In industry news:

A new A.M. Best Special Report and A.M. BestTV episode focuses on the role of innovation in differentiating insurers in the modern world. The report notes: “A.M. Best believes innovation is needed as the insurance industry rapidly changes and new risks emerge that require up-to-date service processes and coverages emerge. Nearly nine out of 10 respondents from more than 450 insurance companies globally said that innovation was moderately to extremely critical to their organization’s success.”

Access the report here.

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