Anyone who has been in the insurance industry long enough has heard it before: This market cycle is different. This time, though, even veteran Excess and Surplus (E&S) Lines professionals believe it might be the case.
The research institute will focus on the artificial intelligence and robotics technology Toyota needs to make cars that can overcome driver errors and reduce traffic fatalities.
New auto safety technologies such as automatic braking and sensors that keep a car in its lane could prevent almost 10,000 U.S. road deaths a year and save $251 billion if they were more widely available.
With a huge influx of capacity, significant rate decreases and fierce competition for business, emphasis on value delivered is more critical than ever for the Excess & Surplus market