AM Best TV & Audio
III: Retrofitting Buildings to Withstand Earthquakes Can Save Lives and Reduce Claims
Also, industry professionals discuss venture capital in insurtech and how most HVAC claims can be settled via repair instead of replacement.
- June 2021
The U.S. has learned from Japan that retrofitting buildings to withstand earthquakes can save lives and reduce losses, said Janet Ruiz, strategic communications director, III.
Venture capital has “pent-up demand” for insurtech investments, said Sanjiv Parikh, managing partner, Avanta Ventures.
About 75% of HVAC insurance claims can be handled by repairing the system without replacing it, said Jay Dykstra, technical education manager, HVAC Investigators.
Large container ships like the Ever Given, which blocked the Suez Canal for six days, raise challenges for insurers, said Andrew Kinsey, a maritime risk consultant for Allianz.
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Pandemic Affecting Consumer Perception, Sales of Life Insurance
Also, AM Best Audio explores the inland marine market.
Jonathan Roomer, co-founder of YuLife, explains that the pandemic has changed the way consumers view life insurance and is impacting sales along the way.
“I think we are at the top of the hard market” for inland marine, said Rich Soja, global head, Inland Marine, Allianz Global Corporate and Specialty.
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