We recently discussed some of the emerging risks impacting today’s insurance carriers, with one of these being the evolution of a sharing economy. The term “sharing economy” refers to peer-to-peer based sharing of access to goods and services, and the bulk of these transactions take place online via tools like Facebook Marketplace. However, one aspect […]
It’s no surprise that insurance carriers need to proceed with caution when underwriting a policy for an investment property, especially if the property will have times of vacancy. The risk goes up substantially if the property is vacant for an extended period of time, and it’s imperative that underwriters take this into consideration. Common Risks […]
While insurance is one of the oldest industries out there, it’s notorious for lagging in digital maturity. Yes, property and casualty insurance has made great strides in recent years by starting to incorporate drones in the commercial inspection process and embracing smart technology to more accurately assess risk. However, despite these advancements, the insurance industry […]
Considering the digital economy that we live in today, cybercrime is the fastest growing threat to businesses around the globe. In response to concerns about data protection, the European Union established the General Data Protection Regulation (GDPR) in May of 2018 to lay out a framework of standards that businesses need to take to protect […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
