Across the board, consumers are increasingly demanding digital payment options.
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Why Strong Carrier Partners Are a Must in a Hard Market
The hard insurance market for many product lines continued throughout 2023, with rate pressure, underwriting scrutiny, and capacity restrictions expected into 2024. A strong partnership with your carriers is essential for agents to navigate this hard market, help clients get the insurance protection they need, retain business, and gain new customers.
Amwins Completes $1 Billion Recapitalization Transaction
Amwins Group, Inc., the largest P&C wholesale broker and global distributor of specialty insurance products and services in the U.S., announced the completion of a significant recapitalization transaction with its existing shareholder group.
Two Former NBA Players Are Convicted Over Roles in Health Care Fraud
A federal jury in Manhattan on Wednesday convicted two former National Basketball Association players over their roles in a scheme to defraud a league healthcare plan into paying millions of dollars for bogus medical procedures.
Great Plains Casualty Implements INSTANDA to Help Achieve 8X Growth Factor
INSTANDA, the global provider of no-code insurance platform technology, is proud to announce its role in partnering with Great Plains Casualty Insurance to power the carrier’s commercial trucking package.
W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters
W. R. Berkley Corporation today announced the appointment of Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman of the business.
Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination
Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.
Why Are Insurance Companies Laying People Off?
Major players like Farmers and GEICO are cutting back their workforce by 11% and 6%, respectively. What’s going on? The headlines alone might evoke a sense of dread, but a deeper look into the pressures driving the cutbacks reveals the potential for emerging opportunities. A behind-the-scenes look into how insurance companies are pivoting suggests that… Continue reading Why Are Insurance Companies Laying People Off?
Agents, Brokers See Slight Organic Growth Rate Deceleration
The organic growth rate of the independent insurance channel was 10.2% for the third quarter of 2023, representing a slight 1.0% drop from Q2.
Heightened Economic Risks Dominate G20 Business Leaders’ Near-Term Concerns
According to new data from the World Economic Forum, economic and societal threats – such as economic downturn, inflation and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, based on a survey of business leaders globally.