The increased pace of technological advancement and some distinct examples of radical disruption led to a recent period of intense scrutiny/activity/focus on innovation during which many (all?) market incumbents felt the need to engage in peer comparisons to ensure they were not in imminent threat of being left behind. A Delloitte white paper, InsurTech Entering its … Continued
Mentoring Millennials & Engaging Employees A hot topic in our industry is the graying of our workforce. Because of the millennial’s growing influence, Vertafore does an annual survey on Millennials in Insurance to “take a pulse of the industry from the millennial perspective.” A recent Rough Notes Article suggests that we must “tell a more compelling story about our industry.” … Continued
Last week Property Casualty 360 posted two articles on Driverless Cars: High Hopes and Deep Anxieties of the Driverless Future and the more ominously titled: Self Driving Cars May One Day Kill Auto Insurance as We Know It These are just two of many articles we’ve seen over the last few months focusing on … Continued
A recent Forbes article highlighted additional states expected to legalize medicinal use of cannabis this year, as well as those expected to legalize recreational use. As the cannabis industry continues to evolve in states across the nation, regulation of this emerging industry has become a hot topic, as has the ability of the insurance industry … Continued
On Monday, President Trump signed an executive order aimed at increasing research and development of Artificial Intelligence (AI) technology. But how can AI be used in insurance? What does it mean for the industry? We’re seeing more and more insurers embrace the value brought by AI technology, using it for a range of … Continued
This article originally appeared in the January 25, 2019, issue of The Standard. The Insurance Library of Boston has been providing risk management and insurance educational offerings for more than a century, and today offers a full range of courses to meet the needs of every professional in the field. The library’s instructors are a … Continued
This article originally appeared in the January 25, 2019, issue of The Standard. The Insurance Library Association of Boston recently named Paul Tetrault, JD, CPCU, ARM, AIM, as its new executive director. The Standard sat down with Tetrault and the association’s librarians to discuss the library’s educational offerings, its collection and plans for the future. … Continued
This article originally appeared in the January 11, 2019, issue of The Standard. Several New England states are likely to see significant efforts to enact the National Association of Insurance Commissioner’s (NAIC) cybersecurity model law, officially titled the “Insurance Data Security Model Act,” during the 2019 legislative session. The model law establishes standards for insurers … Continued
