Unlocking the Millennial Market for Life Insurance and Annuities
The life and annuities industry must adopt modern technology, customer-centric strategies, and scalable solutions to engage millennials seeking financial security.
December 5, 2024
Insurance Industry
Life & Health
Risk Management
Technology
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
Fraud
Insurance Industry
Life & Health
Technology
