Mutual Insurers Form Tight Bonds With Reinsurers

1:43

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.

 

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.

 

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.

 

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.
 

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.

Copyright © 2017 A.M. Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED.