Copy
View this email in your browser | Forward to a colleague

What if Police Departments Can't Get Insurance?

Paul Carroll, Editor-in-Chief of ITL

While the debate continues about police departments in the U.S. and sometimes devolves into a national shouting match, insurers are starting to have their say, and their voice will be an important one. 

I've often said that no plan goes forward until the risk is dealt with -- you can talk about innovation all you want, but even Silicon Valley won't try something bold without insurance. Policing is no different. And insurers are starting to address police misconduct by doing what they do: raising rates to reflect the risks.

The costs of those risks have been heightened by the attention policing has attracted over the past few years and the changing attitudes that have resulted among many, including those on juries in civil lawsuits. So, those rate increases have a real bite and are starting to change behavior. 

continue reading >

New Podcast

Join Majesco’s Denise Garth and EPAM System’s Gail McGiffin as they discuss what the future holds for underwriting. Listen as they dive into the importance of data and digitalization to help insurers innovate and transform their business.

Listen Now

SIX THINGS

laptop

Why the Decline in Underwriting Quality?
by Michael Reilly

Many underwriting leaders, amid the industry’s growing focus on expenses, growth and analytics, have taken their eye off the ball of traditional underwriting quality.

Read More

Payment Processes Must Be Simplified
by Michele Shepard

Insurance companies pursue digital transformation and customer experience optimization but overlook some of the fundamentals. This is exemplified by payments.

Read More

EXPANDING CHANNELS FOR INSURANCE: A SPECTRUM FROM TRADITIONAL TO AFFINITY AND EMBEDDED

Sponsored by Majesco

The insurance purchase process can be complicated and difficult, but many insurers are taking a multi-channel strategy that makes it easier for customers. As organizations work to meet customers where and when they want to purchase, insurers must look at embedded insurance to gain a competitive advantage.

Read More

hands typing on keyboard in dimly lit room

Blueprint to Counter Ransomware Attacks
by Davis Hake

Insurers have collaborated on a detailed plan for small and midsized businesses, which find themselves in the sweet spot for ransomware attacks. 

Read More

school bus

Insurance Lines for Back to School
by Michael Giusti

From tuition insurance to life, health, auto or renter’s insurance, parents and their students should get ready for the risks a school year has in store.

Read More

construction workers

Workers' Comp: Back to the Future
by Mark Webb

While many agencies decry a “race to the bottom” by states, a true analysis of workers' comp benefits over the past half-century requires a far broader context.

Read More

Growing Power of Liquid Biopsies
by Hilary Henly

The idea that financial transformation can help insurers better serve their customers even as they position their businesses for rough seas is no longer theoretical.

Read More

MORE FROM ITL

ITL FOCUS SEPTEMBER: AI & Machine Learning

 

When I think of the potential for artificial intelligence, I hark back to my days at the Wall Street Journal, taking notes in my home-brewed shorthand in one of those long, skinny notebooks you may have seen reporters carrying around in their suitcoat pockets.

I still break out in a sweat when I recall interviewing the president of Mexico in the mid-'90s, in Spanish. I only knew how to take notes in English, so I had to translate on the fly, while still thinking about my line of questioning—and concentrating furiously so I would quote him so accurately that I wouldn't cause an international incident.

While AI would have been zero help back then, today it's remarkable. I just record an interview on my phone, and AI transcribes the conservation in real time with remarkable accuracy.

If you want to think about where AI can go from here, you can look back 25-plus years and see that the difference between then and now is, well, like magic, and then start to think about 10, 15 or 25 years from now.

Read More

Innovation Roadmap Webinar

As technology demonstrates its potential to transform the insurance industry, some insurers and startups are realizing it’s not a zero-sum game: they are stronger together than alone. Hear insurer and startup executives discuss this, and other perspectives gained from collaborating around insurance innovation and technology, in this Future of Risk webinar. Moderated by Paul Carroll, Editor in Chief of Insurance Thought Leadership, the panelists are Andy Cohen, President and COO of Snapsheet; Louis Gagnon, President and CEO of Foresters Financial Services Inc.; Peter Ohnemus, Founder and CEO of dacadoo; and Andrew Robinson, CEO of Skyward Specialty Insurance Group.

Register Today

Partner with ITL to create expert thought leadership content.

Custom Content
Promoted Content
Display Advertising
Custom Webinars
Monthly Topic Sponsorships
ITL Partner Packages and more


Learn more and get the 2022 Media Kit

GET INVOLVED

Write for Us

Our authors are what set Insurance Thought Leadership apart.
Get Started

SPREAD THE WORD

Share Share
Share Share
Tweet Tweet
Forward Forward
SUBSCRIBE TO SIX THINGS
Copyright © 2022 INSURANCE THOUGHT LEADERSHIP, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

TI Privacy Statement