Five-year benchmarking analysis of AM Best-rated nonlife companies’ innovation assessments indicates that COVID-19 widened the innovation divide, with a clear link to better top-line growth for insurers with more-developed innovation initiatives. AM Best formally integrated its criteria procedure, “Scoring and Assessing Innovation,” in March 2020, but for the purposes of this analysis, considered operating performance… Continue reading Best’s Special Report: Global Nonlife Insurers Leverage Innovation for Financial Strength
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