Property & Casualty 360 Perspectives podcast Property Casualty 360

In today’s environment, global financial mandates are evolving quickly to thwart money laundering activities, and because insurance companies are considered financial institutions, they are subject to comply with the changes.
In this episode with LexisNexis Risk Solutions, Bob McConn, the associate vice president for claims solutions, shares his take on the current situation, as well as strategies carriers can employ to work toward compliance.
You’ll also hear:
How the U.S. regulatory landscape is shifting toward targeted sanctions against individuals and organizations.   Details on the frequency of watchlist updates. Why carriers need to monitor their customers throughout the customer life cycle. What actions insurers can take to protect themselves and support improved compliance. If carriers put themselves at risk, the damage can be both financial and reputational. Listen now to learn how your organization can keep current with the changes.

As insurance risk continues to evolve, understanding the use of CBIS has become increasingly important. In this podcast, Gary Sanginario, associate vice president of product management, and Prasanth Kambhatla, associate vice president of data science, both experts at LexisNexis Risk Solutions, take a look at CBIS, including its history and how it continues to benefit both insurers and consumers.
You’ll also hear:
How CBIS helps predict a consumer’s risk and how insurers leverage it to predict future insurance losses. Details about comprehensive studies conducted to address concerns about unfair bias based on race and ethnicity. About the testing framework employed by LexisNexis Risk Solutions, how the framework leverages well-established methodologies, and key takeaways from quantitative testing.

Rising premium rates, stricter underwriting, and carriers pulling out of states are
creating challenging marketing conditions for independent agents looking to maintain
and grow their book of business.

In this podcast, Michael Streit, general manager at Applied Systems’ EZLynx company,
discusses the challenges posed by hard insurance markets for independent insurance
agencies and the strategies for navigating difficult conditions.
You’ll also hear about:
The drivers of the current hard market conditions, such as inflationary factors,
tighter underwriting, carrier withdrawals from states, and more. Which actions independent agents can take to turn hard market challenges into
opportunities and capture more renewals and new business. How technologies such as retention management tools, customer relationship
management systems, automated workflows, and others can help support agents
in the current market conditions.