{"id":547,"date":"2021-03-14T14:02:01","date_gmt":"2021-03-14T18:02:01","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=547"},"modified":"2021-03-14T14:02:58","modified_gmt":"2021-03-14T18:02:58","slug":"03-12-2021","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/03-12-2021\/","title":{"rendered":"03\/12\/2021 Three Things We Learned"},"content":{"rendered":"

\"Investment\"<\/p>\n

This week in insurance we are following strategic hiring, California demanding an auto premium rebate and views on the future of insurance.\u00a0 Here are the three things we learned this week:<\/p>\n

    \n
  1. There is strategic hiring going on by major players in the industry.\u00a0 Google has hired\u00a0Nigel Walsh from Deloitte<\/a>\u00a0to head up their insurance business in North America, though they maintain they are in the industry to partner not compete.\u00a0 AIG makes a strategic hire in\u00a0Lincoln Financial exec Lisa Buckingham<\/a>\u00a0to oversee the divestiture of their life & health businesses, as previously announced in their Q4 earnings release.<\/li>\n
  2. We have seen the personal lines carriers with large auto books report strong earnings despite CATs and COVID loss so California, a state that often takes matters into it’s own hands, is\u00a0ordering insurers to give back premium<\/a>, claiming they over-charged consumers.\u00a0\u00a0State Farm responds right away announcing they will give back $400<\/a>\u00a0to California policy holders.\u00a0 This could be just the beginning.<\/li>\n
  3. Finally, two interesting takes on the future of the insurance industry: one lays out\u00a03 scenarios driven by modeling the growth and innovation<\/a>\u00a0currently driving the industry forward with an element of disruption being provided.\u00a0 The other view looks at how insurtechs are increasingly relying on ‘unlimited’ reinsurance quota share capacity to fuel their growth creating a\u00a0‘tragedy of commons’ scenario<\/a>.<\/li>\n<\/ol>\n

    Thank you for continuing to follow us.\u00a0 Your feedback is always welcome on topics and insights you would like to hear. \u00a0We will be continuing to scan the industry and send these updates weekly.\u00a0 Please schedule a meeting with us if you would like to discuss anything further.\u00a0 Stay tuned, stay productive!<\/p>\n","protected":false},"excerpt":{"rendered":"

    This week in insurance we are following strategic hiring, California demanding an auto premium<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n03\/12\/2021 Three Things We Learned - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/03-12-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"03\/12\/2021 Three Things We Learned - Wikifri\" \/>\n<meta property=\"og:description\" content=\"This week in insurance we are following strategic hiring, California demanding an auto premium\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/03-12-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-14T18:02:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-14T18:02:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2019\/05\/investment.svg\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/03-12-2021\/\",\"url\":\"https:\/\/www.wikifri.com\/03-12-2021\/\",\"name\":\"03\/12\/2021 Three Things We Learned - 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