Put to the Test: A Video Visit to 3 Insurance Research Labs

PC360 Dodges Fireballs, Flying Lumber and Other Simulated Disasters to Discover the Value These Science Centers Bring Carriers, Clients

When people think of the work done at insurance companies, they probably picture actuaries and underwriters sitting at desks and crunching numbers.

But at some insurers, research labs, staffed by highly trained scientists and engineers, play a vital if rarely seen role in discovering ways to reduce losses caused by man-made and natural hazards.

NU, with our video camera in tow, visited three leading labs at a trio of major carriers: Chubb, FM Global and Liberty Mutual. While on site, we witnessed explosions, earthquakes, flammable- liquid fires, the awesome force of hurricane winds and much more. Liberty Mutual even let us get behind the wheel of one of its training trucks to take on its treacherous test track.

While many of these scientific experiments are great fun to experience firsthand, the efforts expended at the labs have an unquestionably serious purpose: to develop innovative ways to prevent losses and save the money—and lives—of policyholders.

Comments

Resource Center

View All »

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

More Data, Earlier: The Value of Incorporating Data and Analytics...

Incorporating more data earlier in claims lifecycles can help you reduce severity payments by 25%*...

How Many Of Your Clients Are At Risk Of Flood?

Every home is vulnerable to flooding. Learn four compelling reasons why discussing flood insurance with...

Gauging your Business Intelligence Analytics Capabilities and the Impact of...

Big Data, Data Lakes and Data Swamps, How to gauge your company's Big Data readiness....

Extending Contact Center Capabilities Across the Insurance Enterprise

Today advancements in technology are making a big impact on business and society. To yield...

Drug and Alcohol Testing Requirements

In this two-part series, NBIS Risk Management team will break down the requirements to assist...

Why Cyber Liability is Essential for Human Service Organizations

For traditional low-tech operations, information is often compromised in ways that don't involve technology. Access...

A Solution for Large Commercial Habitational Accounts

6 Reasons to place your LARGE Habitational Accounts with Dauntless.

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.