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The LA Fires Could Change the Insurance Industry

Harvard Business

For the insurance industry, the threat of massive and profoundly destructive wildfires poses a significant and immediate problem. Big wildfires didnt become big by insurance standards until 2016, and insurers dont yet have the tools in place to manage the risk. One solution could be parametric insurance.

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The Cyber Insurance Market Needs More Money

Harvard Business

Securities could help give insurers the breathing room they need to keep growing — and meet customers’ mounting needs.

Insurance 172
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How the Insurance Industry Could Bring Down Fossil Fuels

Harvard Business

Facing billions of dollars in losses, insurers are starting to ditch carbon-producing energy — but they’re still tentative about renewables.

Insurance 171
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Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

Harvard Business

There is little doubt that the widespread adoption of autonomous vehicles will have a huge impact on the automobile insurance industry. Since insuring privately owned vehicles is what the auto insurance industry has been all about, insurers have every reason to be concerned about their future growth and profitability.

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Negotiating Lower Hospital Prices as a Self-Insured Employer

Harvard Business

disclosure rules will give employers greater visibility into rates negotiated by big insurance companies.

Insurance 151
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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Herein, as with all insurance, is where the concept of utmost good faith is laid bare.

Insurance 131
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How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business

It might seem, then, that private insurance can be of little help in addressing climate change. There’s concern that for-profit insurers won’t want to insure risky properties, and that individuals won’t have the wherewithal to buy insurance plans in the first place. Dating back to at least F.

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