Winners of the Global Innovation Awards 2024 Recognized for Industry-Shaping Contributions

The 2024 Global Innovation Awards celebrated the innovative strides of insurers and insurtechs in Property & Casualty, Life | Health | Retirement, and Predict & Prevent categories at the Global Insurance Forum in Miami.
November 20 Life & Health Property Risk Management Technology

How AI is Changing Medicare Advantage Claims Denials in Healthcare

AI is reshaping Medicare Advantage claim approvals, raising concerns among healthcare providers over denial rates. As technology automates prior authorization, hospitals and patients face delays and challenges in accessing essential care.
November 14 Insurance Industry Legislation & Regulation Life & Health Technology Connecticut

Growing Demand for Insurance Among Gen Z and Underserved Groups in Advanced Economies

A Geneva Association survey finds a growing insurance gap among Gen Z, migrants, and low-income earners in developed nations. This gap reflects affordability concerns and a need for tailored, accessible policies to boost financial resilience across underserved demographics.
November 11 Insurance Industry Life & Health Property Risk Management

Insurers Navigate Risks and Opportunities in 2024 Global Report

The 2024 Global Insurance Report explores key shifts in the insurance sector, including market volatility, regulatory risks, low-carbon investments, and expanding private market exposure across various regions.
November 5 Life & Health Property Risk Management Technology

Expanding Long-Term Care Insurance to Support Aging Americans

With premiums on the rise and limited access to long-term care insurance, the industry is exploring innovative solutions to expand coverage, reduce costs, and better prepare Americans for the high cost of senior care.
October 28 Education & Training Insurance Industry Life & Health Risk Management

Supporting Employees with Chronic Pain: Boosting Wellbeing and Productivity

Chronic pain affects millions of workers, impacting both their wellbeing and workplace productivity. By understanding its challenges and implementing strategies, employers can promote better health and business success.
October 23 Education & Training Life & Health Risk Management Workers' Compensation

New Cybersecurity Requirements Now in Effect for New York General Hospitals

New York general hospitals must now comply with cybersecurity regulations aimed at protecting patient data, requiring risk assessments, staff training, and incident reporting within 72 hours of a breach.
October 21 Legislation & Regulation Life & Health Risk Management Technology New York

OpenAI’s o1 Model Enhances Reasoning: A New Era for Insurance Adjusters

The new o1 model, released by OpenAI, introduces enhanced reasoning abilities to ChatGPT. This development promises to transform decision-making processes in insurance by reducing AI hallucinations and improving complex analysis.
October 9 Insurance Industry Life & Health Technology Underwriting

How Insurers Help Domestic Abuse Survivors Achieve Financial Independence

Insurance plays a crucial role in empowering domestic abuse survivors by providing financial education and resources that foster long-term security and independence, breaking the cycle of abuse.
October 9 Education & Training Insurance Industry Life & Health Risk Management

Australian Woman Faces Prison After Faking Death for Insurance Payout

A woman in Australia pleaded guilty to fraud after faking her own death to claim over $718,000 in insurance funds. Despite elaborate efforts involving false documents and stolen identities, her scheme unraveled, leading to her arrest.
October 4 Fraud Insurance Industry Life & Health Litigation

Navigating the Complexities of Alcohol and Marijuana in Life Insurance Claims

Alcohol and marijuana present unique challenges in life and AD&D claims. While alcohol regulations are uniform, marijuana’s state-by-state legality and unpredictable effects complicate claim decisions and risk management.
September 30 Legislation & Regulation Liability Life & Health Risk Management

Rising Elder Fraud Losses Highlight Need for Personal Cyber Insurance

As elder fraud losses soar past $3.4 billion, cybersecurity risks grow more complex. Personal cyber insurance offers broader protection, covering identity theft, online fraud, and other cybercrimes targeting vulnerable populations.
September 23 Fraud Insurance Industry Life & Health Technology

Fed Rate Cut to Boost Insurance Portfolios, Affect Premiums and Underwriting

The Federal Reserve’s unexpected rate cut could boost insurance portfolios, while potentially increasing premiums and altering underwriting practices across the sector.
September 18 Insurance Industry Life & Health Property Underwriting

Fraud Trends and Prevention: Key Findings from RGA’s 2024 Global Claims Fraud Survey

The 2024 Global Claims Fraud Survey from RGA reveals persistent fraud challenges, with 74% of insurers reporting steady or rising fraud cases, emphasizing the need for enhanced detection and prevention measures.
September 16 Fraud Insurance Industry Life & Health Technology

NYC’s DCWP Secures Over $600,000 for Consumers Exploited by R.G. Ortiz Funeral Homes

The NYC Department of Consumer and Worker Protection (DCWP) has secured over $600,000 in restitution and civil penalties from R.G. Ortiz Funeral Homes for exploiting grieving consumers, particularly in Spanish-speaking communities.
August 28 Fraud Legislation & Regulation Life & Health Litigation New York

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