The Origin of Modern Insurance What we think of as Property Casualty Insurance has its roots in marine insurance, Lloyd’s of London was founded by Edward Lloyd at his coffeehouse on London’s Tower Street in 1688. The “coffee shop” was popular with sailors, shipowners, and merchants, and Lloyd catered to them with the most up-to-date … Read more
I hope you enjoyed Part 1 of this article. This post covers Trends 5-7 from my 2020 article and some Bonus ones for the rest of the decade. Trend #5: Macro Economy – Roaring 20s into the Great Depression From 2020 article: In the 1920s – The stock market crash of October 1929 began the … Read more
Back in January 2020, I wrote an insurtech predictions piece entitled The 20’s: Now and Then. This looked at trends we saw in the 1920’s and how they might compare to the 2020’s. I was working with Reinsurance Group of America (RGA) at the time, regularly speaking with insurers and insurtech disruptors. Recently, I have … Read more
Another ITC come and gone. This year was my 4th year in attendance (2017-2019, 2022). It was also my third time attending with a different badge/title around my neck–first as a member of the press, second as an employee of a reinsurer/investor, and this one as an independent advisor/consultant. It has taken me a few … Read more
Today the role of the local agent is being marginalized. Most start-up insurtechs, even some legacy insurance carriers, no longer see the value of the local agent. Part of this marginalization is also self-inflicted by us agents. The guiltiest of which are old-school agents such as myself who have refused to change. The truth is many of … Read more