10 Frequently Asked Questions about LineSlip’s Peer Comps Offering
LineSlip has launched Peer Comps! Peer Comps is a cutting-edge analytics tool that enables brokers and insureds to compare an insurance program against expected cyber losses with industry peers with respect to limits, retentions, and premiums by line of business. Peer Comps aims to empower strategic decision-making by offering insights into the coverages and limits that similar companies within the industry are buying and for what cost. In this blog, we will be answering the 10 most frequently asked questions about Peer Comps.
Why Brokers Should Be Excited About Our Upcoming Product Launch
In an industry where the only constant is change, especially in the cyber risk domain, staying ahead of the curve is a necessity. That's why we're thrilled to give you a sneak peek into our upcoming product launch that's designed with your needs in mind: Peer Comps.
The Definitive Guide to Cyber Risk: How Your Clients Stack Up Against Industry Peers
In this blog, we take a look into the current state of cyber risks. With a keen focus on the escalating sophistication and prevalence of cyber attacks, we delve deep into the intricacies of this evolving threat landscape. Additionally, we shed light on the emergence of new regulatory measures aimed at bolstering cyber resilience across industries. Our blog aims to offer readers a thorough understanding of the dynamic nature of cybersecurity challenges and the imperative for proactive risk management strategies in today's digital age.
A Broker's Guide to Cyber Risk Client Communication
Cyber risks pose one of the biggest threats to businesses of all sizes and industries. Their dynamic and evolving nature, propelled by technological advancements and a surge in malicious actors, presents an ongoing challenge for companies to fully protect themselves. Amidst this reality, brokers need to take on the pivotal role of working with their risk manager clients to help them effectively navigate and mitigate these cyber risks. This blog explores strategies for brokers to adeptly communicate and guide their clients through the ever-changing landscape of cyber threats, ensuring robust risk management and resilience in the face of this formidable challenge.
Five Questions Insurance Brokers Can Expect from Their Clients
One of the most important relationships in the insurance business is the one between a risk professional and their insurance broker. In order to build a strong relationship between brokers and risk managers, there needs to be an open channel of communication. In this blog, we will cover five questions brokers can expect from their clients.
Prepping for Renewals in the New Year: How Brokers Can Leverage Their Clients’ Data to Appeal to Carriers
When it comes to insurance renewals, data reigns supreme. Brokers can leverage data and analytics to streamline policy information, identify coverage gaps, and demonstrate the success of risk management programs. Discover how data-driven strategies revolutionize the renewal process, empowering brokers to navigate negotiations with precision and deliver exceptional outcomes in today's insurance landscape.
2023 Reflections from LineSlip’s CEO, Leo Bernstein
As 2023 is coming to an end, our CEO, Leo Bernstein, takes some time to reflect on the year both in his professional and personal life.
Navigating the Current Insurance Landscape: Strategies for Brokers to Keep Clients Informed and Content
In the last few years, insurance professionals have been operating in a hard market. In this blog, we take a look into the current market conditions to determine if we’re still in a hard market. Then, we go on to provide brokers with strategies to keep their clients happy regardless of market conditions.
5 Emerging Trends Risk Managers and Their Brokers Need to Watch For in 2024
As the risk landscape continues to evolve, risk professionals and their brokers must stay ahead of the curve. In this blog, we cover 5 of the biggest trends that will be shaping the risk landscape in 2024, from evolving cyber threats, AI risks, supply chain challenges, and more. We hope that this blog will equip risk professionals and brokers with trends they need to follow in the new year to stay ahead of the curve against emerging risks and insurance market shifts.
Unleash Your Broker Superpowers with LineSlip
Commercial insurance brokers are now expected to do a lot more than in the past due to the evolving landscape of the industry. Luckily for brokers, LineSlip can help. Read our blog to discover how LineSlip equips brokers with the necessary tools to excel in this increasingly competitive and unpredictable landscape.
Understanding the Role AI Will Play in Claims and Underwriting
Sixty-five percent of insurance companies say they plan to invest $10 million or more into AI technologies. These tools are used during every step of the insurance process, from underwriting to claims management. Undoubtedly, AI and machine learning are revolutionizing the industry by streamlining operations, improving accuracy, and fostering the ability to cover new, complex risks. More than ever, risk managers and brokers must grasp how AI is leveraged in data evaluation during underwriting and claims assessment, empowering them to make informed decisions and engage in more effective discussions with carriers.
Private Equity Firms Can Find Synergies in Risk Management
When a private equity firm contemplates adding an acquisition to its portfolio, the imperative is to swiftly generate value. One way PE firms can enhance and protect value in portfolio acquisitions is through effective risk management. A comprehensive understanding of the acquisition's risk management program and strategies for risk transfer can empower private equity firms to bolster and sustain the target's value-creation efforts.
What Risk Management Teams Can Do When a Disaster Happens
If we’ve learned anything in the last few years, it’s that disasters can strike at any time. In recent years, we’ve seen an increase in weather-related events, from hurricanes, floodings, wildfires, and more. When a disaster strikes, it can put the entire organization at risk. However, there are many actions risk teams could take — either before or after — to minimize the impact of the disaster. In this blog, we will be focusing on what risk teams can do once the disaster has already happened.
Safety for Hybrid or Remote Workforce
In the last few years, remote and hybrid working models have become a lot more common. If an organization is currently using or thinking of embracing these models of work, risk managers need to carefully assess the risk profiles, from disaster preparedness to cybersecurity concerns.
This Insurance Blog Post Was Written By AI
There’s been a lot of talk about AI substantially changing the insurance industry in the next few years. Nobody can be sure what exactly will happen, but we thought we should ask an AI expert: AI itself! You can say we put AI through a little test to see how well-versed it is in terms of risk and insurance concepts. Here’s the result of the masterpiece ChatGPT has crafted.
Rising from the Ashes: Assessing the Property Damage Caused by the Maui Fires
In the wake of the devastating Maui fires of 2023, the island is left with enormous challenges, from the financial burden of rebuilding to the uncertain future of its economy and insurance landscape. This blog post will explore the various challenges confronting Maui's residents in the aftermath of the fires.
Optimizing Your Real Estate Insurance Coverage with LineSlip
Risk managers and executives managing property risks for their companies have a lot on their plates right now, from the increased frequency of weather events to sky-high inflation. Luckily for many risk teams, LineSlip can help them manage and mitigate risks while simultaneously ensuring that their properties have adequate coverage.
eBook Release — Insurance Cost Optimization Strategies for Private Equity
LineSlip's latest eBook provides private equity firms with various strategies to thrive in the current challenging landscape.
New Month, New Features: LineSlip's Latest Updates Revealed!
We have a bunch of new, exciting product updates that we’re rolling out to the LineSlip platform! These new features are aimed at elevating user experience by making it more efficient, adaptable, and user-friendly. Check out what these new product updates are!