University of South Carolina

Bob Hartwig Examines Economic Effects on the Market, Trends Affecting Carriers, and the Impact of an Election Year

Sep 25, 2023 / by AAIS posted in Regulation, reinsurance, NAMIC, Economy, property & casualty, University of South Carolina

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The National Association of Mutual Insurers (NAMIC) held its 2023 Annual Convention on September 17-20 in National Harbor, Maryland. During the convention, AAIS sat down with Professor Bob Hartwig, Ph.D., CPCU, Director of the Center for Risk and Uncertainty Management at the University of South Carolina, to discuss the effect of the U.S. economy on the insurance market, the current state of the reinsurance market, trends affecting carriers, and the impact of an election year.

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Managing Cyber Risk…Securing the Future

Nov 19, 2021 / by AAIS posted in Data & Technology, Tech News, Homeowners, Cyber, P&C Insurers, Data, AAIS Pulse, Data/Tech, Berkley Re, Insurance Line of Business, munich re, University of South Carolina, AAIS Family Cyber Protection Program

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Cyber security is a pressing issue. With daily advancements in technology comes the need for a game of rapid catch-up in the security sector. Every day there are new products and solutions to help protect us from this growing threat. The challenge within the insurance industry is how to underwrite this constantly evolving risk.

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Climate Change & Insurance…What’s Being Done About It

Nov 11, 2021 / by AAIS posted in Issues & Trends, Industry Associations, Regulatory/Compliance, Homeowners, New/Emerging Risks, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, AAIS Pulse, Berkley Re, Insurance Line of Business, munich re, University of South Carolina

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Research from NASA points to several factors that support climate change from rising sea levels to warming oceans and glacial retreats. The effects of climate change have a significant impact on the insurance industry, which generates considerable premium, expense, and losses based on insured catastrophes. As these events become more unpredictable and severe, the industry must adapt.

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Bridging the Talent Gap in Insurance

Nov 4, 2021 / by AAIS posted in Issues & Trends, Insurance News/Current Events, Insurance Operations, Working in Insurance, AAIS News & Views, AAIS Insights, AAIS Pulse, talent, talent gap, University of South Carolina

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In July 2020, consulting firm McKinsey & Company put out a report detailing the talent transformation within the insurance industry. The topline message: Talent strategy is as important as business strategy.

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