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These three business models will dominate large commercial insurers

August 4, 2022 by Alyssa DiSabatino

Business changes rapidly, and not all business models can weather the storm — but three models will dominate the future large commercial insurance (LCI) market, KPMG said in a new report. The three models — named the agile global player,

News InsuranceTechnology

Disruption spawns opportunities for middle market, but risk preparedness concerning: Capital One

June 28, 2017 Disruption

There appears to be a divide between middle-market companies fully expecting that disruption will unfold and taking concrete steps to address whatever risk that change may bring, suggest findings of a new study from New York-based Capital One Commercial Bank.

News InsuranceMergers and AqcuisitionsTechnology

Incumbent insurers should rethink businesses, embrace opportunity in digital technology: McKinsey & Company

March 9, 2017 by Canadian Underwriter

The insurance industry is not impregnable and companies would be well-advised to reinvent themselves by incorporating digital technology and allowing it to become a catalyst, suggests a new report issued Thursday by McKinsey & Company. Some executives “know that staying

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Canadian P&C industry combined ratio improves to 96% in 2015 from 99% in 2014

October 7, 2016 by Canadian Underwriter

The property and casualty insurance industry in Canada reported an aggregated combined ratio of 96% in 2015, a three-point improvement from 99% in the previous year, driven by fewer severe weather and catastrophe events, the Office of the Superintendent of

News InsuranceProfessional DevelopmentTechnology

Customer expectations require carriers to move to digitalization

August 31, 2016 Angela Stelmakowich, Editor

There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at’s