Published: February 2020
College Standouts
A Global Conversation: Rules of Attraction: Industry professionals talk to AMBestTV about how to make insurance a career choice for students and people outside of the industry.
AM Best TV & Radio: Active Shooter Coverage, Levee Risks and Cyberrisk: AMBestTV reports on the annual conference of the National Council of Insurance Legislators, held in Austin, Texas, where topics included active shooter insurance. Video news also includes coverage of the Insurance Industry Charitable Foundation’s annual benefit dinner as well as a closer look at the nation’s levee system and the cyber insurance market.
AM Best Webinars: How Analytics Aids Compliance Efforts, a Deep Dive Into Homeowners Trends: An AM Best webinar examines how life insurers use predictive modeling to attain compliance. Also, a look at how data is helping homeowners insurers make better decisions.
Asset Management: Standing at a Crossroads: For life insurers, moving into asset management requires facing new options and decisions about where to invest and grow the portfolio, where to harvest and which areas to exit.
At Large: Casualty Catastrophe: Insurers are headed toward a crisis after underpricing casualty risk for a decade.
Best's Rankings: World’s Largest Insurers: Health underwriters see gains in ranking.
College Standouts: Programs: Beyond The Classroom: Industry professionals offer their ideas about what college RMI programs could do to better prepare students for careers in risk management and insurance.
College Standouts: Survey: College Standouts: Middle Tennessee State University, which didn’t make a blip on the radar in Best’s Review’s last survey, was the top vote-getter in this year’s poll of top risk management and insurance programs. The result was surprising…until you learn the origins of the program.
Executive Changes: EMC Insurance Cos. Names Successor as President and CEO Bruce Kelley Retires: Also: Penn National names new president and CEO, Inga Beale joins Clyde & Co. board and Plymouth Rock CEO announces retirement.
From the Editor's Desk: Back to School: Best’s Review focuses on insurance education in this issue. A Best’s Review survey asks industry professionals which college risk management and insurance programs are doing the best job.
In the News: Regulatory Update: Rate increase in North Carolina and Saudi regulator bans brokers from selling reinsurance and insurance at the same time.
In the News: UK Regulators Warn Insurers Over Harassment, Diversity: The Financial Conduct Authority says poor culture in financial services impacts consumers and the market itself.
Industry Updates: A Repeat Performance: Munich Re: Typhoons in Japan are the costliest natural catastrophes for the second year in a row.
Industry Updates: Cyber Evolution: The industry breaks new ground by planting cyberrisk in the capital markets.
Insurance Marketing: Building on Brand: Insurance is becoming a dominant brand category among U.S. consumers, and MassMutual is celebrating NHL players’ special moments in a multimedia ad campaign.
Life Insurance: Gaining Insight: Epigenetics can uncover how poor health habits can affect future wellness and is being viewed as a potentially powerful underwriting tool.
Medical Professional Liability: Change in Diagnosis: Observers say the medical liability market is beginning to harden as higher jury awards, eroding tort reform sink in.
Next Wave: Beyond Looks: To change the industry’s image, managers must be open to hiring people who look different than them.
Regulation: Health Care Sharing: An Alternative Approach: Health care sharing groups operate outside of the norms of mainstream health insurance. Some say it’s time to regulate them.
Regulation: Life Insurance: Tapping a New Resource: Electronic health records set to turbocharge life insurance underwriting.
Regulatory/Law: Play Ball!: Schools shouldn’t assume they are protected from lawsuits when a student athlete gets injured during a game.
Risk Adviser: Going Up: Insurers face rising loss costs due to increased litigation and nuclear verdicts.
Technology: Take on a New Role: The increasing focus on data is driving chief risk officers to wear two hats, including that of chief data officer.
The Last Word: For the People: Insurers and brokers are adding a new position to the C-suite—the chief people officer.
What AM Best Says: Lands of Opportunities: The diverse, expansive Southeast Asia region offers unique challenges and new prospects for the insurance industry.