Articles

Creating Harmony: What Cyber, Insurance Pros Can Learn from Music

Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could have more in common than it seems, according to guests on a recent episode of The Insuring Cyber Podcast. “When it comes to helping people become aware of complex subjects that are maybe unengaging or a little bit boring, music is one of those things that we c...

Workers’ Comp: A Shining Star in the P/C Sky, But the Future Is Less Bright as Workforce Changes

Workers’ compensation continues to be the shining star in the property/casualty insurance market. Despite a 9% decline in direct premiums written to $44.3 billion, and a combined ratio in 2020 (91.1%) that was just a few points higher than 2019 (88.5%), the workers’ comp line overall remains profitable, outperforming all other lines in the P/C market. There are concerns percolating in the backgrou...

A Paradigm Shift, from ‘Buying Insurance’ to ‘Selling Risk’

Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a leading broker of commercial insurance, reports that commercial property insurance premiums have experienced, on average, double-digit increases for five years in a row. One driver of these increases has been an ongoing spate of catastrophic weather events. F...