Revolutionizing Insurance Distribution with Generative AI

The Bain & Company Global Private Equity 2024 Report reveals how generative AI is poised to redefine insurance distribution, highlighting agent efficiency, enhanced customer service, personalization, and strategic insights.
April 2, 2024 Insurance Industry Risk Management Technology

New Report Sheds Light on Workers’ Compensation Claims Trends in California

A recent study by the WCIRB of California reveals a notable trend: 40% of workers’ compensation claims originate from employees with less than a year of tenure.
April 1, 2024 Education & Training Insurance Industry Risk Management Workers' Compensation California

Leveraging AI for Future-Proofing Insurance

A deep dive into the Rackspace Technology-sponsored 2024 AI Report reveals strategic AI investments and challenges among insurance IT leaders.
April 1, 2024 Education & Training Risk Management Technology

Balancing Innovation and Risk in Insurance Data Science Adoption

Insurers strive for a balance between embracing data science innovation and maintaining robust risk governance and ethical standards.
April 1, 2024 Insurance Industry Risk Management Technology

Shifts in the U.S. Commercial Litigation Finance Landscape Amid Economic Fluctuations

The U.S. commercial litigation finance industry faces a contraction in new funding deals due to broader financial market trends, despite stable demand.
April 1, 2024 Insurance Industry Litigation Risk Management

Bridging the Gap in Cybersecurity with Process Innovation in the Insurance Sector

In the fast-evolving cyber threat landscape, insurance industry processes are key to developing adaptable policies, managing risks, and enhancing cyber resilience.
April 1, 2024 Insurance Industry Risk Management Technology

Swiss Re and Zurich Navigate the Generative AI Wave in the Reinsurance Sector

As the reinsurance industry explores Generative AI, leaders weigh the technology’s potential for innovation against its risks.
March 29, 2024 Insurance Industry Risk Management Technology

Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season

Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024 Catastrophe Insurance Industry Risk Management Technology Florida North Carolina South Carolina Texas

Deciphering AI’s Role in Insurance Raises More Questions Than Answers

At the 2024 cyber symposium, experts express the need for clarity in underwriting AI-related risks, underscoring the insurance industry’s struggle with fast-paced technological advancements.
March 29, 2024 Insurance Industry Legislation & Regulation Risk Management Technology

The Impact of COVID-19 on Workers’ Compensation: Insights from the National Academy of Social Insurance Report

The 26th annual report by the National Academy of Social Insurance offers a detailed look at workers’ compensation trends during the COVID-19 era, showcasing the system’s adaptability.
March 29, 2024 Insurance Industry Legislation & Regulation Risk Management Workers' Compensation

Navigating the Stormy Seas of Marine Insurance Claims with Expertise and Empathy

Marine loss adjuster Paul Field reveals the challenges and nuances of handling insurance claims for pleasurecraft, emphasizing the human aspect and technical expertise required.
March 29, 2024 Insurance Industry Marine Risk Management Technology

Baltimore Bridge Collapse May Set Record for Marine Insurance Losses, Lloyd’s of London Chairs Warn

Lloyd’s of London anticipates the Francis Scott Key bridge collapse to potentially become the most significant marine insurance loss in history.
March 28, 2024 Catastrophe Insurance Industry Marine Risk Management Maryland

U.S. Property and Casualty Insurers Shift Focus to Predict and Prevent Strategy Amid Rising Underwriting Losses

Facing a $38 billion underwriting loss and increased natural catastrophe damages, insurers explore predictive and preventive measures for sustainability.
March 28, 2024 Catastrophe Insurance Industry Risk Management Technology

TMPAA and The Institutes Unveil New Program Business Professional Designation

In a landmark collaboration, TMPAA and The Institutes announce the Program Business Professional (PBP) designation, enhancing program business education.
March 28, 2024 Education & Training Insurance Industry Risk Management

Florida Property Insurers Turn Profit in 2023, Bucking Years of Losses Amid Hurricane Challenges

After facing underwriting losses for years due to hurricane damages, Florida’s property insurers reported profits in 2023, signaling a potential market turnaround.
March 27, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida
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