How to master insurance portfolio management
P&C and health pricing teams operate in a dynamic environment. They need to ensure that their current pricing strategy is not only appropriate for their policyholders but also accurately aligned with the evolving competitive and regulatory landscape. In reality, pricing executives act as insurance portfolio managers, constantly monitoring margins, loss ratios, and GWP to align with both the insurer's overall strategy and market competition. Recent regulations such as the UK's Customer Duty, also highlight the necessity for real-time identification of risk outliers within portfolios and the ability to explain these outliers to regulators, making this capability a regulatory requirement.
Child disability insurance pioneer Juno raises $8.5m in Series A funding
Juno, the first company in the U.S. to provide child disability insurance, has announced the successful closure of an $8.5m Series A funding round.
Embroker launches specialised insurance program for real estate professionals
Embroker, the digital insurance company simplifying the insurance buying experience for businesses, has unveiled its specialised coverage program designed for real estate agents and brokers.
Five Sigma unveils insurance industry’s first AI-powered Insurance Adjustment Agent
Five Sigma, a prominent AI claims management software company, has introduced the insurance industry’s first AI-powered Insurance Adjustment Agent, Clive™.
Insurity and Glia launch platform to transform digital engagement for carriers and MGAs
Insurity has partnered with Glia to launch a new platform designed to modernise and improve the way insurance carriers and MGAs interact with policyholders and agents.
Allianz Partners to provide medical assistance for Paris 2024 Olympic and Paralympic Games
Allianz Partners, a world leader in assistance services, has been appointed by the Paris 2024 Organising Committee for the Olympic and Paralympic Games to provide medical assistance and repatriation during the event.
Gradient AI raises $36m to advance AI solutions in insurance
Gradient AI, an independent provider of artificial intelligence (AI) solutions for the insurance industry, has successfully raised $36m.
Priceline and Cover Genius join forces to enhance North American travel protection
Priceline, the iconic innovator of online travel, and Cover Genius, the InsurTech for embedded protection, have announced a new North American partnership to introduce enhanced travel protection for flights, hotels, rental cars, and packages booked with Priceline.
Markel welcomes Rob Cole as new chief actuarial officer
Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), has announced that Rob Cole has joined the company as chief actuarial officer.
Bold Penguin partners with RT Specialty to enhance E&S insurance solutions
Digital solution platform, Bold Penguin, has announced a strategic partnership with RT Specialty, a leading wholesale distributor of commercial excess and surplus (E&S) insurance products and services.