Newfront’s Spike Lipkin: AI is the first technology to touch “advisory side” of insuranceAI is the first technology to influence the “advisory side” of insurance rather than just streamlining a process, and that the insurtech’s use of technology “really shines” in RFPs, Newfront CEO Spike Lipkin believes.
Tort reform is lacking, legal system abuse is pervasive as is third-party litigation funding. Because of this, umbrella and excess coverage is experiencing a frequency of severityWTW discusses the two-tiered US casualty market
Amwins’ Sloop: Focus on providing widest product range amid retail-wholesale shift TVAmwins COO Ben Sloop has acknowledged retailers’ desire to keep as much business as possible in-house, describing the retail-owned and independent wholesaler models as both “very valid” as he also reiterated his firm’s interest in remaining private.