Change is a constant, and to keep a business model relevant to the future, companies need to adapt to the vision of the future that customers are expecting. Customers in every industry are growing less patient with clunky customer experiences – and that sentiment is true of policyholders and agents.

With the pandemic, climate challenges, and difficult insurance market conditions, 2022 is a transformative time for insurance risk. Here are 10 risk areas worth learning more about.

Christie’s recently sold an NFT for $69,346,250.00. With NFTs now looking like the next big thing in the fine art world, insurers need to figure out how to insure this new type of asset.

Chubb is going big on IoT to help mitigate losses from water damage. A big challenge it’ll face is how to properly incentivize policyholders to use the IoT devices.

Dais and Tarmika have partnered to help carriers expand their distribution options and give agents access to more insurance products. Agents using Tarmika will get access to additional insurance products. And carriers using the Dais platform gain new distribution opportunities.

Customer demographics and consumer buying habits are changing with the rise of Millennials and Gen Z. This shift towards younger insurance buyers should drive online purchasing as a top priority for carriers.

Developed by the World Economic Forum’s Global Risks Advisory Board in partnership with several insurance groups, The Global Risk Report 2022 aims to encourage leaders to look outside quarterly reporting cycles to create policies that manage long-term risks. It outlines the top risks we will be facing in the next 10 years by severity…

January 1st is traditionally a big day for renewals in the reinsurance sector. This year, those renewals are showing a healthy and evolving market, with product differentiation becoming more sophisticated, which means reinsurers are adjusting their risk appetite and pricing thresholds more dynamically.

Over the past year we’ve covered everything from blockchain innovations and AI to funding trends and partnership models. Looking back on the year, three trends emerge as the most impactful: Embedded Insurance, Insurtech Funding, and APIs.