Adam Denninger

Featured in: Favicon

dig-in.com Favicon

ffnews.com

Articles

Hurricane season is here: How the insurance industry is bracing for more climate disasters

Jul 9, 2024 | dig-in.com | Courtney Hoff Dockerty |Adam Denninger |Mike Becker |Jason Kaminsky

Enjoy complimentary access to top ideas and insights — selected by our editors. Hurricane season began on June 1 and will last through November, with the National Oceanic and Atmospheric Administration (NOAA) predicting an active Atlantic hurricane season. Recently, these storms have become increasingly catastrophic and have caused costly damage, driving insurers to make changes in regions that are more likely to experience hurricanes.
Retreat from globalism: What it means for the modern insurer?

May 2, 2024 | dig-in.com | Adam Denninger

The property and casualty (P&C) insurance industry is facing a challenge it has never confronted before – a massive shift from the last 35 years of globalized mass production of goods and services back to fragmented, protectionist production networks and supply chains. True, carriers are accustomed to weathering storms. When disaster strikes, the insurance industry is there to provide a safety net and help rebuild what has been lost.
Insurance Leaders Optimistic About AI’s Impact on Underwriting

Apr 17, 2024 | ffnews.com | Katy Garnham |Adam Denninger

The Capgemini Research Institute’s World Property and Casualty Insurance Report 2024, published today, reveals the underwriting capabilities of insurers are being restricted by organizational constraints. According to the report, only 8% of property and casualty (P&C) insurers are regarded as underwriting “trailblazers” who are consistently outperforming mainstream carriers by leveraging AI-driven insights and automation to make informed decisions and accurate risk assessments with efficiency.
Climate crisis: How P&C insurers can move forward

Dec 7, 2023 | dig-in.com | Adam Denninger

Weather-driven catastrophes continue to rise. For the insurance industry what has been "news" – or really, an unwelcome surprise – is the combined effect that weather pattern changes, high inflation, supply chain disruptions, restrictive regulatory actions, and expanding development have on the industry's bottom line. On an aggregate level, the losses are historic, driving rapid responses from an industry not known for fast change.