Innovation Insurance Group, LLC

 
"Every major change in the world
started with a single creative thought"
- Ty R. Sagalow

Innovation Insurance Group News and Events


For a list of pre-Innovation Insurance Group articles on Ty Sagalow, go to News Archive
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In Insurance Thought Leadership's interview of Ty Sagalow, President of 
Innovation Insurance Group, Mr. Sagalow comments on innovation in the
Insurance industry, the newest products he is seeing today and what he
predicts will be the new products tomorrow.
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CYBER INSURANCE: A CHALLENGE FOR BUSINESS

JUNE 8, 2014. More businesses are buying policies but underwriters are
challenged because the losses are difficult to quantify and attackers are
constantly getting more advanced. The article quotes Deloitte, ACE, Good
Harbor, and Innovation Insurance Group President Ty Sagalow who
summarizes bottom line: "Insurer's can't afford not to be in this thing."
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In Insurance Thought Leadership's interview of Ty Sagalow, President of 
Innovation Insurance Group, 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.
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AM Best interviewed Ty Sagalow, President, Innovation Insurance Group,
said insurers must innovate to remain relevant. Sagalow spoke to A.M. Best TV
in Denver during the annual RIMS conference.

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In the first part of a three part interview at the 2014 RIMS conference
ITL had the opportunity to spend a few minutes with Ty Sagalow on the
status of innovation in the insurance industry where he commented on the
latest examples of innovation as well as warned about the dangers to the
industry if we fail to be innovative. 
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2013 INNOVATION INSURANCE GROUP ANNUAL REPORT
On April 20, 2014, Innovation Insurance Group, LLC released it first annual
report.  In the report, there is an overview of the company's two practice
groups (Product Development and Expert Witness), its activities in 2013
and forecast for 2014. Also included is three interesting client case studies
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INNOVATION INSURANCE GROUP PRESIDENT, TY SAGALOW AND
ADVISEN ANNOUNCE STRATEGIC PARTNERSHIP
“Ask the Expert” Service & Expert Commentary on Policy Wordings for P&C
Professionals 
NEW YORK – January 28, 2014 – Advisen Ltd., the single source
solution for insurance intelligence, today announced its
collaboration with insurance industry veteran and management
and professional liability expert Ty R. Sagalow, President of
Innovation Insurance Group, LLC. The duo will launch an
“Ask the Expert” service in January 2014, followed by the launch
of enhanced policy wordings in Advisen’s Policy Insight product
in Q1 2014.  For a full copy of the press release, click here.

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INNOVATION INSURANCE GROUP PRESIDENT, TY SAGALOW, 
APPEARS ON FOX "GOOD DAY NY" (January 24, 2014)
Innovation Insurance Group, LLC President, Ty R. Sagalow appeared on Fox's Good Day, New York
and spoke to the show's co-hosts, Rosanna Scotto and Greg Kelly, along with "Dr. Jeff" in a light
hearted look at the risks that the show's anchors take in a segment called "Is GDNY too
dangerous?" The clip is approximately 7.5 minutes long.
Ty Sagalow appears on Fox's Good Day, New York

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INNOVATION INSURANCE GROUP PRESIDENT TY SAGALOW TO
SPEAK AT 2d ANNUAL ACI FINANCIAL INSTITUTIONS LIABILITY FORUM
IN NEW YORK, NOVEMBER 21-22, 2013
Financial institutions are facing record exposures and increasing obstacles
to securing insurance, due to the fallout from the financial crisis and an
era of heightened regulation. E&O, D&O, fiduciary liability, cyber risk
claims, financial fidelity (bond), even P&C – on a variety of fronts,
insurance professionals and policyholders are looking for answers on
assessing risk, managing litigation, defending claims and altering
underwriting processes going forward to address the changing financial
institution landscape.

Mr. Sagalow will be speaking on coverage issues in the
Insolvency Exclusion and recent new products for Financial
 Instititutions for intellectual property as part of the session:
"E&O and Fiduciary Liability Coverage: What Financial Institutions, 
Carriers, Brokers and Counsel Now Need to Know in Today’s Competitive
Market"

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INNOVATION INSURANCE GROUP PRESIDENT TY SAGALOW TO SPEAK
AT ADVISEN'S CYBER RISK INSIGHT CONFERENCE IN NEW YORK,
OCTOBER 23-24, 2013
The world's largest Cyber Risk event for 
P&C Professionals


Attendees at the Advisen Cyber Risk Insights conference will leave with
a solid understanding of the full range of risks posed by digital commerce
and social networking, and a command of the insurance products designed
to address those risks. They will learn from top underwriters, brokers,
lawyers and security experts. Leveraging Advisen's unparalleled data and
analytical resources, they will have the tools and knowledge necessary to
perform effectively in this rapidly growing and fast-changing area. 

Mr. Sagalow will be moderating a panel discussion on:

Why the Board of Directors should be Concerned About Cyber Liability Insurance.
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INNOVATION INSURANCE GROUP PRESIDENT TY SAGALOW TO SPEAK
AT 16TH ANNUAL ACI D&O LIABILITY FORUM IN NEW YORK, 
October 21-22, 2013
For 16 years, ACI’s D&O Liability forum has been the premier event for
leading brokers, underwriters, claims counsel, and outside counsel for
insurers and to benchmark coverage, underwriting, and claims strategies.
No other event can match the practical and detailed analysis of the entire
D&O landscape, including the impact of litigation, regulatory action, and
market conditions in today’s tumultuous environment.

Mr. Sagalow will be speaking on the topic: "Crowdfunding:  
An Opportunity or a Liability?"  (For more information on the insurance
issues surrounding crowding, to to www.crowdfundinginsurance.com
a sister site of innovationinsurancegroup.com)
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INNOVATION INSURANCE GROUP PRESIDENT TY SAGALOW TO SPEAK
AT "RISK BASED SECURITY MANAGEMENT CONFERENCE" IN NEW
YORK, SEPTEMBER 18, 2013
Risk-Based Security Management (RBSM) is defined as the application of
 rigorous and systematic analytical techniques to the evaluation of the risks
 that impact an organization’s information assets and IT infrastructure. 
RBSM can be considered one component of a wider enterprise risk 
management system.Mr. Sagalow will be presenting "An Executive View of
 Cyber Risk Managment"  as part of the Information System Security
 Association conference where he will be discussing how a
 multi-departmental approach based on financial and legal
management can reduce the net cost of cyber attacks.
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TY SAGALOW PUBLISHES "A LOOK AT CYBER RISK OF FINANCIAL
INSTITUTIONS" IN INSURANCE THOUGHT LEADERSHIP (April 2, 2013)
There were more than 26 million new strains of malware released into circulation in 2011.
Such a rate would produce nearly 3,000 new strains of malware an hour! Almost
two-thirds of U.S. firms report that they have been the victim of cyber-security incidents

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NEW YORK, January 25, 2013 - 
Hanover Stone Partners, a risk management
 services firm with expertise in a broad range of
 critical risk disciplines, today announced it has
 appointed Ty Sagalow as a senior risk advisor
 and established a New Product Development
 Practice.  Mr. Sagalow, a 30-year insurance
 industry veteran and President of Innovation
 Insurance Group, LLC, will head the new Practice.
 "I am very excited about the partnership between
 Innovation Insurance Group and Hanover Stone
 Partner" said Mr. Sagalow. "The new practice
 group will have two focuses:  First, create new
 risk solutions using the combined efforts of all the
 Hanover Stone Partner associates and partner 
firms.  Second, offer to our clients a new product
 development team coordinating the vast skills
 of our associates and partner firms to offer a
 seamless, coordinated skill set in areas of
 legal drafting, underwriting, actuarial,
 marketing and more."

John J. Kelly, founder and managing partner of

 Hanover Stone Partners: "Ty is a dynamic leader

 who will bring world class creativity and problem

 solving capabilities to Hanover Stone Partners

 and our clients.  Time and again, his commitment

 to excellence and passion for getting things done

 has led to breakthrough risk solutions with

 widespread benefits.  We're delighted to have him

 on our team."

  
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INNOVATION INSURANCE GROUP, LLC. 
PRESIDENT, TY SAGALOW, SPEAKS ON 
INNOVATION IN INSURANCE FOR THE 
INSURANCE MARKETING AND ADVERTISING
SOCIETY. (January 2013)
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Department of Homeland Security releases Cybersecurity Insurance Workshop Report including discussion of Innovation Insurance Group proposed federal reinsurance and “Cyber Safety Act” law.

The report’s Executive summary highlights two potential private-public sector

solutions proposed by Innovation Insurance Group President Ty Sagalow.

The report consisting of 50 pages and hundreds of observations by the 60

participants, including Innovation Insurance Group, with key observations

highlighted, can be downloaded here.  Among the key observations were:

(1) cyber-insurance is a potentially “effective, market-driven way of increasing

cybersecurity” but (2) certain risks are currently, or perhaps permanently,

uninsurable such as attacks on the infrastructure and cyber-war  and that

therefore (3) the establishment of a federal reinsurance entity and the passage

of a “Cyber Safety Act” law modeled against the anti-terrorism Safety Act

legislation passed by Congress in 2002 might be considered.  The Workshop

 was not a forum in which the federal government expressed official, or even

unofficial, views but instead they played "host" to a number of private and public

sector individuals who discussed cyber-insurance, including the possible role

of the federal government. (December 19, 2012).


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INNOVATION INSURANCE GROUP PRESIDENT, TY SAGALOW, TO PRESENT AT A.M. BEST'S INSURANCE MARKETING & ADVERTISING SUBMIT ON NOVEMBER 7, 2012 (JERSEY CITY)
The seventh annual Insurance Marketing & Advertising Summit will be held on Wednesday, November 7, 2012, at the Hyatt Regency Jersey City on the Hudson.  Ty Sagalow, President of Innovation Insurance Group, will be presenting "Innovations in Insurance" at the conference. The conference registration fee of $199 includes conference materials, continental breakfast, lunch, and a networking social to conclude the event..
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INSURANCE MARKETING PODCAST FEATURES CONFERENCE SPEAKER TY SAGALOW ON INNOVATION (A.M. BEST) (AUG 29, 2012)
A.M. BEST, OLDWICK NJ (BUSINESS WIRE) Insurance innovation expert Ty Sagalow, the former chief innovation officer for several global insurance organizations who is now running his own business, explains his approach to creating new products and services in the latest edition of The Insurance Marketing Podcast.  Sagalow is also a featured speaker at Best's Review magazine's Insurance Marketing and Advertising Summit, set for November 7 in Jersey City, NJ.
To hear the full interview, visit www.ambest.com/v.asp?v=imasl2sagalow. or check here
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INNOVATION INSURANCE GROUP PRESIDENT, TY SAGALOW, TO PARTICIPATE IN "GROWTH AND INNOVATION IN INSURANCE" WEBINAR HOSTED BY SNLFOR FINANCIAL EDUCATION ON JULY 19, 2012

Growth and innovation are not words typically associated with the world of property/casualty insurance.  Yet, growth and innovation are not only possible, they are imperatives for companies seeking to distinguish themselves  Our experts will review past transactions to reveal the premium afforded to true innovators:

 

  • Ty R. Sagalow– President, Innovation Insurance Group
  • Greg Thompson, CPCU, ARM– President, THOMCO
  • William Wilt– President, Assured Research
  • Keith Enslow (Moderator) – Senior Program Manager, SNL Center for Financial Education
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INNOVATION INSURANCE GROUP PRESIDENT TY SAGALOW TO PARTICIPATE ON CRISIS MANAGEMENT SEMIINAR, NEW YORK CITY, JULY 25, 2012
PLUS SEMINAR ON REPUTATION INSURANCE: On July 25, 2012, Innovation Insurance Group President, Ty Sagalow, will join Red24, Allied World Assurance Copmany and Crum & Foster in a seminar on CRISIS MANAGEMENT AND REPUTATION INSURANCE co-hosted by the Insurance Brokerage Association of the state of New York (IBANY).  The seminar will be held at the offices of Wilson, Elser.
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In an article, "The Cyber Premium", the National Journal details the growth of the cyber insurance market noting that the recent theft of more than 6.4 million passwords from LinkedIn could result in a takeover of millions of user accounts and release of personal user information.


Asked about the recent SEC disclosure guidance document, Innovation Insurnace Group President Ty Sagalow reminded readers that the SEC recommended that dislosures specifically disclose a "description of the relevant insurance coverage" for network security breaches and vulnerabilities.

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INNOVATION INSURANCE GROUP PRESIDENT QUOTED IN BUSINESS INSURANCE ON FACEBOOK IPO: "Classic Example of Disruptive Innovation", says Ty Sagalow, President. (June 4, 2012)
Innovation Insurance Group's President, Ty Sagalow, was quoted in a recent Business Insurance article looking at the perils of Facebook's Initial Public Offering.  Commenting on the dangers of looking for complete stability in dealing with this type of business model, Ty Sagalow, stated "Facebook started a whole new paradigm in social interaction [and] is an example of disruptive innovation, which is a good thing for society but creates a 'rocky road' in pricing an IPO".
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INNOVATION INSURANCE GROUP PRESIDENT, TY R. SAGALOW, appears at the IRMI Cyber & Privacy Risk Conference, May 16, 2012 (Baltimore, MD)
Mr. Sagalow will be hosting a round table discussion at lunch on CYBER INSURANCE at this year's IRMI Cyber & Privacy Risk Conference on May 16, 2012
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Best Review article on Innovation Insurance Group
http://www3.ambest.com/ambv/displaycontent/MediaArchive.aspx?RC=189040
Best Review Video Interview with Ty Sagalow - July 2011


Innovation Insurance Group featured in Best Review

July 2011 "Leaders" publication.

Awards

Ty Sagalow receives Dave McCurdy Award for Creativity and Leadership in Cyber Risk (May 2011)