Closing the Protection Gaps in Insurance
At the WSIA marketplace in San Diego, industry leaders emphasized the need for greater transparency between brokers and underwriters to close protection gaps in property insurance. Delwood executives said accurate valuation and identifying gaps—such as law and ordinance, flood and convective windstorm—remain priorities, and that collaboration with brokers can produce tailored alternative solutions. With the property market softening, Delwood sees opportunity in the smaller middle-market to offer broader, competitive coverage options. Panelists highlighted ENS as a platform that enables customized, non‑boilerplate policies that give insureds multiple budget‑aligned choices.
Why It's Time to Embrace Al
At the WSIA marketplace in San Diego, insurance executives described a rapid shift from digitized intake to enterprise AI—deploying large language models across underwriting divisions with six-week, augmented workflows that compare submissions to firm guidelines in real time. The rollout...
Motor Fleet at a Crossroads
Canadian motor-fleet insurers and brokers warned that rapid vehicle-technology advances and sharply higher repair costs are driving commercial-auto premiums up, prompting Saskatchewan’s public auto insurer to seek a 3.75% rate increase for 2026–27. Panelists said insurers have been slow to...
Showing Value and Capitalizing on Insurance Opportunities
Insurance Business TV captured insights from leading professionals at the WSIA annual marketplace conference in San Diego, focusing on how financial‑lines carriers are adapting to emerging risks. Speakers highlighted the importance of a diverse product portfolio, rapid service, and consistent...
How the Industry Needs to Adjust Its Approach to Catastrophic Events
The conference highlighted that casualty catastrophe losses, once rare, now occur almost every year, forcing insurers to rethink how they price, model, and underwrite these risks. Speakers argued that the industry must adopt a property‑catastrophe‑style framework for casualty exposures, accounting for...
Creating Opportunities in Both the Admitted and E&S Markets
The discussion at the WSIA marketplace in San Diego focused on how carriers and brokers can jointly leverage modern distribution platforms to expand both admitted and non‑admitted (ENS) insurance offerings. Panelists highlighted that AI‑powered quoting engines, property analytics and real‑time weather...
Pollution, PFAS and Property: Is Environmental Liability the Next Big Coverage Gap?
The Insurance Business TV round‑table examined whether environmental liability – especially pollution, PFAS and asbestos – is becoming the next major coverage gap in Australia and New Zealand. Participants highlighted a surge in public and regulatory pressure, illustrated by a...
The Cost of Catastrophe
The panel titled “The Cost of Catastrophe” examined Canada’s unprecedented insured weather losses, which reached $6.29 billion in 2024 – roughly three times the 2023 figure and the highest on record. Participants from Marsh, Gallagher, FM Affiliated and AON discussed how...