Driverless Commercial Trucks Wait at the Intersection of Insurance
Driverless commercial trucks are evolving much like their private-passenger counterparts. There are basically two paths. Vehicle manufacturers are either moving to near-autonomous vehicles practically whole cloth or are evolving trucks and cars piece by piece. Both approaches make sense for different markets. The innovators expect the insurance industry to get on board. Insurers, however, are […]
Why Commercial Auto Rates Keep Rising
Commercial Auto rates have been rising for more than a decade. What gives? In my recent Leader’s Edge article, Where Are We Going? I dig deeper to find the answer. As you would expect, there are several reasons. The greatest one, in my opinion, is distracted driving. Yes, you have heard that before. However, I did […]
Commercial Property Insurance in Peril
Commercial property insurance was already struggling before COVID-19 hit the scene. Double-digit rate increases were bad enough but hit the highest in 35 years. As I cover in Actuarial Review’s article, Perilous Times: COVID 19 & Vexing Variables, there were several things going on. Consider: Catastrophic weather-related losses have been exceptionally high – at least for […]
Generation Z Looks to People for Complex Insurance Interactions
Generation Z, which presumably embraces digital everything, also likes the human touch when dealing with insurance companies. Born from about 1996 to 2015, the oldest of the digital native generation is beginning to buy their own personal lines insurance. And they have been around the digital block. As my recent Actuarial Review article, Coming of […]
Baribeau Recognized for Actuarial Review Award
Annmarie Geddes Baribeau was recognized June 25 for her thought-provoking editorial content published in Actuarial Review. Her article, Driverless Utopia, won an Excel Award by Association Media & Publishing (AM&P). Entered in competition by the Casualty Actuarial Society (CAS), the article was the cover story for the May-June 2018 issue of Actuarial Review. It was also the […]
Emerging Risks Insurers Are Watching — and So Should You
Emerging risks are a mixture of perception and reality. If you asked executives in 1999 to name one of their top concerns, many would have answered Y2K. It turned out Y2K caused a lot of hysteria and a lot of computer consultants made a ton in the process. Then there are the risks that people […]
Legalizing Marijuana Expands Auto and Workers’ Comp Risk
Legalizing marijuana expands its use. And that widens the risk potential of on-the-road and on-the-job accidents. Just how much is legalizing marijuana affecting auto and workers’ compensation coverage? I try to answer that in my latest Actuarial Review article, “Reefer Madness.” (Non-insurance folks should read the article as well.) Using all the information I could find […]
Cyber Risk and Insurance Continue to Grow
Cyber risk and insurance continue to gain momentum. More companies realize they need it. And insurers are expanding coverage – and enjoying profitability. That said, cyber insurance continues to be an especially risky insurance line. This is part of what I discuss in my recently published article, “Expansive Variance.” Published in Actuarial Review, I titled the […]
Actuarial Consulting: Is It For You?
At some point, most actuaries consider a career in actuarial consulting. It’s easy to see why. Generally, the variety of projects are interesting and the pay is better. But as my recently published article, “More Flexible” explains, actuarial consulting is not for everyone. Success requires a variety of additional skills beyond impressive mathematical and statistical […]
Insurtech Revolution Will Transform the Business of Insurance
The Insurtech Revolution is here. My most recent Actuarial Review article, “The Insurtech Revolution,” cuts through the buzz and highlights areas where insurtech is likely to transform the insurance industry. Insurtech is like any quickly emerging development. There is a lot of activity, confusion and a dash of hype. That’s why my first question to […]
