Innovation Insurance Group

Insurance Thought Leadership Speaks with Ty Sagalow on Cyber Risk

Ty R. Sagalow — Wed, 30 Apr 2014 16:10:33 +0000

In this third installment of the Ty Sagalow Insurance Thought Leadership series, Mr. Sagalow is asked about the current status of cyber risk and the cyber risk insurance industry as well predictions to the next versions of cyber risk insurance.

Insurance Thought Leadership Speaks with Ty Sagalow on Reputation Risk

Ty R. Sagalow — Wed, 30 Apr 2014 15:13:51 +0000

In this second installment of the Insurance Thought Leadership interview series Mr. Sagalow is asked to comment on the importance of reputation to corporations of all sizes and what, if any, the insurance industry to doing to help them manage the risk.

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.

Reputational Risk: What Companies Need to Know & Need to Do

Ty R. Sagalow — Mon, 26 Aug 2013 21:46:12 +0000

Brand, or reputational risk, is at the top of concerns among senior management. And with the exponential growth in social media, the risk to a company’s reputation is growing as well.

Solving the risk management issues surrounding reputation risk is a lucrative opportunity for the insurance industry. Here Ty Sagalow, president of Innovation Insurance Group discusses the potential impact of reputational risk and emerging risk transfer solutions.

Additional Innovations in Insurance programs include interviews with Vince Tizzio, President/CEO of Navigators Management Company, Inc., and Pamela Newman of The Newman Team at Aon.

Cyber Crime in the News: Responses to Cyber Risk

Ty R. Sagalow — Sun, 04 Aug 2013 21:50:02 +0000

Cybercrime and Cyber Risk are making headlines. Recently, Federal Prosecutors charged a gang of hackers from Russia and the Ukraine with stealing 160 million credit card numbers from more than a dozen companies. Authorities said it’s “the largest hacking scheme in U.S. history.” Some of the same hackers were accused of computer attacks on Citibank, PNC Bank and the Nasdaq stock exchange as well. And earlier this year, an international ring of cyber thieves stole $40 million in 10 hours from ATMs in more than two dozen countries.

Ty Sagalow, president of Innovation Insurance Group, joined WRIN.tv to discuss the impact of cybercrime on companies and infrastructure, what governments and insurers are doing to mitigate cyber losses, and developments in cyber risk insurance coverages.

View Innovations in Insurance programs with industry leaders Vince Tizzio, President/CEO of Navigators Management Company, Inc. and Pamela Newman of The Newman Team at Aon.

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.

Municipal Pensions – the next Black Swan… or the next big opportunity?

Ty R. Sagalow — Sun, 24 Feb 2013 22:34:19 +0000

ANV Founder Matt Fairfield recently told WRIN.tv that Municipal Pension Funds could be the next “black swan” facing the insurance industry. He suggests there may be “blood on the streets and civil unrest” in the wake of potential defaults. In fact, Detroit will be the largest municipal bankruptcy in U.S. history, with the city’s debt estimated at $18–20 billion. Lawmakers are concerned that the crisis could spread to other municipalities.

WRIN.tv contributor Ty Sagalow, president of Innovation Insurance Group, assesses the size of the municipal pension problem, as well as the potential for a joint private/public solution built on the insurance industry’s existing pension fund liability coverage.

Ty Sagalow is host of Innovations in Insurance, a WRIN.tv series focusing on new product development. To watch previous editions of Innovations in Insurance, visit the WRIN.tv On Demand Library.