Category Archives: Casualty

How can insurers find real value in their predictive models? Experiment thoughtfully with practical implementation top of mind.

There’s a lot of conversation about new modeling approaches and novel sources of data poised to revolutionize insurance. This extraordinary industry transformation actually began about a decade ago. Analytical methods such as generalized linear models (GLMs) and decision trees were … Continue reading →

Big data is 3-dimensional

Metrics drive risk and claims management. But, is this enough? Risk management is ill-prepared to journey into open waters and chart new routes in metrics. Continue reading →

The construction insurance marketplace

Expectations for construction risks: Rates, terms and conditions Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Guide to casualty insurance for financial institutions

What is the purpose of casualty insurance? Casualty insurance is actually a catch-all term for a number of diverse coverages. The common thread that binds these various lines is that they are all concerned with losses caused by injuries. Casualty … Continue reading →

The Buzz at RIMS: The Latest News on Property, Political, Cyber, and Casualty

Willis Towers Watson experts talking to clients and insurers at RIMS offered their quick take on the buzz from the convention floor. Continue reading →

Marketplace Realities Spring 2016: It’s Still a Buyer’s Market, but…

Willis Tower’s Watson’s Marketplace Realities series includes line-by-line predictions for North American insurance buyers in 2016 and beyond. New Pieces in a Changing Puzzle At the macro level, the satellite view, much remains the same for insurance buyers: capacity remains … Continue reading →

The Sharing Economy Moves into the B2B Space

As the so-called “sharing economy” continues to expand with new technology and willing consumers, so too do the risks associated with this new terrain.  These firms are leveraging online applications to bring services and consumers together for everything from home … Continue reading →

What risks will emerge in 2016?

Our world is advancing at a pace that invites innovation at breakneck speed, encouraging companies to jump into untested waters. Whether it is new, disruptive technologies – such as drones – or just a new way of doing business – such … Continue reading →

Better Audits for Better Outcomes: The Case for Outcomes-Based Claim Audits

It’s been said many times, “People do what you inspect not what you expect.” If you accept this concept as true, then you must make sure your inspections line up with your expectations. Continue reading →