Welcome to The Connected Podcast, where we dive deep into the challenges and transformations defining the insurance industry. Our latest segment brings to light the crucial events and emerging trends that everyone in the sector should be privy to.
Join us as we unpack the profound challenge posed by the looming retirement of the insurance workforce. Learn about the U.S. Chamber of Commerce's projection of a 400,000 job gap within 15 years, and discover why adopting "up-sourcing" might be the key to bridging this imminent shortfall.
We dissect the implications of global unrest on property all-risk insurance programs, scrutinize the increasing litigation costs rocking the P&C landscape, and confront the overwhelming $24 billion annual loss adjustment expense. We're talking nuclear verdicts, aggressive litigation advertising, and the potential $40 billion windfall for plaintiffs' attorneys - it's a fiscal tempest the industry must navigate with care.
In our homeowner's insurance market focus, with Policygenius' report of a 21% insurance rate increase spinning heads, the stakes couldn't be higher. What does the mass retreat of major insurers from high-risk states mean for homeowners? Is the excess and surplus market a viable alternative? We explore the dichotomy of insurer downgrades amidst record revenues and spotlight Lemonade's innovative yet precarious position within this volatile milieu.
Honing in on regulatory reform and tech innovation, we delve into Florida's depopulation efforts and Japan's punitive measures against price-fixing to foster fair play. Then, we shift gears to discuss AI's revolutionary influence on auto insurance. What does the onset of telematics and dynamic risk assessment spell for the future of premiums?
And, we cannot ignore the digital revolution. We spotlight CCC's AI-driven revenue boost and delve into The Hartford's strategic operations and tech merger led by Deepa Soni. With insurtech's rise, will legacy systems be rendered obsolete?
Whether you're an industry veteran or a curious onlooker, The Connected Podcast is your exclusive window into the news and events reshaping the insurance ecosystem. Listen in for expert analyses, case studies, and strategic insights geared to keep you informed and ahead of the curve.
That Insurance Talent Crisis? It’s a Global Knowledge Opportunity
Geopolitical Risks: Why Underwriters Are Watching Aggregations
A Tipping Point for P&C Litigation
Top 4 Alternatives to Purchasing Homeowners Insurance
Increase in downgrades reveal challenges for US P&C re/insurers: Gallagher Re
We're not dead yet…
Private insurers get the okay to take Citizens Property Insurance policies in Florida
Japan: Around 130 execs of major P&C insurers to see pay cuts of up to 50%
AI Transforming Vehicle Insurance Risk Assessment
AI solutions for insurers and repair facilities helped CCC grow in 2023
Liberating today’s insurance industry from yesterday’s legacy systems
The Hartford Announces New Organizational Structure Combining Operations And Technology
