Shifts in how people work, live and drive are profoundly affecting the P&C insurance economy, adding more complexity, cost and time into the claims and repair process.
If history tells us anything, it's that carriers who offer low rates won't be around for very long (or a disproportionately large increase is coming your way).
A new court ruling could affect cyber insurance policy exclusions and insureds could assume more costs in the event of a loss. The ruling underscores the fact that cyber insurance is no substitute for cyber defense.
Bryan Falchuk of Insurance Evolution Partners discusses the importance of partnership between legacy insurers and insurtechs based on research from his latest book.