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You Can’t Accelerate Time
There are certain “truths” in life that are immutable whether one wants to believe them or not. In order for the motion of an object to change, a force must act upon it (Newton’s First Law of Moti… Source: You Can’t Accelerate Time
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Good Underwriting is Good for Insurance
My good friend Ivan Maddox on why good insurance is good for society: http://www.intermap.com/risks-of-hazard-blog/2016/07/good-underwriting-is-good-for-insurance?utm_campaign=Intermap+Blog+-+InsitePro&utm_source=hs_email&utm_medium=email&utm_content=31601743&_hsenc=p2ANqtz-_xGZXAgpVW0F7t5_mX3XVao1ccrT_TVXT6dujV_y1CDIxA1_5IvJWnwcVZKwdNSndEfKJsvam0H7P-XHKH7dHWY3pFXOUWzbHQAGW495gnbfr7qf4&_hsmi=31601743
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The Protection Gap Is Not A Myth
This article is a rebuttal to a prior Insurance Thought Leadership article theorizing that the entire premise of the protection gap was a myth. Article Link
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Who Am I?
I am a 20-year veteran of the insurance wars. I’ve sold hundreds (thousands?) of insurance policies! I’ve brokered hundreds (thousands?) of insurance policies!! I’ve underwritten hundreds (definitely NOT thousands) of insurance policies!!! I’ve modeled millions of locations!!!! Today, my passion is with how risk within insurance policies should be quantified and presented. Powerful tools now exist…
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Why The Insurance Agent Will NOT Be Disrupted
As published in Insurance Thought Leadership: Why the Agent Will NOT Be Disrupted
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Lessons from Lloyds
Originally posted on deconstructingrisk: There is little doubt that the financial services industry is currently facing many challenges and undergoing a generational change. The US economist Thomas Philippon opined that the finance industry over-expansion in the US means that it’s share of GDP is about 2 percentage points higher than it needs to be although…
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Using Catastrophe Models
Originally posted on InsNerds.com: Today we have the third part of guest author Nick Lamparelli‘s series on Catastrophe Modeling. Click here for part one and here for part two. “If you challenge conventional wisdom, you will find ways to do things much better than they are currently done.” Bill James (author of Baseball Abstracts…
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On Brain Stimulation
Originally posted on Not Unreasonable: (1) We have no fucking clue how to simulate a brain. We can’t simulate the brain of C. Elegans, a very well studied roundworm (first animal to have its genome sequenced) in which every animal has exactly the same 302-neuron brain (out of 959 total cells) and we know the…
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“Black Swan” author, Nassim Taleb on Insurance
When Nassim Nicholas Taleb addressed a group of insurance executives last month, the author of the book “The Black Swan” was pretty straightforward in delivering his view on what insurers can learn from finance professionals. Not much. “We’re not good… http://www.carriermanagement.com/features/2015/10/08/146093.htm
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Loosen The Exclusion – It’s Time To Offer Standard Flood Insurance Coverage
Here is my latest article on Insurance Thought Leadership. http://insurancethoughtleadership.com/its-time-to-rethink-flood-coverage/ I wrote this as I painfully watched the Carolina floods from the airport in JFK. All I kept thinking about was, these people will need to be made whole and that process is going to be another catastrophic experience from them simply because no sophisticated…
Nicholas Lamparelli 