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Delivering products to market in an era of profound disruption
Milliman is offering free virtual consulting to up to 30 organizations to support new or existing insurance products. Our experts will:
Milliman’s Nancy Watkins led a complimentary roundtable webinar to discuss strategies and creative approaches to launching new products quickly in challenging markets.
The roundtable showcased three case studies – in flood insurance, commercial auto insurance, and clearing regulatory hurdles – that demonstrate how technology solutions and creative approaches can deliver new products to market quickly and at scale.
Flood: James Watje, Senior Vice President from Wright Flood, the largest private U.S. flood insurer, discussed breaking into the market with innovative products and new partnering opportunities.
Fleet: Ananth Rani, Co-founder of Azuga, a leading fleet management software provider, shared how his company developed a new telematics score to monetize its existing data and help restore commercial auto insurance profitability.
Filings: Peggy Brinkmann – creator of Milliman Appleseed, a new advisory organization – explained how to cut red tape, so that anyone with admitted solutions can reference these filings to get to market faster with less risk and cost.
Host: Nancy Watkins is a principal and consulting actuary with the Property and Casualty practice in Milliman's San Francisco office. She manages an actuarial consulting practice that specializes in Insuretech and property insurance analytics.
Usage-based insurance (UBI) is transforming private passenger auto insurance, and effective telematics safety programs are reducing claim frequency in commercial auto insurance.
Milliman collaborated with KatRisk to develop tools to quickly assess the private flood insurance feasibility, and then compared our modeled private flood insurance premiums to those of the NFIP.
Milliman recently collaborated with Risk Management Solutions, Inc. to model a potential private flood insurance market in New Jersey and New York.
This articles explores some questions and challenges for aspiring U.S. private flood insurers.
Flood has been considered an uninsurable risk for years. But the tide may be turning thanks to several recent developments.
Given the volatile political – not to mention atmospheric – winds, it is a good time for an overview of insurance governance and challenges in one of the world’s riskiest catastrophe zones.
Re-examining one of the least-insured perils
The visibility of climate’s impact on property hazard is increasingly leading individuals and their chosen leaders to ask: how might an increase in hazard affect the desirability of living in various communities, and…
Regular floods, whether due to hurricanes or simply heavy rainfall, are wreaking havoc in the southern states of the US and national flood-insurance schemes can’t keep up.
In recent years, the private flood sector has grown rapidly and will likely continue to grow until the new market significantly closes the U.S. flood “protection gap.”
This episode of Critical Point discusses the future of flood insurance and what protecting a home from flood might look like a few decades from now.
Insurers, governments, experts, and citizens are coming together to mitigate short-term impacts and discover long-term solutions. Time is short and the implications are massive.
Driving a better commercial auto book
Analyze residential and flood insurance markets using a web-based solution
Ask the tough questions. We’re ready for them.