The Institutes News

The Institutes to Add Insurance Information Institute to Its Affiliates Roster

The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards …

Rethinking the Limits of Parametric Insurance

It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …

5 Simple Risk Management Tips for Super Bowl LII

As we approach Super Bowl LII in US Bank Stadium in Minneapolis in which all-time great quarterback Tom Brady leads the Patriots against the underdog Eagles, what risk management issues are affecting the game and fans? Here are five that …

New Product Uses Blockchain to Show Proof of Insurance

The Institutes’ work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to production and is already in testing …

Brave New World: 1st Reinsurance Product Heads to the Blockchain

Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …

Look on the Bright Side of Transition to Autonomous Driving

The advance of driverless cars and the prospect that they will disrupt property/casualty insurance and change the way autos are insured has created plenty of industry anxiety. Even before that point, however, cars with drivers will likely share the road …

The Institutes Offers Insurance Data Analytics Designation

Insurance education provider The Institutes has launched an Associate in Insurance Data Analytics (AIDA) designation. The four courses leading to the designation provide an overview of advanced analytics and its application to the risk and insurance industry. The Institutes said …

How to Improve Insurance Industry Ethics

Support from leaders at the top of organizations is the key to improving the ethical climate in the insurance industry, according to a new survey of industry professionals. Punishing bad actors is one of the least effective strategies, the survey …

5 Risk Management Tips for the NFL Just in Time for Super Bowl

It’s been a rough year for American football. The National Football League has been plagued with a series of scandals. Commissioner Roger Goodell frequently seems befuddled, and it’s hard to discern any “plan” by the NFL other than to lawyer-up …

Risk and Insurance Experts Predict Thanksgiving NFL Winners, Losers

Ah, Thanksgiving. A time for family, good meals and joy – unless your team epically fails on national television, stirring your gut into an acidic cauldron of turkey, stuffing, cranberry sauce and mounting indigestion. It can be a risk to …