Editor’s Note

Automating Insurance Jobs

Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, “Automating the Insurance Industry.” The consultancy urged insurers to “rethink their …

Making New Habits

As January comes to a close many have already broken their annual New Year’s resolution promise. But the key to setting resolutions that stick is to turn those resolutions into habits, says Josh Klapow, Ph.D., a clinical psychologist at the …

Bases of Discrimination

Workplace harassment goes far beyond sex and race discrimination. Today discrimination claims can stem from age, disability, religion, national origin, sexual orientation and gender identity, according to a panel of experts reporting to the U.S. Equal Employment Opportunity Commission’s (EEOC) …

Disruptive Change

U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand and “heightened regulatory creep,” consultant Ernst & Young said in a new report. “Insurers that stay ahead of these shifts should …

Health Care Costs

Open enrollment – the time of year that many employees and employers either love or hate. Well, mostly hate because today’s health insurance open enrollment usually means higher costs – at least for my family of four. But according to …

Gender Gap Closing

Male risk managers in higher education are paid more on average than their female counterparts but the gap is closing as women gain experience in the field, according to a survey on risk manager compensation. Male risk managers in higher …

Flipped Upside Down

A rise in on-demand car services and the adoption of autonomous vehicles will be contributing factors to a huge reduction in the size of the auto insurance market, according to a report by the consulting firm KPMG. In its report, …

Consumer Risks & Worries

Joe Public has joined U.S. business owners in worrying about cyber risk more and more. Cyber-related concerns grew by more than 20 percentage points among consumers from last year, moving from the fifth-ranked to the third-ranked concern overall, in the …

Embrace Diversity

Willis Great Britain CEO Nicolas Aubert issued a call to the re/insurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic approach to hiring. Aubert was speaking at the start of the …

How Big Is Cyber Risk?

Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber insurance premiums will grow globally …

Editor’s Note Archives by Month