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AM Best Associate Director to Join Insurtech-Focused Panel at Insurance Technology Event in Chicago

March 26, 2019

OLDWICK, N.J.--(BUSINESS WIRE)--Mar 26, 2019--AM Best will participate in a panel discussion on next-level developments regarding insurtech’s collaboration with the insurance industry at Insider Tech Chicago, which will take place April 3, 2019, at the Convene location in Chicago’s Loop district.

Maura McGuigan, associate director, Credit Rating Criteria—Research & Analytics, will speak at the Insurance Insider -hosted event, titled, “InsurTech: Phase 2.” The panel discussion will focus on how insurtech has moved from a concept to an operational solution, and the obstacles insurtech firms still face when forming relationships with insurers and reinsurers. Other topics to be discussed include, which emerging technologies are leading and lagging in their near-term impact on the insurance industry, what a future successful insurance company will look like amid a rapidly changing market and the potential for a so-called black-swan event brought about by insurtech disruption. The panel discussion will begin at 11 a.m. (CDT).

The event will bring together insurance expertise with leading figures in the start-up and venture capital investment fields, and is timely as technology is leading the evolution of insurance companies’ cultures and their ability to meet changing market needs. Historically, AM Best has indirectly captured innovation through the various building blocks of its rating process. With the recent release of a new draft criteria, titled, “Scoring and Assessing Innovation,” for which AM Best is requesting comments from insurance industry market participants, AM Best will explicitly consider a company’s innovation efforts within its business profile building block to determine if the efforts have had a demonstrable positive or negative impact on its long-term financial strength.

Following the release of the finalized criteria, AM Best expects that all rated companies eventually will be scored and assigned a published innovation score. To learn more about the Insurance Insider event, please view the event overview.

AM Best is a trusted source of insurance market insight and data, and the only global credit rating agency with a unique focus on the insurance industry. Best’s Credit Ratings are a recognized indicator of insurer financial strength and creditworthiness. Visit http://www.ambest.com for more information.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190326005862/en/

CONTACT: Christopher Sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

christopher.sharkey@ambest.comJim Peavy

Director, Public Relations

+1 908 439 2200, ext. 5644

james.peavy@ambest.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: AM Best

Copyright Business Wire 2019.

PUB: 03/26/2019 02:20 PM/DISC: 03/26/2019 02:20 PM

http://www.businesswire.com/news/home/20190326005862/en