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
Howden Tiger’s Richardson: RFP season almost 365 days a year TV“Waves and waves” of requests for proposal have been coming in, according to Howden Tiger’s vice chairman Elliot Richardson, who told The Insurer TV they have now become “almost a 365-day-a-year” feature of the market as cedants look to “sense check” current arrangements.
