Innovation Insurance Group

Mario Vitale, CEO of Aspen, on Innovation and Bitcoins

Ty R. Sagalow — Tue, 09 Dec 2014 15:08:54 +0000

In this 1.5 minute clip, CEO, Mario Vitale, of Aspen Insurance discusses the importance of innovation in the insurance industry generally and bitcoins specifically as a useful tool for the future.

Hank Greenberg, Mike McGavick and Ty Sagalow talk about Innovation in the Insurance Industry

Ty R. Sagalow — Thu, 30 Oct 2014 21:51:52 +0000

In this 90 second clip, we hear three leaders in the insurance industry speak of the role and importance of innovation. Hank Greenberg, former CEO of AIG talks about why AIG was so innovative and counsels against the Fear of Failure. Mike McGavick, CEO of XL Group, warns that unless the insurance industry becomes more innovative it risks irrelevance. Finally, Ty Sagalow, President of Innovation Insurance Group, discusses how an insurance company, or any company, can create and sustain a culture of innovation.

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.

Christopher Holt from Towers Watson Reviews a New Terroism Risk Model

Ty R. Sagalow — Sat, 27 Apr 2013 00:26:35 +0000

Underwriting Terrorism risk is a huge challenge for the insurance industry. Ty Sagalow WRIN.tv spoke with Christopher Holt, Crisis Management consulting director at Towers Watson about the risk of terrorism and Sunstone, a new terrorism risk modeling software product .

According to Chris Holt, terrorism includes political violence that can happen in emerging markets. Concern about renewal of TRIPRA has made risk managers wanting a better understanding of their exposure.

While terrorism is nearly impossible to predict, Sunstorm can help assess a broad range of attack types, enabling a better reflection of potential exposures to events in developing countries that might be situated anywhere on the terrorism and political violence spectrum. Risk managers can manage risks from terrorism to sabotage through political violence and from war to civil war.

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.