Tag Archives: Katherine Pipkorn

Exploring solutions for student loan debt

The years following high school have always been a time of uncertainty for students choosing to pursue post-secondary education. The choices regarding college and choosing a major have big implications on a student’s career trajectory, not to mention financial situation, for years to come.

The growing uncertainty concerning the format of higher education due to COVID-19, the post-graduate job market, and the long-term impact of student debt leaves many individuals wondering if they will ever earn enough to free themselves from student loan debt.

This landscape presents significant opportunity for insurtechs and traditional insurance carriers to create sustainable solutions that capture a portion of the $1.54 trillion student loan market, while also providing students with post-graduation financial stability. Milliman’s Andrew Groth and Katherine Pipkorn explore some solutions to the student loan crisis in this article.

How could COVID-19 affect the auto insurance industry?

While the health and welfare of people around the world is the most important concern, the outbreak of the coronavirus will no doubt have far-reaching effects on all aspects of our lives, including our driving behaviors. As a result, auto insurers may likely see short- and long-term effects in their claims experience.

In the short term, the auto insurance industry will likely see a sudden and sharp decline in the volume of reported claims due to social distancing and stay-at-home mandates. Whether or not the effects of social distancing will be felt over a prolonged period will be dependent on how quickly the economy recovers once day-to-day life returns to normal. A sluggish economy could have lasting long-term effects on auto claims frequencies.

In this article, Milliman’s Paul Anderson, Eric Krafcheck, and Katherine Pipkorn discuss what auto insurers may be facing in the weeks and months ahead.