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This story is part one of a five-part series for the Insurance Industry Charitable Foundation (IICF) Week of Giving.
Insurers that fail to cook up the right recipe for applying data and analytics to their business will find themselves playing catchup.
AI is drastically improving insurance claims processes, particularly for minor damages, and improving the customer experience.
Whenever your skill is specialized and there aren't enough people doing it, you become more valuable.
Sustainable insurance withstands catastrophic events while enabling insurers to conduct business and plan for the future.
Wholesale insurers are empowered by the ability to respond to catastrophes with appropriate risk-based pricing.
Asbestos was never fully banned in the U.S. and is still being used in building materials to this day.
The combination of seasoned veterans who understand insurance and younger tech enthusiasts is the key to success.
Despite the challenges, insurers have a once-in-a-lifetime opportunity to embrace and leverage technology in new ways.
As natural forces and market conditions continue to evolve, the need for E&S will only grow.
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