"With the hurricane, you knew when and at what time it would arrive," Puerto Rico, Guayanilla resident Tatiana Rodriguez, 28, said, adding of the quakes, "This, you don't know at what time it's going to happen." This is the un-happy experience reported by CNN of many people this week in Puerto Rico.
With earthquakes back in the news from Puerto Rico with a 6.4 Magnitude shock and many aftershocks, this got me thinking about how we can respond with insurance and what warnings people get.
Is there any 'community' in insurance? When many industries are all trying to help those in need or to raise awareness of good causes, why does insurance fail at this - the one product designed to help and support communities in their time of need?
How does the investment in InsurTech measure up to the other areas such as can be seen on display at this years CES Expo in Las Vagas? An odd comparison? Maybe but the insurance industry seem to be struggling for innovation, growth and acquiring talent.
The sharing economy is here to stay and was one of the fastest growing business trends of the last decade, although at this point in time it’s impossible to know the actual size of the sharing economy because many of the companies are private and don’t publish their full business results.
There is a sea change coming to Insurance, this sea change is about AI, its been talked about for a few year but now it is coming. The big promise is that it will be used to improve process in dealing with claims pricing, and placing insurance. It will open up a sea change in innovation.
Posted in MicroInsurance blog on Oct 22, 2019
Brokerslink global insurance conference. Another successful year of growth.
Posted in MicroInsurance blog on Aug 31, 2019
Oh! - Darling, you got to let me know - Should I stay or should I go? - If you say that you are mine - I'll be here till the end of time - So you got to let me know - Should I stay or should I go? The Clash, not quite the soundtrack people will be listening to with Dorian expected to make landfall on Tuesday. But the sentiment will be well known to Florida residents as they are engaged in a complex, high-stakes set of financial, logistical and psychological calculations of whether to stay or go.
Posted in Cyber Insurance blog on Aug 13, 2019
A cyber-incident response plan should be developed as part of a larger business continuity plan, which may include other plans and procedures for ensuring minimal impact to business functions (e.g., disaster recovery plans and crisis communication plans). Recovery activities encompass a tactical recovery phase and a strategic recovery phase. But why is this important? and.... How do you start?
Check out coverageR - a great insurtech resource - and an interview with Harry Croydon, CEO of STP Risk Services LLC