Commercial Insurance

More than a week after Hurricane Ian made landfall in Southwest Florida as a Category 4 hurricane, many areas remain in accessible by land due to the storm surge, said David Bairstow, senior vice president and general manager, insurance, at EagleView, a provider of geospatial software, aerial imagery and analytics.

With the 2022 Atlantic hurricane season entering its most active period, property insurers covering Florida face a host of market, weather, and regulatory worries, according to global rating agency KBRA.

The monitors and sensors that changed personal lines are moving to commercial lines, said Mo Tooker, head of middle and large commercial for The Hartford. He spoke with Insider Engage at RIMS 2022 in San Francisco.

Jonathan Monks, Sompo International’s EVP and Head of Business Development for North American Insurance, said factors including inflation are driving rate across the market. He spoke with Insider Engage at RIMS 2022 in San Francisco.

Insurers now know what the 'minimum' requirements are to make companies safer from cyber attacks, but still face systemic risks, said Dan Trueman, global head of cyber, AXIS Insurance. Trueman spoke with Insider Engage at the RIMS 2022 conference in San Francisco.

While the COVID-19 pandemic shut down offices and in-person meetings, Aon used the time to revamp its claims review process.

It may be impossible to stop cyber attacks altogether, but companies can take steps to become cyber resilient, said David Shluger, vice president, Cyber Risk Engineering, Zurich North America. Shluger spoke with Insider Engage at RIMS 2022 in San Francisco.

The Class of 2020 is impacting the market, according to this panel discussion featuring Mark Wheeler, Co-CEO, Mosaic; Rodney Bonnard, UK Insurance Leader, EY; Greg Hendrick, CEO, Vantage; Neil Eckert, Executive Chairman, Conduit Re. Moderated by Catrin Shi, Editor in Chief, Insurance Insider.

How new advancements in analytics are allowing insurers to use foot traffic data to build a more accurate, real-time picture of commercial risks.

Wood frame construction projects are among the unique opportunities facing insurers, said Molly Nickoles, chief underwriting officer, SVP Builders Risk, AmRisc, and Marcus Kelley, division president, SVP Technical Risks, Waypoint Wholesale.

After a rocky start, specialty insurers are doing much to support the world’s recovery from Covid-19.

Jill Bryant, EVP, Digital Small Commercial for Axis Insurance, discusses the growing trend of home-based business and how insurers are responding.