Mutual Insurers Form Tight Bonds With Reinsurers

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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.
 

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.

 

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.

 

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.

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