Innovation Insurance Group

RIMS 2015- FOR003- Bitcoins: The Next Cyberinsurance?

Ty R. Sagalow — Thu, 26 Mar 2015 20:28:41 +0000

Session: FOR003- Bitcoins: The Next Cyberinsurance?

Day/Date: Tuesday, 4/28/2015

Time: 11:30am – 12:30pm (60 minutes)

General Overview of Session:

There are more than 13 million bitcoins—more than $8 billion—involved in tens of thousands transactions every month. Bitcoins have been recognized as virtual currency by the U.S. Treasury Department and deemed taxable property by the Internal Revenue Service. They can be converted to and from international currencies and used to buy everything from gift certificates to hotel room reservations. But what are the risks of bitcoins and other cryptocurrencies? This session is hosted by RIMS New York Chapter.

Moderator: Ty R. Sagalow, CEO & Founder, Innovation Insurance Group, Bitcoin Insurance Agency
Speaker: Robert Parisi, Managing Director, Marsh
Risk Manager: James Kirtland, Risk Manager, Voya Financial

Financier Worldwide: Innovation in the Insurance Industry

Ty R. Sagalow — Sat, 12 Jul 2014 22:53:46 +0000

Mini Roundtable: Four industry leaders discuss innovation in the insurance industry — why it’s necessary, where the industry stands on innovation today, what it takes to create a culture of innovation, and what areas are ripe for innovation.

Risk & Compliance Magazine Apr-Jun 2014

Ty R. Sagalow – President, Innovation Insurance Group, LLC
Kevin Kelley – CEO, Ironshore, Inc.
Vincent Tizzio – President & CEO, Navigators Management Company, Inc.
Benjamin Walter – CEO, Hiscox USA

Insurance Thought Leadership Speaks with Ty Sagalow on Innovation

Ty R. Sagalow — Wed, 30 Apr 2014 14:53:37 +0000

In the first part of a three-part interview at the 2014 RIMS conference, Insurance Thought Leadership (ITL) had the opportunity to spend a few minutes with Ty Sagalow on the status of innovation in the insurance industry, in which he commented on the latest examples of innovation as well as warned about the dangers to the industry if we fail to innovate.

A.M. BestTV with Ty Sagalow: Insurers Must Innovate

Ty R. Sagalow — Thu, 03 Apr 2014 18:04:17 +0000

Ty Sagalow, President, Innovation Insurance Group, spoke to A.M. BestTV in Denver during the annual RIMS conference.

Oasis Loss Modeling Framework

Ty R. Sagalow — Sat, 01 Feb 2014 22:26:57 +0000

Ty Sagalow assesses the impact of new Oasis Loss Modeling Framework on Product Development

Oasis Loss Modeling Framework unveiled a significant development in the modelling of natural catastrophes. With plug-and-play components, it promises to promote the creation of internal models, support reinsurance negotiation and regulatory compliance, and cost reduction.

Ty Sagalow, president of Innovation Insurance Group, and host of WRIN.tv’s Innovations in Insurance explains what this means to existing risk models, and future developments in the modeling space. He says the Oasis framework will enable member insurers, reinsurers and brokers to pool information in a cost effective way to meet regulatory requirements.

Ty Sagalow Previews New Product Innovation at RIMS 2013

Ty R. Sagalow — Fri, 12 Apr 2013 23:18:52 +0000

Ty Sagalow joins us from the set of a new series he’ll be hosting on WRIN.tv. A 30 year veteran of the industry and former executive at AIG, Zurich and Towers, Ty has been involved in several of the industry’s major innovations.

In his discussion with WRIN.tv Ty discussed:

Exepectations for the RIMS Conference
What new products will be hot this year
What he hopes the audience will take away from the program

Ty Sagalow: The Evolving Process of Innovation Within Insurance Companies

Ty R. Sagalow — Thu, 28 Feb 2013 01:37:20 +0000

We continue with our 3-part discussion on innovation with Ty Sagalow. Here, Ty discusses the evolving process of innovation within insurance companies, and the use of outsourcing in new product development and marketing. He also shares his prediction on upcoming new products such as reputation insurance, intellectual property (IP) insurance, climate change (E&O) coverage and middle market supply chain risk insurance.

Ty Sagalow: What Influences Creativity and New Product Development in Insurance

Ty R. Sagalow — Fri, 22 Feb 2013 00:54:48 +0000

In February 2013, WRIN interviewed Ty Sagalow on the role of innovation in the insurance industry in preparation for an upcoming series he will be hosting called “Innovations in Insurance” on WRIN.tv.

Many executives are looking to innovation and product development to spur new revenue.

In the first of a 3-part series Ty discusses the history of new product development and the influence of excess capacity and predictive modeling on innovation today. He also touches on the key elements of product development in insurance: demand, distribution and supply.

Ty Sagalow: The Impact of Government Regulation on Innovation

Ty R. Sagalow — Sat, 16 Feb 2013 01:13:39 +0000

Increased government intervention through regulation and legislation can have a positive as well as negative impact on creativity and innovation in the insurance industry.

In this second of a 3-part series on innovation Ty Sagalow discusses public policy and how a partnership with insurance industry could actually spur new product development.

He believes regulation when appropriately done can be a value add to the industry and its customer base. When regulation goes too far, it can be a “strangle hold on innovation and creativity.” New legislation can spur innovation and creativity. Examples include the Civl Rights Act spurred the creating of sexual harassment insurance and wrongful termination insurance, ERISA(Employee Retirement Income Security Act) spurred the creation of a Fiduciary Liability insurance policy.