Insurtech Insights’ Post

Discover how First Notification of Incident (FNOI) is revolutionising proactive response to major catastrophic events in this piece written by MIS Head of Sales & Marketing, Daniel Grimwood-Bird. Daniel dives into how the concept of FNOI could transform claims processing by offering insurers the opportunity to be proactive and efficient, alleviating the pressure put on policyholders to initiate the process. Read the full article on Insurtech Insights.  

Global nat cat insured losses of $118bn last year were 31% above the average for this century, according to new figures from Aon. Like other brokers and reinsurers, it reported that losses exceeded $100m for the fourth year in a row as the number of large natural hazard events hit record levels, although insured losses were down from $132bn in 2022. There were 66 billion-dollar economic loss events last year, and 37 billion-dollar insured loss events. More 👉https://ow.ly/lRj850QtXWV Aon #InsuranceNews #Reinsurance

🎥 Swiss Re’s Roder highlights challenges and opportunities in casualty lines One of the key takeaways from the recent Rendez-Vous de Septembre in Monte Carlo was the ongoing caution among reinsurers around casualty lines amid a complex risk landscape... https://lnkd.in/gksevcWG Patrick R. | Swiss Re | George Abbott #BBRe24 #TheInsurerTV #CloseQuarter #reinsurance #insurance

Heading to today's Claims Leaders Summit in Sydney? Make sure to stop by the Nearmap booth to explore how our transformative one-stop property intelligence solution is helping insurers understand risk at a property level, mitigate the impacts of climate change, and deliver better service to policyholders. We look forward to seeing you there! 👋 #IBClaimsLeadersAU #Insurance #InsuranceClaims #PropertyIntelligence

Global nat cat insured losses of $118bn last year were 31% above the average for this century, according to new figures from Aon. Like other brokers and reinsurers, it reported that losses exceeded $100m for the fourth year in a row as the number of large natural hazard events hit record levels, although insured losses were down from $132bn in 2022. There were 66 billion-dollar economic loss events last year, and 37 billion-dollar insured loss events. More 👉https://ow.ly/G3TF50QtXWY Aon #InsuranceNews #Reinsurance

Facing increasingly unpredictable and destructive wildfires, insurers grapple with complex challenges in risk assessment, coverage, and claims response. Forbes McKenzie of McKenzie Intelligence Services explains to readers in, 'Texas Wildfires Illustrate Challenges.' #Insurance #wildfires https://lnkd.in/e2pexq4s

Is inaccurate risk classification costing your small commercial insurance portfolio? Our latest white paper explores the critical role of reliable North American Industry Classification System (NAICS) codes in helping small commercial insurers avoid potential downstream impacts of unintended risk selection and pricing discrepancies. https://ow.ly/amEE30sCaTQ #CommercialInsurance #Insurance #Underwriting #Verisk

Is inaccurate risk classification costing your small commercial insurance portfolio? Our latest white paper explores the critical role of reliable North American Industry Classification System (NAICS) codes in helping small commercial insurers avoid potential downstream impacts of unintended risk selection and pricing discrepancies. https://ow.ly/Lc0e30sC9Lw #CommercialInsurance #Insurance #Underwriting #Verisk

Is inaccurate risk classification costing your small commercial insurance portfolio? Our latest white paper explores the critical role of reliable North American Industry Classification System (NAICS) codes in helping small commercial insurers avoid potential downstream impacts of unintended risk selection and pricing discrepancies. https://ow.ly/78Q230sCBT1 #CommercialInsurance #Insurance #Underwriting #Verisk

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