Published: April 2022
AM Best Multimedia: Panelists Explore Trends Affecting Systemic Cyberrisk and How the Industry Can Address Them: Professionals also discuss how insurers, brokers and customers can collaborate to improve cyber insurance.
Asia-Pacific: New Insurers to Drive Digitalization in South Korea Non-Life Segment: The emergence of digital insurers could spur changes to traditional business strategies and structures.
At Large: Mature Markets Are Still Important and Offer Both Value and Growth: The reports of the death of mature markets have been greatly exaggerated.
Best's Rankings: Largest 30 Asia-Pacific Insurers — 2022 Edition: Insurers were ranked by 2020 gross premiums written.
Book Store: Author: Agents Need to Transition From Generalists to Specialists: In his book, Troy Korsgaden discusses why agents need to change their organizational structure to grow their businesses.
Corporate Changes: Property/Casualty Corporate Changes: Associated Indemnity Corp. and Americas Insurance Co. are among the U.S. property/casualty insurers that have experienced a corporate change.
Cyberattacks: Insurers Pitch Stand-Alone Cyber Policies as ‘War Exclusion’ Faces Uncertain Future: Insurers and their advocates say two lawsuits targeting the use of the war exclusion in property insurance contracts illustrate the need to purchase stand-alone cyber policies amid the rise of ransomware attacks.
Executive Changes: Generali’s Chairman to Step Down; Three Board Members Named: Also, Prudential group CEO retires, the Consumer Federation of America’s director of insurance departs and Great American names successor.
From the Editor’s Desk: Risk Managers Hustle to Stay Abreast With a Fast-Changing Risk Landscape: The April issue examines the role of the risk manager as risks and working conditions change. The issue also includes a look at nonfungible tokens backed by life settlements.
Industry Updates: Biometrics Laws and Regulations Poised to Become a Flash Point for Insurers, Market Watchers Say: The stakes are high for insurers because the penalties faced by their insureds are potentially astronomical.
Life Insurance: Investment Firm Puts a New Face on an Old-Fashioned Product With NFTs Backed by Life Settlements: Nonfungible tokens have gotten a bad reputation in the recent past, leaving many investors to scratch their heads at what they really have to offer. Sundance Strategies hopes to “legitimize” NFTs with an offering that is backed by $850 million in life insurance settlements.
Preferred Publisher Program: In Other News ...: A roundup of news from publishers around the globe. Access to some sites may require registration or subscription.
Risk Adviser: The NAIC Should Address Workers’ Comp Burial Benefit Disparities: Burial payouts from states for work-related deaths can range from $3,500 to $96,000.
Risk Management: Insurtech Exec: ‘Holistic’ Approach Is Key for Risk Managers as Offices Reopen: Risk managers have to ensure "that you have a happy workforce holistically" because many employees are at home and working longer hours, said Emilio Figueroa, chief insurance officer, Foresight.
Risk Management: Risk Managers Walk a Tightrope: Risk managers say they’re seeing their roles evolve as the old work environment undergoes profound change.
The Last Word: Allstate, John Hancock Partner to Reward Safe Driving, Healthy Lifestyle Habits: The partnership came together in January after driving fatalities jumped 18.4% in the first six months of 2021 over 2020, the companies said.
Trending Research: Top Trending Best’s Research Includes a Stop-Loss Segment Report: Also, US property/casualty top line premiums went up, loss ratio deteriorated through 3Q 2021.
Web Traffic: Visits to Asia-Pacific Insurers Sites: Japan Post Holdings leads web analytics provider Semrush's ranking of the Largest Asia-Pacific Insurers based on 2020 gross premiums written.