Harnessing Advanced Analytics for Effective Catastrophe Risk Management
Guy Carpenter’s Kimberly Roberts, Jeffrey Schmidt and Shannon Peterson outline the benefits of advanced analytics in managing catastrophe risk.
November 6, 2023
Catastrophe
Risk Management
Technology
Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival
Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Risk Management
Accounting for Similarities. What Stakeholders Believe The Institutes’ Affiliation with the IASA Can Deliver
The Malvern, Pa.-based Institutes’ latest affiliation promises to introduce the skills and experience of insurance accounting and systems administration professionals to a much wider audience.
November 2, 2023
Education & Training
Risk Management
Technology
Pennsylvania
Unveiling Generative AI: A Game Changer for Customer Engagement
Generative AI enables the creation of sophisticated, personalized customer experiences in the insurance industry through intelligent communication.
November 1, 2023
Insurance Industry
Risk Management
Technology
AI and Economic Trends: A New Era of Opportunities in Subrogation
How is artificial intelligence changing the subrogation process? How has the economy changed carriers’ appetite to identify subrogation opportunities?
November 1, 2023
Insurance Industry
Legislation & Regulation
Subrogation
Technology
Unveiling the Three-Stage Digital Revolution in the Insurance Industry
In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023
Auto
Education & Training
Liability
Risk Management
Technology
Guidewire and RiskStream Unite: Revolutionizing the Insurance Landscape with RAPID X Technology
By creating a single source of truth, blockchain-based "smart contracts" enable real-time data collection, sharing, and analysis that can reduce fraud, accelerate claims processes, and save the industry $200 billion per year.
October 31, 2023
Auto
Fraud
Insurance Industry
Technology
Evolving Vehicle Valuation: A Shift Towards Dynamic Insurance Pricing Amid Changing Auto Retail Trends
Changes in buyers’ behavior mean an insurer using MSRP to set an insurance value is underpricing the vehicle from the start.
October 31, 2023
Auto
Insurance Industry
Risk Management
Technology
Amazon Taps Robotics to Tackle Repetitive Motion Injuries
New robot technology could help protect Amazon warehouse workers from repetitive motion injuries, robotics company Agility Robotics said this week.
October 27, 2023
Risk Management
Technology
Workers' Compensation
Striking a Digital Balance: Insurers Tackling Claims Complexity in a Digital Age
Americans are turning to digital channels for some home and auto insurance needs, but other areas have proven more complicated.
October 27, 2023
Auto
Insurance Industry
Liability
Property
Technology
Risk Managers Beware: Generative AI Spells Serious Concerns for Security
A recent study by cybersecurity consultancy Gemserv warns that the ever-evolving world of artificial intelligence poses new challenges for companies.
October 26, 2023
Risk Management
Technology
Auto Claims Satisfaction Scores Are Up Despite Longer Repairs
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022.
October 26, 2023
Auto
Insurance Industry
Technology
Study Highlights the Evolution of Workers’ Comp
How has the workers’ compensation industry evolved over the past decade? The Rising Medical Workers’ Compensation Benchmarking Study answers this question.
October 26, 2023
Education & Training
Technology
Workers' Compensation
Commercial Auto Telematics Hitting a ’Tipping Point’
Telematics is revolutionizing the management of commercial fleets, driving enhanced safety, efficiency, and regulatory compliance among North American firms.
October 25, 2023
Auto
Risk Management
Technology
Harnessing AI for Climate Solutions: MIT Professor Explores the Potential and Challenges
MIT professor, Priya Donti, elucidates the significant role of AI in addressing climate change, while also acknowledging the associated challenges.
October 25, 2023
Education & Training
Technology
