mobility and insurance customer journey – making insurance an integrated part of the vehicle purchase. Instead of today’s rather short-term oriented partnerships between car manufacturers and various insurers, the focus is on a joint development journey to offer flexible and fully digital products. Movinx enables the introduction of new insurance propositions across a range of markets with the underlying technology platform. The joint venture will be open for cooperations with other stakeholders such as car manufacturers or, more generally, mobility service providers. Future partners will benefit from their co-owned insurance MGA and be able to offer white-labeled solutions globally. So instead of having to deal with many insurers, the manufacturer has one partner, Movinx, across countries. Movinx will then partner with locally licensed insurers to deliver its solutions to the end-customers and cover insurance risk. Insurers and other stakeholders can connect to the IT platform and profit from centralised operations and automated processes supported by a combination of machine- and deep-learning technologies. By connecting to the MGA’s platform, insurers benefit from not having to build tailored and quickly changing insurance programmes. Movinx will be located in Berlin and is set to expand quickly. Sebastiaan Bongers, Head Mobility Ventures at Swiss Re, and Andreas Roth, Head Digital Insurance Model at Daimler Insurance Services, will lead the new company. The first insurance products and services are planned to launch in France in 2021. In the coming years, further market entries are planned across Europe, Americas, and Asia. Featured image credit: Edited from Unsplash

https://fintechnews.ch/insurtech/swiss-re-and-daimler-join-forces-to-launch-mobility-insurance-startup-movinx/39833/

Bollywood Actor Varun Dhawan and Sara Ali Khan’s upcoming film Coolie No 1 witnessed a massive fire breakout at the sets in Filmcity, Goregaon. The fire erupted during noontime and soon fire-fighters rushed to take over the situation. Police and fire department immediately rushed to the accident spot on receiving information from the people present on sets. The reason behind the fire is yet to be ascertained. According to reports, there were no casualties and the team, including Varun Dhawan, Sara Ali Khan, and director David Dhawan, were safely escorted out. Producer of the film and actor Jackky Bhagnani took to his social media and thanked the fire-fighters for immediate action and well being of everyone on the sets. He tweeted, “We would like to thank the Firefighters , Mumbai Police, and the BMC officials for their immediate assistance, after a concerning situation on the sets of #Coolieno1 The fire was put out immediately with no casualties. I want to thank everyone for their concern and wishes” Coolie No. 1 is directed by David Dhawan, also features Paresh Rawal. Produced by Vashu Bhagnani, Jackky Bhagnani, and Deepshika, the movie will release on May 1, 2020. Coolie No 1 shooting had commenced in Bangkok, and after wrapping up one schedule of the film, the makers were shooting for the remaining portions in Mumbai.

https://lifeandtrendz.com/entertainment/fire-breaks-out-on-coolie-no-1-sets-jackky-bhagnani-confirms-well-being-of-everyone/

INFORMING A NASCENT INDUSTRY AMI’s market research and competitive intelligence helps Insurance companies develop compelling insurance products and minimize competitive risk in a high growth sector. Data to Drive Development In most insurance sectors, the greatest competitive threat to insurance providers is buyer ignorance, fear and complacency. The seeds of market demand are still being sown in Latin America where market penetration remains nascent at best with plenty of upside growth potential. In property and casualty, insurance penetration rates in LatAm are near the global average, thanks to the ever-present risk of earthquakes and hurricanes, at least in some jurisdictions. However, Latin America’s life insurance market remains woefully underdeveloped at one-third the global penetration rate and one-fifth the rate of the most mature markets (Japan and Western Europe). Building market faith in life insurance is a generation-long process that requires constant monitoring of the buyer’s perspective and the best practices of competitor providers. Review AMI case studies from our Insurance practice to get a deeper sense of our capabilities. Helping Insurance Providers Compete in Latin America Product development is an important challenge for insurance providers in Latin America, across all insurance product categories. How insurance is packaged, priced and marketed needs to adhere to the different levels of market maturity, customer cashflow restrictions and claims needs found in every customer cluster in the region. Customer-focused research, competitor best practices analysis and a keen understanding of the regulatory environment are but some of the ingredients brought by Americas Market Intelligence (AMI) to the product development process of our clients. In more mature insurance categories, competition can be fierce and the battle over control of international brokers can be taxing on insurance providers. AMI helps insurance companies set up and execute an ongoing monitoring of the competition to keep their clients price-competitive and continuously distinguishing their full service offering from the rest. How We Can Help You Since 1997, Americas Market Intelligence (AMI) consultants have completed more than 50 insurance sector client engagements in areas including: - Health insurance - Life insurance - Property & casualty - Travel insurance - Claims management Explore Our Insights regarding LatAm trends Let’s Get Started Tell us about your LatAm insurance industry research needs.

https://americasmi.com/practice-areas-insurance-latin-america/

Area Vice President – Client Service Executive, Gallagher Dwight is an Area Vice President in Arthur J. Gallagher’s Mid-Atlantic Region, providing market expertise and product knowledge for the management liability insurance lines of coverage. Dwight’s professional career spans more than twenty years of experience working with Directors & Officers Liability (D&O), Professional Liability (E&O), Employment Practices Liability, Fiduciary Liability and Crime products. Dwight provides insurance and risk management advise to a wide array of clients, ranging from complex multinational publicly traded firms to emerging private/ not-for-profit organizations. Dwight has fostered exceptional relationships with dozens of insurance companies, which he leverages to provide tailored solutions to Gallagher clients. Prior to joining Gallagher in October of 2018, Dwight served US Head of Middle Market within Willis Towers Watson’s FINEX Financial Institutions, overseeing the strategic direction of, and leading complex placements for, the Practice. Prior to that role, Dwight was broker within Marsh’s FINPRO Practice, serving in various placement and client advisory roles in the management liability arena, with a focus on growth of the middle market portfolio. Dwight also has a personal and professional passion in the area of Inclusion and Diversity. Dwight has been appointed to Gallagher’s Regional I&D Task Force leadership Team, helping to drive initiatives on increasing recruitment, retention and promotion of diverse talent. Dwight received his bachelor’s degree in Finance with a minor in Economics from Syracuse University in 2001. He is a licensed property and casualty insurance broker..

https://women.ibamag.com/texas/speaker/dwight-williams/

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips. To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words. To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”. Truist Insurance Holdings LLC said Tuesday it is restructuring its wholesale operations into two divisions, wholesale and underwriting, effective Jan. 1. The Charlotte, North Carolina-based broker said the new wholesale division will include the company’s CRC Commercial Solutions businesses, including CRC Brokerage, CRC Binding and Tapco, and its life, retirement and benefits businesses, including BenefitMall, Crump and Hanleigh. The underwriting division will include Starwin, AmRisc Group, JH Blades and Ethos. Truist said there will be no changes to any underlying operating brand names or leadership teams for these businesses. In conjunction with the restructuring, Neil Kessler will serve as the wholesale division’s CEO and Bill Goldstein will become the underwriting division’s CEO. Both will continue to report to Dave Obenauer, who is Truist Insurance Holding’s vice chairman and president. Crum Life Insurance Services, which is part of the TIH wholesale division, will also continue to report directly to Mr. Obenauer. Truist ranked as the eighth-largest U.S. broker, according to Business Insurance’s 2023 ranking.

https://www.businessinsurance.com/article/20231205/NEWS06/912361412/Truist-restructuring-wholesale-operations-Neil-Kessler-Bill-Goldstein-Dave-Obena

Aon Broker Peter Schimeck Recognized as a 2021 Retail Power Broker Peter Schimeck, Vice President/Team Leader, Aon The national retailer was not expecting an easy renewal last year. But then came the protests and civil unrest that followed the killing of George Floyd in Minneapolis. The retailer had a significant number of stores that were burned or burglarized, said the retailer’s risk manager. Those damages came on top of the harm inflicted by a severe hurricane season in the Southeast. “We got hit two times,” the risk manager said. Despite the challenges, Peter Schimeck was able to position the risk for a successful renewal. Premiums rose, but the increase was below the sector’s average. Most importantly, the retailer preserved a favorable structure for its deductibles, the risk manager said. “That was a big help,” the risk manager said. Schimeck already is preparing for what is expected to be another difficult renewal in 2021, the risk manager added. “He’s diligent. He just drives the process forward, doesn’t get distracted and keeps the goal in mind at all times.” For another national retailer, Schimeck’s goal was negotiating coverage following a large acquisition that involved new wind exposure and past hurricane losses. Schimeck negotiated a rate that brought in the new locations at a rate 40% below what they head been paying. What is a Power Broker? A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge. Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community. Who selects the winners? Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.

https://riskandinsurance.com/award-profile/aon-broker-peter-schimeck-recognized-as-a-retail-2021-power-broker/

Your Local Independently-Owned Jupiter Insurance Agency Providing peace of mind solutions to clients in Miami-Dade, Broward, Palm Beach, Martin, Saint Lucie, Indian River and Orange counties since 1983. We Are Your Partners in Risk Transfer and Asset Protection Proudly serving our community, Venture Insurance Partners is a full-service provider of property & casualty insurance products located in Jupiter, Florida. We offer a wide variety of insurance services to help clients protect their valuable assets. Venture Insurance Partners provides all the skills, expertise, and exceptional customer service you would expect from a long-standing, community-focused Insurance agency. With the cost of insurance on the rise, it is more important than ever to make wise, informed decisions about your insurance needs. At Venture Insurance Partners, we consider every customer and policy to be unique. This is why we perform a policy review with each client to identify any coverage gaps or exposures that require attention. We will then shop your policy with all available insurance carriers to find you the most competitive and comprehensive insurance package that caters to your needs. Local Insurance Agents and Risk Management Advisors Comprehensive coverage options We offer and service all lines of insurance including Personal Lines, Commercial Lines, Bonding and Employee Benefits. Our goal is to be the premier locally owned and operated agency in South Florida. We want to help your business and family maximize security as well as profitability. We want to earn your business and be your total resource for all insurance and risk management needs on both a personal and professional level. We want to bring back the “local feel” and family approach to customer service. Not Just Agents, We Are Your Partners The term partner is all-inclusive: we intend to make every effort to refer business and make introductions that benefit all parties concerned. If you have a need for a product or service please do not hesitate to contact us to see if we have a partner we may be able to make an introduction to or recommend. We believe long-term relationships will fuel the success of our venture as well as those we serve. Always Available for You We have an “open door policy” and would feel honored for you to come and visit our office; have a conversation with us over the phone; shoot an email to one of our team members; chat with us online; or we can come to visit your home or place of business. We appreciate you keeping us in mind when it comes to all of your insurance needs. About Venture Insurance Partners Why we chose the name Venture: Venture defined: An undertaking involving uncertainty as to the outcome, especially a risky or dangerous one…to undertake to express, as when opposition or resistance appears likely to follow; be bold enough; dare. Individuals embark on all sorts of ventures throughout their lives: purchasing an asset (home, car, boat); getting married; starting a family; retirement; starting a business, etc. Opening a new location, adding a new product line, hiring employees, for example, are all ventures involved in operating a business. Many of the risks associated with those ventures can be transferred via insurance. We understand life’s ventures and want to be your local agent to help individuals, families and businesses prepare for and insure those ventures. Why we chose the Compass: The Compass is one of the oldest navigational tools and has been crucial to major feats of navigation throughout history. Insurance (transferring or distributing risk) has been in practice since 1750 BC (Code of Hammurabi). A moral compass is a sense which distinguishes what is right from what is wrong, functioning as a guide for morally appropriate behavior. Having a sound moral compass guides our business processes so they are consistent and true indicators upon which our personal ethics and reputation are put into action. Why we incorporated the Turtle: Having a very long lifespan, the Turtle holds symbolic meaning for longevity, endurance, persistence, and the continuation of life (sometimes at incredible odds). The story of the Turtle and the Hare demonstrates this symbolic meaning of being successful due to unrelenting persistence – slow and steady wins the race. The concept of the Turtle is demonstrated in Venture Insurance Partners’ desire to be an enduring and perpetual local provider of insurance in the community. Venture’s grit and determination to be the best by providing exceptional service, sound risk management techniques and comprehensive products at competitive prices will ensure that we are in this for the long haul. Merging these three concepts helped develop the mission of Venture Insurance Partners: to help our clients navigate the insurance marketplace to find the best methods to transfer or retain risks depending on the individual or company’s needs and appetite.

https://ventureinsurancepartners.com/our-company/

June 3, 2019 Selective Insurance Partners with DataCubes to Automate Intelligence Gathering and Increase Underwriting Productivity CHICAGO (Jun. 3, 2019) – DataCubes, a leading decision automation platform for commercial P&C underwriting, announced today that Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., has chosen to work with DataCubes to develop technology that will help increase underwriting productivity. Selective Insurance will initially implement DataCubes’ d3 Risk 360™ and is looking at other technology solutions within DataCubes suite of products. d3 Risk 360 is built on a data lake that aggregates over two billion data points from a broad array of internal and external sources including government entities, public records, company websites and more. DataCubes organizes and analyzes this data with its machine learning models to build robust business profiles that surface deep underwriting insights in a matter of minutes. “The underwriting process requires a significant amount of data, which in some cases would require Selective’s underwriters to mine data from over 80 different places. In the spirit of continuous improvement, the company wanted a solution that would enable their team to more efficiently and accurately capture risk intelligence,” said Kuldeep Malik, DataCubes co-founder and CEO. “Our technology was able to replace an overwhelming number of sources with a single destination, eliminating a great deal of time spent researching and retrieving data.” “Our best-in-class team of underwriters work hard to ensure their data research is thorough. The solution from DataCubes will help reduce time-consuming manual processes, enhance risk selection and significantly improve productivity,” said Brian Sarisky, Senior Vice President, Chief Underwriting Officer, Commercial Lines at Selective Insurance. About Convr AI® Convr is an AI underwriting and intelligent document processing workbench that drives world-class customer experiences. It delivers premium growth, insights and efficiency for commercial P&C insurance organizations of all sizes, including many of the top 10 carriers, MGA's, Brokers and Reinsurers. Convr is revolutionizing the industry through data, discovery and decisioning intelligence.

https://convr.com/resources/news/selective-datacubes-announcement/

The most recent Doctor Who 2022 Special aired a few days back, and despite its shortcomings, it brought together some of the Doctor’s best-known enemies — the Cybermen allied with the Daleks under the Master‘s directive to take down the Doctor and destroy the Earth. In this article, we’ll discuss the aforementioned Cybermen and how they evolved in the Doctor Who series. So, without further ado, let’s get acquainted with less attractive and certainly less friendly versions of the Tin Man. Who are the Cybermen? Well, as their name implies, the Cybermen are a race — for the lack of a better term — of cybernetically augmented humanoids. They vary greatly in design due to numerous Cyber-subspecies from various locations across space-time evolving simultaneously. They originally come from Earth’s twin planet, called Mondas, which drifted outside our solar system, and into the depths of space. The absence of the sun devastated and froze their planet. Those that remained, originally human beings, began experimenting with cyber enhancements to increase their survivability. Thus early, original Mondasian cybermen were born. They had removed their human emotions through the process called cyber-conversion and soon came to believe themselves better than organic life forms. The first Cybermen soon embarked on a mission to convert all organic life into Cybermen, seize control of the galaxy, and spread the Cyber Empire across the stars, sparking Cyber wars in the process. However, the Cybermen encountered another extraterrestrial anomaly during their intergalactic conquest. — one that would never accept defeat. The Physical Characteristics of the Cybermen Cybermen have really distinct features that make them easily recognizable; however, their design has changed significantly since the early days of the Doctor Who television show. Despite that, nearly all incarnations, regardless of the time and location within the universe, look really alike. Additionally, many Cybermen also featured exposed wiring and tubing on their outer skin, which was made of rubber or mylar. However, some Cybermen had fully metal bodies with no exposed circuitry. While some Cybermen had skeletal Cyber-bodies, the Cybermen who attacked the Dreadnought had immensely muscular Cyber-bodies. A Cyberman’s head is referred to as a Cyber-helmet, and it is frequently distinguished by a pair of side handles on the left and right sides of the helmet that joins above the helmet. There were eminent exceptions to this feature, though. The CyberMondans had a third side handle that connected to their heads at the back. In order to “stop caring” about the severe pain they endured both during and after their cyber-conversions, the CyberMondans aboard the Mondasian colony ship employed their side handles as an emotional inhibitor. These subsequent CyberMondans did not have side handles like the patients they evolved from. In contrast, some Cyber-Controllers had larger craniums rather than side grips. The Age of the Cyberiad was depicted by one Cyber-Controller as having a Cyberman wearing a Cyber-helmet without any side handles. Some Cybermen have weapons hidden inside their Cyber-helmets. While the Cyber-helmets of CyberNomads had four gun barrels that fired rapid bullets, the CyberMondans could unleash orange, blazing lasers from the centerpiece of their side grips. Other Cybermen Distinctions There are also other notable differences; the CyberMondans of Mondas still had natural, human hands, while the CyberMondans of the Mondasian colony ship, on the other hand, wore white gloves. Most other Cybermen were entirely covered by their metallic suits. Tobias Vaughn was one of the known partial conversions that still possessed human traits. Also, the Cybermen on the Moonbase and those that Eric Klieg freed on Telos were lean, emphasizing their emotionlessness, and spoke in a monotone, buzzing voice. The ArcHivist Hegelia recognized these Cybermen as CyberTelosians. Deeper voices and larger, more intimidating shapes were characteristics of the Cybermen that attempted to destroy Earth in 2526. These Cybermen were what Hegelia called CyberNeomorphs. Similar Cybermen also existed in the 1980s, and Hegelia identified them as “CyberIsomorphs” after the time-traveling Neomorphs first appeared in 1985. Early Mondasian Cybermen spoke in a quivering, sing-song manner with inflected syllables that appeared random. The face and hands of their costumes were not totally made of metal; rather, they were coated in a kind of toughened medical gauze. Although they resembled Pete’s World’s Cybus Cybermen (the ones from the parallel universe) in appearance, the Cybermen in the Doctor’s world lacked the Cybus emblem on their chest. Two Cybus units were in a post-Cyber-Wars collection, indicating that the conflict had brought the two Cyber-species together. The Cybermen possessed upgraded suits after the Cyber-Wars, presumably due to the hybridization between Pete’s World Cybermen and the Mondasian Cybermen. Their breast pieces on the new cyber-suits lit up blue. They were much more streamlined and compact than earlier variants. There was no wiring visible outside the suit. Cyber-conversion was the process through which physically similar and compatible humanoids were transformed into new Cybermen, allowing the alien race to multiply. Partial conversions, in which an individual wouldn’t be fully converted but would assume some Cybermen characteristics were also possible. Converting just human-like creatures was a huge drawback, but further development of the process allowed for them to convert corpses. Despite eradicating the weaknesses of the flesh from their form, Cybermen have weaknesses of their own. Original Cybermen were severely allergic to gold, whose mere touch could prove fatal to them, as it primarily affected their respiratory systems. However, early Cybermen used Cybus technology to eliminate more of their organic needs, such as the breathing system. Many Cybermen are vulnerable if their emotional inhibitor is damaged. The Thirteenth Doctor only assumed the post-Cyber-Wars Cybermen would be vulnerable to a neural inhibitor system, although feedback loops and damage to their neural inhibitor systems may damage their emotional inhibitor. They were still mostly bulletproof, but UNIT developed a golden-tip ammo specifically designed for Cybermen. However, they were also still vulnerable to EMPs, or smaller electrical interferences. Best Doctor Who Episodes Featuring Cybermen Since their introduction early in the series, Cybermen have appeared over two dozen times. Here’s a small breakdown of some of the most iconic Doctor Who episodes featuring Cybermen: The Tenth Planet — Ser2S4 — Classic Who The Cybermen first appeared in The Tenth Planet episode, which sadly didn’t include their origin narrative. Mondas, the identical twin of Earth that is home to the Cybermen, had made its way back to our solar system when they made their debut. Mondasian lifespans had decreased during their absence, so they created spare body parts until they could be nearly entirely replaced, giving rise to the Cybermen. As this was the adventure that introduced the regeneration and the Second Doctor — while also being the First Doctor’s last narrative. Earthshock — Ser6S19 — Classic Who The Cybermen from Mondas had only one clear option when an alliance of military powers to combat the Cybermen was being discussed on Earth: blow it up. When that fails, take control of a space freighter and destroy it by crashing it into the meeting. The Fifth Doctor did indeed beat the Cybermen, but this wasn’t a straightforward triumph. The TARDIS crew had to pay a terrible price… Rise Of the Cybermen/The Age of Steel — E5/E6S2 — New Who The Tenth Doctor finally had the chance to witness the process of cyber-conversion, which didn’t involve your typical Cybermen. Instead, he became caught up in a parallel universe’s development of the Cybermen. They had airships, so you could tell it was another Earth. These Cybermen started trampling their way across London after being created by John Lumic, the CEO of Cybus Industries. Thankfully, the Doctor had a strategy. Army Of Ghosts/Doomsday — E12/E13S2 — New Who The Cybus Cybermen appeared as spectral figures across our planet as they crossed the void between universes, appearing as if they had taken over the planet in one fell swoop. They had, however, pursued an unidentified sphere that they had not built through the emptiness. We won’t offer any further spoilers, but the Tenth Doctor was appalled when he discovered who actually developed it. It’s also the first time Cybermen had a run-in with the Daleks. Closing Time — E12S6 — New Who The Mondas Cybermen made their first full-on appearance within the New Series in Closing Time, in which they made their long-awaited comeback. The power source of a retail center woke up the Cyber-Ship crash survivors. After that, the Cybermen started to reassemble themselves using any spare parts they could locate and even started converting staff members into themselves. After noting the missing people and noticing power spikes in the region, The Eleventh Doctor discovered their existence. Dark Water/Death in Heaven — E11/E2S8 — New Who The Cybermen made another technical advancement during the Twelfth Doctor’s first encounter with them. They could now harvest the dead and resurrect them as Cybermen. The fact that Missy, the Master’s latest incarnation, appeared to be working with them only made matters worse. Her motivations for joining up with the Cybermen, however, completely caught the Doctor off guard. She wanted to offer him something. The Haunting of Villa Diodati — E8S12 — New Who The Doctor and her companions encountered the Lone Cyberman at Villa Diodati. The Lone Cyberman, whose true name is Ashad — pure nightmare fuel — was only partially transformed; his human visage was still partially visible. Ashad, who was partially human, detested all organic life and desired to bring the Cybermen back to their previous splendor. All he required to bring about that was? for the Doctor to hand up the Cyberium, an AI that held all of the Cybermen’s information. Ascension Of the Cybermen/The Timeless Children — E9/E10S12 — New Who Ashad embarked on his plan to restore the entire force of the Cybermen while traveling to the aftermath of the Cyber Wars. Little did Ashad realize that there was another power at work as Team TARDIS set out to stop him. The Master was back and had his own views on how the Cyber race should develop. He gave them the option to become Time Lords in exchange for their capacity to regenerate. This gave birth to CyberMasters, which we saw in the recent Special. How the Cybermen Have Evolved in Doctor Who Cybermen have evolved significantly since their first appearance during the First Doctor’s era in 1966. Everything about them changed, including the cybermen costumes, which evolved along with with the show’s scenography, and the cyberman head, which now has a more robotic look to it. Most important, however, is the evolution of their origin story. As stated above, the original Cybermen came from the tenth planet in our solar system. However, both Mondas and Mondasian Cybermen were destroyed following their run-i with the First Doctor. The Cybermen’s origin was then retconned in Tomb of the Cybermen, which completely altered the Cybermen’s background. They were returned to the series due to their popularity during the Second Doctor era, creating the first contradiction within the series. And though Cybermen continued to appear in the show for years to come, their origins remained a point of contention among the fans. The Sixth Doctor story called Attack of the Cybermen tried to reconcile the fandom by changing the backstory of the Cybermen once again. According to this version of events, the Cybermen originated on Mondas but had adopted the planet Telos as their home while restoring their birth world. This origin story was officially canon until David Tennant’s Tenth Doctor arrived and tried to rectify the narrative once again. The new iteration of the Cybermen’s origins stated that the alien race came from outside the Doctor’s universe after they managed to invade Gallifrey. Since the entire history of Cybermen created a mess within the canon, Steven Moffat came up with the solution. The newest version of their origin story, presented in The Doctor Falls, states that the Cybermen are a product of parallel evolution and an inevitable development wherever there’s life, regardless of the planet or universe they come across. But it also gives us something for the future. What More Can We Speculate about the Cybermen in the Future? Well, we can’t speculate much, unfortunately. The Cybermen, despite being among the Doctor’s oldest foes chronologically, never actually attained the Master’s level of maliciousness, which could be juxtaposed against the courage and selflessness of the Doctor. As such, they’ll always remain a story device rather than an actual opponent for the Time Lord. However, that could change. Moffet’s introduction of Cybermen as the evolutionary step of life, regardless of how aggressively anti-life it may seem, encapsulates all the previous origin stories into one. Interestingly, it also opens the door to any potential future origin stories and sub-species of Cybermen to co-exist within the same universe with the Cybermen we previously met. Doctor Who Cybermen Quiz Where Does the Doctor Encounter His Very First Cyberman? In "Nightmare in Silver," What is the Name that the Cyberiad Gave Itself When Possessing One Half of the Doctor's Consciousness? Which Version of the Doctor Never Encountered Cyberman at All From the Original Era? In 'Tomb of the Cybermen' What Cyber "Pet" Makes It's First Ever Introduction? Why Were the Cybermen Historically Allergic to Gold? Contributing Writer, BuddyTV Jason Collins is a freelance Pop Culture Journalist with a degree in English Literature. While he has had the distinct privilege of seeing Tom Baker up close he was not offered any Jelly Babies which was highly disappointing. When he’s not out on the hunt for the latest and greatest podcast he is lounging at home with more cats than he would care to disclose at this temporal moment.

https://www.buddytv.com/how-the-cybermen-have-evolved-in-doctor-who/