Keeping promises made to Main Street, ensuring fairness for all customers.
Insurance is a critical part of the nation's financial infrastructure.
Insurance has supported commerce and provided stability in America for hundreds of years, and while technology has changed, many foundational concepts remain the same.
Risk-based pricing—the fair and accurate pricing of risk—is what enables insurance products to be accessible and available to customers in times of need.
Insurers are not sitting still. Working with regulators, technologists, and academics, the industry continues to refine underwriting models using advanced analytics and artificial intelligence to keep pace with innovation and evolving customer needs.
Learn more about the industry’s innovations and work to ensure pricing fairness
A global pandemic impacts all lines of insurance at once making the risk uninsurable. The losses stemming from such an event were never intended to be protected by a business interruption policy. Only the federal government has the financial wherewithal to cover pandemic risks.
Maintaining the integrity of business interruption insurance contracts keeps insurance viable and effective.