innovation News

Cooper Gay Appoints Hacker as Group Chief Innovation Officer

Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group CEO. Hacker will develop risk and advisory …

As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging

It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has been studying the phenomenon for several years, favors “crowd-based capitalism.” But he …

Carpenter Launches New Version of Client Portfolio, Risk Management Platform

Guy Carpenter & Co. announced the launch of GC AdvantagePoint® 2.0, the latest release of its client portfolio and risk management platform. With GC AdvantagePoint 2.0, clients are able to easily leverage the technology to make strategic decisions through the …

Top 10 Property/Casualty Insurance News Stories of 2015

The year 2015 was a year during which the property/casualty insurance industry worried and learned about disruptive forces, new competitors, new leaders and emerging risks. Also, some of the industry’s news revived long-running stories. It was a year when P/C …

FERMA Forum Focuses on ‘Great Difficulties’ in an Ever Riskier World

The FERMA Forum differs from the Reinsurance Rendezvous in Monte Carlo, as it is mainly attended by corporate risk managers, rather than reinsurers and brokers. This year, however, two overriding concerns were uppermost in the minds of those attending both …

Insurance Sector Struggles to Innovate: KPMG International Survey

While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a KPMG International report released this week. Based on a survey of 280 …

Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture

Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their business, a report from consulting …

Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick

XL’s CEO Mike McGavick doesn’t mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. Address emerging risks, innovate, create new products and provide potential insurance buyers with …

Special Report: Top 10 Innovative P/C Insurance Products

In the past few years, dozens of property/casualty insurers have announced innovative protections for risks involving new technologies, current economic concerns, personal and family relationships, home-based small businesses, and more. “This is a new era in property/casualty insurance. Innovation is …

UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance

In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …