Commercial Lines

Employers need to build a better bridge between workers' comp and LTD to better manage the common ground between them – the employee’s health.

Entrepreneurs are so active, whether on their own or within marketplaces such as Uber and Airbnb, that there is a whole new category of risk. 

Parametric insurance is often bought as a complement to indemnity insurance, but newly announced hybrid, parametric/indemnity products will launch in 2022.

The insurance industry faced a wake-up call when the pandemic exposed just how unprepared insurers’ digital capabilities were in a crisis.

Carriers that continue to work from vague three- to five-year timelines will lose market share and perhaps wind up as someone else’s acquisition.

Even as insurers focus on innovation and the technology that will enable it, they still must maintain and operate the legacy systems that run the business. What if it’s possible to spend less time and money on those systems, freeing resources to focus on developing systems that will really move the needle for the business?

High-impact issues relating to workers’ comp, healthcare and risk management need more attention.

The trends stem from a changed work landscape, expanded use of ADAS, climate change, new customer expectations and complexity.