Shelter Re's Lockard: Insurance Industry Is on Cusp of Transition

Greg Lockard, director of reinsurance operations, Shelter Re, said advances in technology and advancing consumer expectations are driving change throughout the insurance industry.

IBM's McLaughlin: Tech Helps Insurers Create Risk Tools for Users

Mark McLaughlin, global insurance director, IBM, said insurers will benefit from developments in data, artificial intelligence, cloud computing and industry platforms.

Element AI's Dugas: Artificial Intelligence Needs Computing Power, Systems

Charles Dugas, director of insurance solutions, Element AI, said insurers that want to implement an artificial intelligence program must work from a digital, modernized technology platform with access to data sources and computing power.

Mutual Insurers Form Tight Bonds With Reinsurers

Insurers and reinsurers at the Meeting of Reinsurance Officials in Montreal said mutual insurers lack stock companies' range of access to capital sources, which is why many look to reinsurers for help with capital and expertise.

Cyber Panel: Pre- and Post-Loss Services Are Key Elements of Cyber Products

A panel of cyberrisk experts gathered by A.M. BestTV at the Meeting of Reinsurance Officials in Montreal said insurers are using data to create and price cyber products, and that clients care about much more than financial indemnity.

AMBTV Panel at MORO: Growing Global Protectionism Undermines Reinsurance

Insurers and industry leaders on an A.M. BestTV at the Meeting of Reinsurance Officials said nations that restrict cross-border insurance, manipulate interest rates and react to disasters with short-sighted solutions.

American Ag's Graham: As Legality of Cannabis Grows, Insurers Find Ways to Cover

Lorie Graham, chief risk officer and senior insurance manager, American Agricultural Insurance, said cannabis growers and distributors face a range of challenges including overlapping jurisdictions that disagree on its legality.

CyberScout's Cullina: Cyberrisk Operating in 'Post-Exposure World'

Matt Cullina, CEO, CyberScout, said cyber-related risks have evolved from data breaches to more targeted attacks that look to quickly monetize purloined data.

Willis Re's Barnes: Mutual Insurers' Policyholders Want a Big-Picture Solution to Cyber

Michael Barnes, assistant vice president, Willis Re, said mutual insurers' focus on policyholders likely means they would rather develop more complex solutions tailored to policyholder needs, than develop simple, limited products.

Swiss Re's Duffield: Mutuals May Have Edge in Managing Disruption

Chris Duffield, senior vice president, Swiss Re Canada, said some mutual insurers may be able to better negotiate changes to the insurance environment because of their focus on their policyholders and corporate values.

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