AM Best TV & Audio
Severe Weather Across US Could Trigger Record First-Quarter Catastrophe Claims
Also, industry professionals discuss the value of automating underwriting and compromising on insurance policy.
- May 2021
Severe weather impacted 70% of the U.S. from Feb. 12-18, said Marc Marcella, principal scientist, AIR Worldwide, and David Blades, associate director, AM Best.
Rather than seeking complete automation, commercial lines can benefit from automating specific underwriting steps, said Gary Grose, executive vice president of Argo.
The most recent bipartisan insurance policy to pass in Congress was the Terrorism Risk and Insurance Act after 9/11, said David Sampson, chief executive officer, APCIA.
Rather than make incremental changes, insurers should go upstream to their customers, said Hemant Shah, co-founder and CEO, Archipelago.
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New Program to Help Brokers,Clients With Benefits Administration
Also, AM Best Audio explores the importance of keeping data current.
James Ocampo, executive vice president and head of Wellfleet's Workplace Benefit Division, discusses the company's new Lighthouse platform, designed to make quoting, implementing and administering workplace benefits more accurate and efficient for brokers and clients.
Sandeep Kharidhi, general manager of data and analytics platforms at Deluxe Corp., explains that it's not enough to have a mountain of data; keeping the data up to date is more important than ever.
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