NFTs Are Disrupting Fine Arts: Here’s What Risk Professionals Should Know
When Adrienne Reid heard that Mike Winkelmann, the digital artist known as Beeple, sold a piece of his work at the art auction house Christie’s for $69 million, she didn’t think much of it.
February 28, 2022
Education & Training
Risk Management
Technology
A Patient-Centered Approach To Claims Management
As a physician, I can’t help but view our industry through a distinctly patient-centered lens. Our very reason for existing is to help injured employees get well, ideally to get them back to their pre-injury status in days or weeks.
February 28, 2022
Technology
Workers' Compensation
The Imminent Death And Rebirth Of Cyber Insurance
We wake up every day to a pattern of record ransoms being paid as well as record increases in cyber-insurance cost. The Bloomington School District in Illinois published its cyber-insurance renewal costs and reported a whopping 334% increase in premiums.
February 24, 2022
Excess & Surplus Lines
Insurance Industry
Technology
Industrial Cybersecurity: Be Informed, Be Very, Very Informed
Thanks to high-profile hacks with visible, real-world consequences like the Colonial Pipeline hack, 2021 will be remembered by many as the year cybercrime prevention started to actually matter.
February 24, 2022
Excess & Surplus Lines
Risk Management
Technology
The Claims Revolution Is Underway, But Still A Long Way To Go
To improve claims processes across the insurance and reinsurance industry and deliver higher customer satisfaction, technology must be embraced, and modern software tools integrated into company processes, Jeff Saye, Global Practice Leader for Insurance Claims, Genpact told us in an interview.
February 23, 2022
Technology
Data is The New Gold
In today’s information-driven economy, data is extremely valuable to just about any industry and profession, and risk management is no exception. Businesses that are able to properly harness data can apply it to improve their operations and make more efficient use of resources.
February 22, 2022
Risk Management
Technology
Car Tech is Exposing Tales Spun By Insurance Fraudsters
The story began with a 20-year-old Manitoban saying he’d fallen asleep at the wheel in a newer model Chevy Silverado, veering off the road and crashing into a few parked cars.
February 18, 2022
Auto
Fraud
Technology
How Insurtech Digitization, Adaptability Could Drive Change
2021 was a historic year for investment in insurtechs. Funding reached a record-breaking $15 billion in Q3, according to Forrester ‑ more funding than in 2019 and 2020 combined. As this booming market evolves, the value of innovation by insurtech startups is becoming clear.
February 16, 2022
Technology
How AI Accelerates Insurance Claims Processing
The immediate aftermath of a vehicular crash is difficult for all parties involved. The drivers have to process the trauma, address injuries with medical attention, exchange information, and figure out how to get their damaged cars repaired or replaced.
February 11, 2022
Auto
Technology
Digital Transformation Done Right
Starting in March 2020, nearly every company experienced a digital transformation—whether they liked it or not. The pandemic ushered nearly all transactions and interactions online literally overnight.
February 7, 2022
Technology
What Big Tech Can Do For Insurance
That technology will be the fuel that powers the insurance industry machine is inevitable. And with exciting innovations in AI, data and cloud computing, the dreams of many insurers can become reality.
February 4, 2022
Technology
Tesla Recalls Nearly 54K Cars That May Roll Through Stops
Tesla Inc (TSLA.O) will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct "rolling stops" and not come to a complete stop at some intersections posing a safety risk.
February 2, 2022
Auto
Subrogation
Technology
Unlocking The Power Of Conversational Data Using Natural Language Processing
The nostalgia bug bit me when I heard "The Matrix Resurrections" was set to premiere at the end of December. To prepare for its release, I rewatched the prior movies. I was surprised to find that these movies captivated me in a wholly different way than when I first saw them.
February 1, 2022
Technology
Will Customers Turn To Big Tech?
Would people go to companies like Amazon, Facebook or Google for insurance? Zillow or Trulia for renters insurance? CVS for health insurance?
January 31, 2022
Technology
5 Predictions For P&C In 2022
The insurance industry faced a wake-up call when the pandemic exposed just how unprepared insurers’ digital capabilities were in a crisis. But, in the past two years, particularly in 2021, the industry has accelerated its digital development, making significant leaps forward in technology investments, workforce evolution and strategic planning.
January 28, 2022
Technology
