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With over 50 elections worldwide this year, experts weigh in on the rising intensity of political engagement, growing access to information, and the increasing potential for unrest and violence. Watch this clip from Between the Lines with Jeffrey Kingsley of Goldberg Segalla about his thoughts — to watch the full Between the Lines episode, visit carriermanagement.com/research.
The post Global Election Surge Spurs Rising Tensions: A Look at Unrest and Political Violence in 2024 appeared first on Insurance Journal TV.
Andrea Wells of Insurance Journal talks with Kyle Sternadori from The Hartford about the importance of proactive communication in managing rate increases and strengthening partnerships between insurers, brokers, and retailers at the WSIA annual conference.
#RateIncreases #WSIA2024
The post Navigating Rate Increases in Wholesale Insurance appeared first on Insurance Journal TV.
Andrea Wells of Insurance Journal reports from WSIA’s annual conference and talks with Neil Kessler of CRC Group on how building a partnership-driven culture is helping wholesale insurance firms thrive in a changing market landscape. Despite industry evolution, the wholesale model continues to grow as long as value is consistently provided to retail agents.
#InsurancePartnerships #WSIA2024
The post Strengthening Partnerships: The Key to Success in the Evolving Wholesale Insurance Market appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Joe Harrington about his most recent class, D&O Coverage for Public Investigations.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Joe Harrington appeared first on Insurance Journal TV.
Predictive and automation tools are empowering insurers to assess weather-related risks more accurately by integrating comprehensive data and preemptively managing potential claims. Global insurers can now assess total exposure by combining data across multiple business segments, such as offshore energy and specialty lines, for events like hurricanes. Watch this short clip with Elizabeth Blosfield’s interview with Doug Ross about these topics — to watch the full episode, click here!
#WeatherRisk #PredictiveAnalytics
The post How Predictive Analytics and Automation are Revolutionizing Weather Risk Management for Insurers appeared first on Insurance Journal TV.
In this update to our Between the Lines episode, “Elections, Unrest, and Insurance: A Global View,” Elizabeth Blosfield delves deeper into former President and presidential candidate Donald Trump’s assertion that auto insurance rates have increased by 73%. An expert weighs in on the accuracy of this figure and the various factors contributing to rising premiums. Ian Adams, executive director of the International Center for Law and Economics, shares his insights on whether political promises can truly influence state-regulated auto insurance rates. To watch the full episode and discover how global elections might impact the insurance industry, tune in now!
The post Breaking Down the 73% Auto Insurance Rate Claim: What’s Behind the Numbers and Presidential Candidates’ Promises? appeared first on Insurance Journal TV.
The cannabis industry has made significant strides in security, standardizing systems nationwide while dispelling concerns over crime and property values in communities.Watch this excerpt from the Insuring Cannabis Summit where Ed Allen of Story Cannabis talks with moderator Charles Pyfrom of CannGen about what he’s seeing in the industry. To watch the full panel, visit insuringcannabissummit.com today!
#CannabisSecurity #BusinessGrowth
The post How Evolving Security Measures are Shaping the Future of Cannabis Businesses appeared first on Insurance Journal TV.
The insurance industry is leveraging big data and real-time monitoring to automate risk assessment, driving more accurate predictions and risk mitigation strategies. Insurers are increasingly using GIS and hyperlocal data to enhance risk modeling for both residential and commercial properties. Real-time monitoring systems, such as electrical monitoring in commercial buildings, are generating vast datasets that feed predictive analytics. To listen to Elizabeth Blosfield’s full interview with Behzad Salehoun, click here!
#BigData #RiskAssessment
The post How Big Data and Advanced Analytics Are Transforming Risk Assessment in Insurance appeared first on Insurance Journal TV.
Retail agents are increasingly comfortable with surplus lines markets, overcoming misconceptions and effectively communicating coverage benefits to clients, boosting market strength — check out this interview from WSIA of Bill Gatewood, Burns and Wilcox as he talks with Insurance Journal’s Vice President of Content, Andrea Wells.
Main points of discussion:
#SurplusLines #InsuranceEducation
The post Retail Agents Embrace Surplus Lines, Leading to Stronger Client Relationships appeared first on Insurance Journal TV.
On this installment, we learn what’s on the minds of some 2,000 independent agency staffers. Jess Butler, VP of Vertafore, which conducted a national survey, outlines how agents are managing talent, the hard market and technology. Some 70% of respondents said they’re having difficulty placing risks, Jess reports. With a higher workload, 55% said they’re dealing with increased stress. A third of respondents have added new tech tools as a response to managing turbulent market conditions in the last year. Moreover, the agent/carrier relationship is under pressure—a third said they’re looking for new carriers. “There are opportunities for wholesalers and MGAs here,” Jess notes. When Vertafore asked respondents if they would refer a friend to an insurance career opportunity, only 20% said yes. “That number has been dropping since we’ve been surveying agents,” says Jess. “They’re feeling the pressure of the hard market.” She also offers great suggestions on how insurance firms can attract younger workers by changing the conversation on what it’s really like to work here.
The post Hard Market Woes Hammer Morale appeared first on Insurance Journal TV.
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