Risk

Ransomware attacks soared last year, pushing demand for coverage after the pandemic-induced work-from-home era also made remote workers more vulnerable to digital attacks.

The MGA market in the P&C insurance industry is experiencing significant changes, driven by trends such as growth in the excess and surplus space, prioritizing speed to response over speed to market, and the emergence of parametric insurance.

(Bloomberg) --California regulations restrict insurers from using sophisticated computer models to consider the rapidly growing wildfire risks from climate change — and that limitation is a factor pushing US insurers out of the state.

The technologies safeguard insurers' ability to understand historical data and remotely apply those insights to risk modeling and underwriting.

When embedded insurance is done right, it should educate and empower customers.

AVP Bret Martin talks about how digital transformation is changing risk management.

The nonprofit will work with the New York State Energy Research and Development Authority to fund innovators for insurance products that tackle climate-related risks.

Digital Insurance interviewed Angel Conlin, chief insurance officer at Kin, to discuss the company's solutions and involvement in areas prone to extreme weather.

By moving beyond legacy territorial ratings, every property can be rated fairly according to its actual exposure to loss.

Digital Insurance spoke with Sarah Downey, managing director, blockchain advisory leader and financial services claims leader at Lockton Companies, the global insurance brokerage firm.