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Editorial Team August 13, 2024 Europe, Insights, News

hyperexponential Report Finds 96% of Underwriters and Actuaries Let Down by Pricing Technology

hyperexponential, a specialist digital pricing platform for global (re)insurers, has found that while technological advancements have opened up significant opportunities, issues with the wider ecosystem and outdated networks are hindering innovation and limiting insurers’ efficiency, profitability, and ability to foster…

Editorial Team August 13, 2024 Climate, Europe, Insights, News

ABI Finds Extreme Weather Driving Record Claims and Premium Increases

The Association of British Insurers (ABI) stated this week that extreme weather has driven property insurance payouts to a record quarterly high in the last three months, underlining the growing threat that climate change poses to homes, businesses, and the…

Editorial Team August 12, 2024 Conferences, News, Strategy, Technology, USA

“Creating a culture of innovation requires new playbooks,” says MetLife’s Bill Pappas

The insurance industry is undergoing so many changes that its time to rewrite the rule book and approach innovation, talent retention and culture creation from a different perspective, according to Bill Pappas, EVP & Head of Global Technology and Operations…

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